(Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of Chinese yuan on January 13 to buy roubles, as it began to make up for the budget shortfall from falling oil and gas revenues by intervening on forex markets. The finance ministry and central bank said last Wednesday that …
Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13 Read More »
(Reuters) – Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday. Stellantis’ Rüsselsheim facility is where the world’s third largest carmaker by sales produces its DS 4 and Opel Astra models. …
Stellantis, Vulcan Energy to develop renewable energy assets in Germany Read More »
LONDON (Reuters) -State Street said on Tuesday it was unaware how much leverage was tied up in liability-driven investment (LDI) funds which came under extreme stress last year after British government bond yields rocketed. LDI funds are used by UK pension funds to help ensure they can pay pensions. “We had no idea how much …
State Street CEO says had no idea about leverage in LDI funds Read More »
(Reuters) – UK’s Revolution Bars Group on Tuesday forecast its annual core profit to be at the bottom-end of market expectations after the city-centre pub chain’s Christmas sales were hit by train strikes, sending shares sharply lower. The Christmas trading update from the London-listed firm comes after the key sales period was dampened by nationwide …
UK’s Revolution Bars warns on profit after strikes derail Christmas sales Read More »
FRÁNCFORT, 17 ene (Reuters) -La retirada de China de las restricciones ligadas a la pandemia podría impulsar el crecimiento mundial más allá de las expectativas y ayudar a evitar una recesión más amplia, a pesar de que algunas de las mayores economías del mundo se enfrentan a ligeras recesiones, dijeron altos cargos de finanzas en el …
BERLIN (Reuters) – Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow’s invasion of Ukraine, Chief Executive Sebastian Ebel said. Asked whether TUI was interested in a new shareholder, Chief Executive Sebastian Ebel told journalists on Monday evening: “The answer …
By Nimesh Vora MUMBAI (Reuters) – Indian importers last week took advantage of the rupee’s recovery against the dollar to hedge their future foreign currency obligations, data showed. Average dollar purchases by importers, beyond the spot date, rose to $1.64 billion last week from $1.14 billion the week before, latest data collated by The Clearing …
Indian importers use rupee’s recovery to increase hedging, data shows Read More »
HANOI (Reuters) – Vietnam President Nguyen Xuan Phuc has submitted his resignation, the official Vietnam News Agency said on Tuesday. Phuc, 68, a former prime minister, has held the largely ceremonial position for less than two years. (Reporting by Khanh Vu and Phuong Nguyen; Editing by Martin Petty)
By Rajendra Jadhav MUMBAI (Reuters) – India is likely to produce 34.3 million tonnes of sugar in 2022/23, down 4% from the previous forecast, after sugar cane yields in key producing states were hit by adverse weather, a senior industry official told Reuters on Tuesday. Lower sugar output could limit exports from the world’s second-biggest …
Adverse weather hits Indian cane crop and curtails sugar output Read More »
LONDRES, 17 ene (Reuters) – Europa no ofrece suficientes incentivos para que empresas como la productora de fertilizantes Yara se pasen a las tecnologías ecológicas, en claro contraste con Estados Unidos, dijo el consejero delegado de la empresa noruega. “Desde el punto de vista empresarial, tendría mucho más sentido expandirse en Estados Unidos y eso …
La noruega Yara dice que los inversores en tecnologías verdes miran a EEUU y no a Europa Read More »
