Gazprom cuts nominations for gas transit via Ukraine on May 13
KYIV (Reuters) – Russias Gazprom has reduced the booked capacity for gas transit through Ukraine via the Sudzha entry point on May 13 to 60.8 million cubic metres (mcm) from the previously announced 65.7 mcm, Ukraine pipeline operator data showed on Friday.
UnipolSai targets higher profits, dividends in new plan to 2024
MILAN (Reuters) – Italy‘s second-biggest insurer UnipolSai targets overall net profits of 2.3 billion euros ($2.39 billion) over the next three years as it invests in technology and bancassurance to consolidate its position in the country’s insurance industry.
Analysis: Wall Street ‘fear gauge’ offers no silver lining as bear market looms
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A surprising lack of panic in the U.S. stock market as measured by Wall Streets “fear gauge” is keeping some investors from calling a bottom on an already bruising equity selloff.
Malaysias Q1 GDP grows faster than expected on recovering demand
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysias economic growth picked up pace in the first quarter on recovering demand and a stronger labour market as the global economy rebounds from the coronavirus pandemic, the central bank said on Friday.
Indonesia seizes cooking oil shipment bound for East Timor
JAKARTA (Reuters) – Indonesia has impounded at least 81,000 litres of cooking oil bound for East Timor, the trade ministry said, as the Southeast Asian country seeks to enforce a ban on exports of crude palm oil and its derivatives including cooking oil.
Food security, Moldova in focus at G7 foreign minister meeting
By Alexander Ratz and John Irish WEISSENHAUS, Germany (Reuters) – Foreign ministers from the G7 group of rich nations will discuss how to alleviate food security concerns when they meet in Germany on Friday as fears mount that the war between Russia and Ukraine could further
Thailands economy likely grew modestly in Q1, stung by high inflation: Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – Thailands economy likely grew modestly in the first quarter, thanks to robust exports and an easing of COVID-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a Reuters poll found.
Scarred by crisis, election newcomers aim to unseat Lebanons elite
By Timour Azhari BEIRUT (Reuters) – Shot by security forces during protests over the 2020 Beirut port blast and frozen out of his bank savings during Lebanons financial collapse, Firas Hamdan has plenty of grievances against the authorities.
BOJs Kuroda says expected rise in inflation will lack sustainability
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday an expected, near-term rise in inflation would lack sustainability as it will be driven mostly by energy costs, stressing the need to keep monetary policy ultra-loose.
Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto
SINGAPORE (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.
Japan April consumer inflation seen exceeding central banks 2% goal: Reuters poll
By Leika Kihara TOKYO (Reuters) – Japan‘s core consumer inflation in April is expected be slightly higher than the central bank’s 2% target, hitting a seven-year peak as sharp climbs in fuel and global commodity costs push up the cost of living.
Gazproms Wingas says it gets no gas from Russia, customers not affected
FRANKFURT (Reuters) – Wingas, a Gazprom unit in Germany taken over by a German regulator and one of Germanys biggest gas traders, said on Thursday it is one of the companies that no longer receives gas from Russia due to sanctions imposed by Moscow.
Financial giants tiptoe into TikTok
By Chris Taylor NEW YORK (Reuters) – As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented social media platforms for a piece of the action.
Memory chip maker Micron launches new pricing experiment for stability
By Jane Lanhee Lee and Chavi Mehta SAN FRANCISCO (Reuters) – Chipmaker Micron Technology Inc on Thursday announced it was experimenting with a new pricing model for its chips called forward pricing agreements that would aim to stabilize the steep price fluctuations that plague the industry.
GM agrees to hike wages 8.5% at major Mexico plant, union says
By Daina Beth Solomon MEXICO CITY (Reuters) – U.S. automaker General Motors has agreed to raise wages 8.5% in a new collective contract for its production hub in the central Mexican city of Silao, the plants new union SINTTIA said on Thursday.
No need for ECB relief response over Ukraine at the moment- Enria
BERLIN (Reuters) – There is no need at the moment for relief measures from the European Central Bank in response to the war in Ukraine, the bank‘s top supervisor Andrea Enria said, adding that the bank was not planning ’one-size-fits-all‘ restrictions of banks’ dividends.
Exclusive-War forces Ukraine to divert $8.3 billion to military spending, tax revenue drops – minister
By Natalia Zinets KYIV (Reuters) – Ukraine has been forced to spend 245.1 billion hryvnia ($8.3 billion) on its war with Russia instead of development, the finance minister said on Thursday, providing a glimpse into the huge economic cost of Moscows Feb. 24 invasion.
Canada PM Trudeau says rival‘s attacks on central bank ’disappointing
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Thursday said central bank independence was an important principle, following “disappointing” attacks on the institution and its leaders by the front-runner for leader of the opposition Conservatives.
U.S. seeks better supply chain resilience with Southeast Asia -Raimondo
WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Thursday that the United States was looking to deepen resilience of supply chains with Southeast Asian partners.
Atlantia picks advisers for bid after confirming 2022 guideline
MILAN (Reuters) – Italys Atlantia said on Thursday it picked BNP Paribas and Morgan Stanley to advise it on a 58 billion euro ($60 billion) takeover approach from the Benetton family and Blackstone to be launched later this year.