Chile central bank mulled 150 point rate increase at May meeting, minutes show
SANTIAGO (Reuters) – Chiles central bank considered raising the benchmark interest rate by up to 150 basis points at its last meeting due to persistent inflationary pressure, according to meeting minutes released by the bank on Friday.
G7 mulling Russian asset seizures to help rebuild Ukraine – German Finance Minister
BERLIN (Reuters) – Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but he added that no decision on the matter was taken at a meeting with his G7 counterparts.
Putin instructs government to assess actions taken against Russia in WTO
(Reuters) – Russian President Vladimir Putin has instructed the government to assess measures taken by countries in the World Trade Organisation (WTO) that restrict trade with Moscow, a document published on the Kremlins website said.
Polands Agora expects positive outcome despite setback in Eurozet takeover
GDANSK (Reuters) – Polish media group Agora expects a delay of at least several months to its planned takeover of Eurozet if the Polish competition watchdog appeals a recent court OK, management board member Anna Krynska-Godlewska said.
U.S. says a second Abramovich plane likely violates export controls
WASHINGTON (Reuters) – The U.S Bureau of Industry and Security said on Friday a second airplane owned by Russian oligarch Roman Abramovich, a 787 Dreamliner, is likely in violation of U.S. export controls.
Putin tells government to ‘optimise’ taxes for steel makers and coal miners
(Reuters) – Russian President Vladimir Putin has ordered the government to ‘optimise’ taxes for steel makers and coal miners, the Kremlin said on Friday.
DUP expects new UK law on post-Brexit N. Ireland trade in early June
BELFAST (Reuters) – The British government plans to bring forward legislation in early June to unilaterally scrap some of the rules governing post-Brexit trade with Northern Ireland, the leader of the regions largest pro-British party said on Friday.
Austrias gas importer OMV to transfer euros to Russia for payment
By Alexandra Schwarz-Goerlich BERLIN (Reuters) – Austrian energy group OMV joins other European companies that transfer euro payments for Russian gas to Gazprombank, it said on Friday, adding that it expects no problems through a conversion to roubles.
India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI (Reuters) – Indias central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its contingency risk buffer at 5.5%, the bank said on Friday.
Russian to ease restrictions on cash FX, apart from U.S dollars, euros
Banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros.
Catherine Colonna, French envoy to Britain, to be named foreign minister – BFM
BERLIN (Reuters) – Catherine Colonna, France‘s ambassador to the United Kingdom and former spokesperson for the late President Jacques Chirac, is set to be named as France’s new foreign minister, BFM TV reported on Friday, citing unidentified sources.
Russian central bank to lift short selling ban on June 1, says leading broker
(Reuters) – Russia‘s central bank will lift a ban on short selling on June 1, Tinkoff Investments, one of Russia’s leading brokerage platforms said on Friday, citing a central bank note sent to brokerages.
Volkswagen supervisory board demands more ambitious software roadmap – sources
HAMBURG (Reuters) – Volkswagen‘s supervisory board has called on management to present a reworked plan for the carmaker’s software division, which forms the backbone of its strategy but has run into problems, two people familiar with the matter said.
Credit Suisse hires Barclays banker to take on Iberia investment banking – memo
By Andres Gonzalez and Pamela Barbaglia LONDON (Reuters) – Switzerlands second-largest bank Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Iberia in a bid to strengthen its presence in the region where deal volumes surged last year.
Netflix to pay $59 million to settle Italian tax dispute
MILAN (Reuters) – U.S. streaming service Netflix has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday.
Chinas Sinosteel signs $680 million iron ore mine deal with Cameroon
By Amindeh Blaise Atabong YAOUNDE (Reuters) – Cameroons government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.
Polands PGNiG says aims to maximise use of Baltic Pipe, reverses earlier stance
WARSAW (Reuters) – Polish gas company PGNiG said it aims to fully use its booked capacity on the Baltic Pipe from Norway, reversing its stance after saying it would not do so as soaring prices were likely to curb demand.
Romania cenbank unanimously voted to raise key rate to 3.75%
BUCHAREST (Reuters) – Romanias central bank board unanimously voted to raise the benchmark interest rate by a bigger than expected 75 basis points to 3.75% at its May 10 meeting as it expected sharply higher inflation, minutes published on Friday showed.
Kimberly-Clark to sell tissue paper assets in Brazil, Latam -report
SAO PAULO (Reuters) – Kimberly-Clark Corp is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported on Friday, saying the company is in talks with JPMorgan to reassess its business in the region.
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany (Reuters) – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with his G7 counterparts.