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May 23, 2022

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Totalenergies says decision to attract investment needed to calm gas price

Reuters
Chairman and CEO of TotalEnergies Patrick Pouyanne speaks at the Doha Forum in Doha, Qatar March 26, 2022. REUTERS/Ibraheem Al Omari Register now for FREE unlimited access to Reuters.com Register DOHA, March 26 (Reuters) – Totalenergies CEO Patrick Pouyanne said on Saturday European gas prices would keep rising until a......

Russian law creates new hurdle for foreign plane lessors

Reuters
Russian President Vladimir Putin chairs a meeting with members of the Security Council via a video link at the Kremlin in Moscow, Russia March 11, 2022. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register March 14 (Reuters) – Russia on Monday passed a law allowing......

Foxconn halts Shenzhen operations, adjusts China production on COVID curbs

Reuters
A medical worker in a protective suit collects a swab from a worker for nucleic acid testing at a Foxconn factory, following new cases of the coronavirus disease (COVID-19) in Wuhan, Hubei province, China August 5, 2021. Picture taken August 5, 2021. China Daily via REUTERS Register now for FREE......

Facebook owner defends policy on calls for violence that angered Russia

Reuters
LONDON, March 11 (Reuters) – Facebook owner Meta Platforms (FB.O) said Friday that a temporary change in its content policy, only for Ukraine, was needed to let users voice opposition to Russia’s attack, as Russia opened a criminal case after the company said it would allow posts such as “death......

Biden predicts dark endgame for Putin in State of the Union

Reuters
WASHINGTON, March 1 (Reuters) – U.S. President Joe Biden on Tuesday vowed that Russia’s Vladimir Putin will pay dearly over the long run even for his invasion of Ukraine, even if his military campaign succeeds in the short term. “While he may make gains on the battlefield – he will......

Russia to temporarily ban foreigners from selling assets

Reuters
A Russian rouble banknote is seen in front of a descending stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MOSCOW, March 1 (Reuters) – Russia will temporarily stop foreign investors from selling Russian assets to ensure they take......

Germany to close airspace to Russian planes

Reuters
Lufthansa planes are pictured at Frankfurt Airport, Germany, February 22, 2010. REUTERS/Johannes Eisele Register now for FREE unlimited access to Reuters.com Register BERLIN, Feb 26 (Reuters) – Germany on Saturday said it was preparing to shut its airspace to Russian planes, the latest European country to do so in response......

Two missiles hit Ukraine’s Kyiv – Reuters witness

Reuters
KYIV, Feb 26 (Reuters) – Two missiles hit areas southwest of the Kyiv city centre on Saturday, a Reuters correspondent reported. One of the missiles landed in the area close to the Zhulyany airport, he said. Another witness said the missiles hit the area near the Sevastopol square, while the......

EU to settle Russia sanctions, weigh cost of war

Reuters
BRUSSELS/PARIS, Feb 25 (Reuters) – European Union foreign ministers will thrash out details on Friday of sanctions on Russia over its invasion of Ukraine after leaders of the bloc agreed on a robust package of measures to ensure that President Vladimir Putin “must and will fail”. Foreign ministers were due......

Man with gun takes at least one hostage at Amsterdam Apple store, police say

Reuters
AMSTERDAM, Feb 22 (Reuters) – Dutch police said on Tuesday they had sent special units to a central square in Amsterdam because a man with a gun had taken one or more people hostage at an Apple store there. Several video clips on broadcaster AT5’s website appeared to show a......

Walmart’s Mexico unit sees profit rise 5% but costs increase

Reuters
A Walmart sign is pictured inside a Walmart store in Mexico City, Mexico March 28, 2019. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Feb 16 (Reuters) – Walmart’s Mexico unit (WALMEX.MX) on Wednesday said its fourth-quarter net profit grew more than 5% from......

Lebanese PM signals difficulty in agreeing financial recovery plan

Reuters
BEIRUT, Feb 10 (Reuters) – Prime Minister Najib Mikati indicated on Thursday difficulties in agreeing a financial recovery plan critical to steering Lebanon out of its devastating economic collapse, calling it a “Kamikaze operation”. A plan for addressing a $70 billion hole in the financial system is seen as the......

Credit Suisse flags weak 2022, ends a torrid year with $2.2 bln quarterly loss

Reuters
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Picture taken November 3, 2021. REUTERS/Arnd WIegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Feb 10 (Reuters) – Credit Suisse (CSGN.S) on Thursday capped a scandal-ridden year with......

SoftBank says additional Alibaba ADS registration not tied to future deal

Reuters
People walks past a logo of SoftBank Corp on a street in Tokyo, Japan, August 6, 2015. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register Son told analysts he was “surprised” by registration -source Stake in Alibaba worth around $82 bln SoftBank under pressure to sell assets......

Fed’s Bullard says U.S. unemployment rate can go below 3% this year

Reuters
A job seeker leaves the job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 1 (Reuters) – St. Louis Federal Reserve Bank President James Bullard said he sees......

America Movil floats discussing Mexico pay TV entrance with U.S. officials

Reuters
The logo of America Movil is pictured on the wall of a reception area in the company’s corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 25 (Reuters) – Mexico’s America Movil said on Tuesday......

Italy clears hurdle to buy export agency SACE in $4.8 bln deal

Reuters
ROME, Jan 25 (Reuters) – Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), sources told Reuters. The Treasury wants to directly control......

China cuts key rates, stepping up monetary stimulus effort to underpin economy

Reuters
A man checks phone at Lujiazui financial district in Pudong, Shanghai, China March 14, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 20 (Reuters) – China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set......

TikTok owner ByteDance cuts investment team amid China crackdown

Reuters
The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BEIJING, Jan 19 (Reuters) – TikTok owner ByteDance is shrinking its investment team and dissolving a sub-group focused on financial returns in response to regulatory crackdowns in......

Starbucks ties up with Meituan to bolster presence in crucial China market

Reuters
BEIJING, Jan 18 (Reuters) – Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has......

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