Category Archives:
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit
PARIS (Reuters) - French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. C...
Apr 08, 2022
GoTo seeks to buck tech sector slump with $1.1 billion Indonesia IPO
By Fanny Potkin, Anshuman Daga and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) - GoTo is banking for a steady market debut after raising $1.1 billion in a relatively cautious IPO, while a booming lo...
Apr 08, 2022
Analysis-Samsung’s reputation hit as prices slashed at home for new premium phone
By Byungwook Kim SEOUL (Reuters) - Samsung Electronics' flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen its price halved at home in South Korea ju...
Apr 08, 2022
AB Volvo takes $423 million provision amid Russia-Ukraine uncertainty
STOCKHOLM (Reuters) - AB Volvo will keep provisions worth 4 billion crowns ($423.23 million) and expects a negative impact on its first-quarter operating income this year due to uncertainty caused by ...
Apr 08, 2022
Analysis-BOJ’s bet on career pragmatist sets bank up for post-Kuroda era
By Leika Kihara TOKYO (Reuters) - The Bank of Japan's rare reappointment of a veteran technocrat behind the country's massive monetary stimulus positions the bank for an eventual exit from governor Ha...
Apr 08, 2022
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll
By Devayani Sathyan and Vivek Mishra BENGALURU (Reuters) - New Zealand's central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to raise by slightly more this yea...
Apr 08, 2022
Column-Cold comfort in re-steepening U.S. yield curve: Mike Dolan
By Mike Dolan LONDON (Reuters) - Pretending it did not happen probably does not help much. Given its track record in preceding the last four recession since 1990, the brief inversion of the U.S. bond ...
Apr 08, 2022
Gold subdued as stronger dollar counters Ukraine risks
By Asha Sistla (Reuters) - Gold traded in a tight range on Friday as the dollar climbed higher on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, partially offsetting safe-hav...
Apr 08, 2022
Woodside investors to benefit from $40 billion merger with BHP arm -KPMG
By Sonali Paul MELBOURNE (Reuters) -Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert sai...
Apr 08, 2022
Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis
COLOMBO (Reuters) - Sri Lankan leaders from garments, tea and other industries said on Friday the country's goods and services exports could plunge 20% to 30% this year due to high freight charges and...
Apr 08, 2022
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