AGCO says some production facilities hit by ransomware attack
(Reuters) – Agricultural equipment maker AGCO Corp said on Friday it expects operations at some of its production facilities to be hit for “several days and potentially longer”, after they faced a ransomware attack.
Chiles Cencosud buys Brazilian supermarket chain for $100 million
SANTIAGO (Reuters) – Chilean retailer Cencosud said on Friday it had signed a deal worth around $100 million to acquire Brazilian supermarket chain GIGA.
ECB must keep inflation expectations at bay – Elderson
FRANKFURT (Reuters) – Euro zone inflation is “very high” and the European Central Bank needs to ensure that this does not get entrenched in inflation expectations, ECB board member Frank Elderson said on Friday.
Canada adds fewer jobs than expected in April, jobless rate dips to 5.2%
OTTAWA (Reuters) – The Canadian economy added far fewer jobs than expected in April, though the unemployment rate inched down to new record low of 5.2% and the labor market remained very tight, Statistics Canada data showed on Friday.
Ukraine hopes to boost export capacity by 50% in coming months
KYIV (Reuters) – Ukraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of pre-war levels, the deputy infrastructure minister said on Friday.
Faulty battery cells, modules likely caused e-scooter fire in India, initial probe finds
By Aditi Shah NEW DELHI (Reuters) – Faulty battery cells and modules have been identified as the leading cause of electric scooters catching fire in India in recent weeks, according to the findings of an initial federal investigation, two government sources told Reuters.
‘The Rock’, a record-setting white diamond, goes up for auction
By Cecile Mantovani and Emma Farge GENEVA (Reuters) – The largest white diamond ever auctioned will go under the hammer in Geneva next week, part of a sale by Christies that features two stones weighing more than 200 carats each.
U.S. bond funds record outflows for 17th week in a row
(Reuters) – U.S. investors remained net sellers of bond funds in the week to May 4 as the economy‘s rising inflationary challenges fanned caution ahead of the Federal Reserve’s policy meeting this week.
US April payrolls rise more than expected, wages rise less than March
NEW YORK (Reuters) – U.S. job growth increased more than expected in April, underscoring the economys strong fundamentals despite a contraction in gross domestic product in the first quarter.
Polish MPC sees risk of CPI remaining above target -minutes
WARSAW (Reuters) – Members of Polands Monetary Policy Council (MPC) said that there remains a risk of inflation remaining above target in the monetary policy transmission horizon and therefore rates should continue to rise, minutes from their April meeting showed.
HSBC expects euro-dollar parity by Q4 2022
HSBC on Thursday sharply cut its forecast for the euro and said it expects the single currency to weaken to parity against the U.S. dollar this year, the first major investment bank to make that prediction.
British convenience chain McColls collapses
(Reuters) – British convenience store chain McColls said on Friday it had been placed under administration of accounting and consulting firm PriceWaterhouseCoopers, as it failed to get short-term funding from lenders to stay afloat.
Chile consumer prices up by higher-than-expected 1.4% in April
SANTIAGO (Reuters) – Chile‘s consumer prices rose 1.4% in April boosted by rising costs in food and non-alcoholic beverages, the government’s statistics agency said on Friday.
‘Bad boys’ are back: India doubles down on coal as heatwave worsens power crisis
By Nupur Anand and Sudarshan Varadhan MUMBAI (Reuters) -India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwave-driven power crisis forces the worlds third-biggest greenhouse gas emitter to double down on the fuel after months of low consumption.
Czech central banker Michl, opponent of policy tightening, to become new governor – news website
PRAGUE (Reuters) – Czech National Bank board member Ales Michl, known for his stance against interest rate increases over the past year, will be appointed as the banks new governor by President Milos Zeman, new website seznamzpravy.cz reported on Friday.
Italy appeals court acquits all defendants, Deutsche Bank, Nomura in derivatives case
MILAN (Reuters) – An Italian appeals court on Friday acquitted all defendants, Deutsche Bank and Nomura over derivative deals that prosecutors say helped Monte dei Paschi di Siena hide losses in one of the countrys biggest financial scandals.
Pictet names Buckley, Klein to alternative investment roles
ZURICH (Reuters) – Swiss wealth and asset manager Pictet has named Edmund Buckley head of the Direct Private Equity division as the Geneva-based group expands its alternative investment business, it said on Friday.
Futures slip as focus turns to monthly jobs report
(Reuters) – U.S. stock index futures edged lower on Friday as sentiment remained fragile after a sharp selloff on Wall Street in the previous session, with investors awaiting April jobs data that could throw light on the path of interest rate hikes.
UK PM Johnson discusses investment with bosses of Shell and BP
LONDON (Reuters) – British Prime Minister Boris Johnson said on Friday that he had spoken to the bosses of oil majors Shell and BP and underlined the need for investment into the country amid soaring energy prices.
Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project
TOKYO (Reuters) – Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down its stake in the countrys Sakhalin-1 oil project.