By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. The IMF’s executive board is…
(Reuters) – The Russian rouble stabilised near 80 per dollar on Wednesday and stock indexes were up slightly, losing momentum after weeks of jittery trade. Russian actions in Ukraine, which Moscow calls “a special military operation”, remained in focus, along with a risk of new western sanctions and expectations that the economy is heading for…
By Simon Jessop and Alun John LONDON (Reuters) – Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while floundering peace talks between Russia and Ukraine kept oil hovering near recent highs. Hawkish moves from the world’s top central banks as the Russian invasion of Ukraine pumped…
BANGKOK (AP) — Asian shares were mostly higher Thursday after an advance on Wall Street that ended a three-day losing streak. Tokyo, Hong Kong and Shanghai advanced while Seoul edged lower. Oil prices fell back and U.S. futures climbed. Investors appeared to brush aside fresh evidence that inflation remains widespread in the U.S. economy in…
BEIJING (Reuters) -China’s overall trade with Russia rose over 12% in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and exports, as Beijing slammed Western sanctions on Russia following its invasion of Ukraine. Shipments to and from Russia increased 12.76% in March to $11.67 billion, Chinese…
(Reuters) -Britain’s GlaxoSmithKline has agreed to buy California-based biopharmaceutical company Sierra Oncology in a cash deal valued at $1.9 billion, the companies said on Wednesday, as it seeks to bolster its blood cancer business. Shareholders in Sierra, which focuses on targeted therapies for the treatment of rare forms of cancer, will receive $55 per share…
BEIJING (AP) — China’s exports rose 15.7% over a year ago in March while imports were flat amid disruptions due to coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to isolate every case. Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial hubs that are causing factories to…
By Alun John HONG KONG (Reuters) – Asian shares and U.S. futures rose on Wednesday as U.S. inflation figures were not as high as markets had feared, causing U.S. yields to pause their march higher. Share market sentiment was capped, though by, higher oil and other commodity prices after Russian President Vladimir Putin said that…
BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter. Inbound shipments fell 0.1% from a year earlier in March, marking the first decline since August 2020,…
PARIS (Reuters) – Stellantis said on Wednesday it would sell its entire stake in an auto financing joint venture with Dongfeng to the Chinese car maker and consolidate its own financial services in China into a new structure it fully owns. “As we continue our push to drive profitable growth in China, we need to…
