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Russia to spend $6.8 billion from wealth fund on infrastructure projects in 2022
KAZAN (Reuters) -Russia plans to spend 400 billion roubles ($6.8 billion) of its National Wealth Fund money on investment projects this year, on top of the 535 billion roubles it has previously spent ...
Syndicated Content Sep 23, 2022
ADB head says FX intervention among tools for emerging Asia
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) - Capital controls and currency intervention are among tools emerging Asian policymakers can use if rapid U.S. interest rate hikes and a surging d...
Syndicated Content Sep 23, 2022
Volkswagen, Elia sign MoU to explore vehicle integration into power grid
FRANKFURT (Reuters) - Volkswagen's charging unit Elli has signed a memorandum of understanding with Belgian network operator Elia and one of its start-ups to explore the integration of electric vehicl...
Syndicated Content Sep 23, 2022
Cathay Pacific to increase flight frequencies after Hong Kong eases quarantine restrictions
HONG KONG (Reuters) - Cathay Pacific Airways Ltd on Friday said it plans to add more than 200 pairs of passenger flights in October to both regional and long-haul destinations. The announcement came a...
Syndicated Content Sep 23, 2022
Pakistan’s bonds slump on report UN DP to recommend debt restructuring
LONDON (Reuters) - Pakistan's bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Development Programme was set to publish a memo u...
Syndicated Content Sep 23, 2022
South Africa mine dam collapse highlights patchy regulation
By Nelson Banya (Reuters) - The collapse of a tailings dam in South Africa earlier this month has put the spotlight on the need for binding global regulations of facilities used to store mining waste,...
Syndicated Content Sep 23, 2022
UK’s Kwarteng to scrap top rate of income tax, cut basic rate from April
LONDON (Reuters) - Britain's new finance minister Kwasi Kwarteng said on Friday he would scrap the country's top rate of income tax and cut the basic rate next April - a year earlier than expected - t...
Syndicated Content Sep 23, 2022
Goldman Sachs cuts 2022 target for S&P 500 by 16%
(Reuters) - Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggres...
Syndicated Content Sep 23, 2022
Biden to announce $1.5 billion to fight U.S. opioid crisis
By Ahmed Aboulenein WASHINGTON (Reuters) - U.S. President Joe Biden will announce on Friday nearly $1.5 billion to fund access to medications for opioid overdoses, sanctions against traffickers, and i...
Syndicated Content Sep 23, 2022
France to impose a minimum delivery fee of three euros for online book orders
PARIS (Reuters) - France plans to impose a minimum delivery fee of three euros for online book orders of less than 35 euros in order to level the playing field with independent bookstores, the culture...
Syndicated Content Sep 23, 2022
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