Greece to reopen January 2033 bond on May 23 via auction- debt agency
ATHENS (Reuters) – Greece will auction up to 500 million euros ($528.35 million) in a reopening of its 3.9% government bond maturing January 2033 on May 23, its debt agency PDMA said on Friday.
Scientists neutralize pit viper venom with compound from fruits and vegetables
SAO PAULO (Reuters) – A substance found in fruits and vegetables can neutralize the venom of a poisonous pit viper common in much of South America, Brazilian researchers have discovered.
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM (Reuters) – The Dutch governments budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget update, up from expectations of a 2.4% shortfall forecast in September.
ECBs Villeroy says we will deliver in fight against inflation
KOENIGSWINTER, Germany (Reuters) – The central banks of the Group of Seven economic powers are determined to tackle the threat from inflation, ECB policymaker Francois Villeroy de Galhau said on Friday after a meeting of G7 finance chiefs in Germany.
Norways April crude oil output lags forecasts by 10.6%
OSLO (Reuters) – Norways crude oil output in April missed official forecast by 10.6%, while its gas output was in line with expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.
Canada imposes additional sanctions on Russian oligarchs, bans some luxury goods trade
(Reuters) – Canada said on Friday it was imposing additional sanctions on Russian oligarchs and banning the import and export of targeted luxury goods from Russia in response to Moscows invasion of Ukraine.
Russia makes early debt payment dash in bid to swerve default
LONDON (Reuters) – Russia initiated payment on two of its external bonds on Friday in an attempt to stave off a looming sovereign default ahead of a key U.S. licence allowing such transfers expiring next week.
Focus:Big brands fret over China as middle-class spurns luxury
By Casey Hall and Silvia Aloisi SHANGHAI/MILAN (Reuters) – Chloe Kou, a 28-year old beauty brand marketing manager from Shanghai, wont be buying her usual “one or two” high-end handbags this year. Instead, she plans to save not spend, and that is a problem for luxury
Polish miner JSW says too early to forecast 2023-25 output
GDANSK (Reuters) – Polish miner JSW, which is coming off a record first quarter, said on Friday it was too early to estimate its coal production in 2023-2025, capex or expenses.
Gilinski launches offer for up to 32.5% of Grupo Argos shares
BOGOTA (Reuters) – Colombian business magnate Jaime Gilinski has launched a public acquisition offer for shares in industrial conglomerate Grupo Argos, the third company which has recently found itself in Gilinski‘s sights, the country’s financial regulator said.
Renault boss Luca de Meo could return to Japan in June – source
(Reuters) – The head of French carmaker Renault could return to Japan in June for the second time in two months, a source close to the matter told Reuters, a sign of intensifying talks with partner Nissan on a planned carve-out of its electric vehicle business.
Russia says it fulfilled obligations on Eurobond coupon payout in full
(Reuters) – The Russian finance ministry on Friday said it has fulfilled obligations on paying coupons on two issues of Eurobonds in full.
Spain supports Ukraines EU entry, foreign minister says
By Belén Carreño MADRID (Reuters) – Spain supports Ukraines ambition to join the European Union and the idea of a new European political entity that could, for the time-being, accommodate Ukraine as a fellow-minded democracy, Foreign Minister Jose Manuel Albares told Reuters on Friday.
Rowe to exit M&S with jump in profit, but much still to do
By James Davey LONDON (Reuters) – Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job, with his internal successor set for a baptism of fire amid a worsening cost-of-living crisis.
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.
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.
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.
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.