MOSCOW (Reuters) – Russia’s No.2 lender VTB on Wednesday said it had opened a special “vostro” account at its Indian…
Saudi Aramco launches $1.5 billion fund, says energy transition plan flawed
By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) – Oil giant Saudi Aramco launched a $1.5…
Russia bans dealing in capital of 45 foreign-owned banks or banking units
MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units,…
Twitter shares drift towards Musk’s offer price as deadline looms
(Reuters) – Twitter Inc’s stock inched closer to Elon Musk’s $54.20 per share buyout offer for the micro-blogging site on…
Puma confirms full-year outlook, flags market volatility
By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by…
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001…
Iberdrola profit boosted by US, Brazil, offsetting Spanish woes
By David Latona MADRID (Reuters) -Spanish utility Iberdrola posted a 29% rise in nine-month net profit on Wednesday as growth…
Investors increase their bets on a 100 basis-point BoE rate hike
LONDON (Reuters) – Investors increased their bets on the Bank of England raising its benchmark rate by a full percentage…
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
TOKYO (Reuters) – Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according…