By Kevin Yao BEIJING (Reuters) – China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year. Data on Monday is expected to show gross domestic product (GDP)…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018…
FRANKFURT (Reuters) – The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen told a German newspaper. Bild am Sonntag, in an interview published on Sunday, asked her to name the key points of a planned sixth round…
KHARKIV, Ukraine — Russia’s bombardment of cities around Ukraine on Saturday included an explosion in Kharkiv that destroyed a community kitchen. Associated Press journalists at the scene recorded the immediate aftermath of the apparent missile attack. Kharkiv Mayor Ihor Terekhov said three people were killed and 34 wounded by missile strikes Saturday in that city…
MEXICO CITY (Reuters) – Mexican state oil company Pemex was on Saturday fighting to quell a fire burning in a gasoline storage tank at the Salina Cruz refinery in the southern Oaxaca state, local media and a Pemex source said, in the latest accident to hit the company. The fire that started on Friday had…
(Reuters) -Didi Global Inc will hold an extraordinary general meeting (EGM) on May 23 to vote on its delisting plans in the United States, the Chinese ride-hailing giant said in a statement on Saturday. The company also said it will not apply to list its shares on any other stock exchange before the delisting of…
SHANGHAI (Reuters) – China’s securities regulator said on Saturday that Didi Global decision to delist from New York Stock Exchange was a decision the Chinese ride-hailing giant made on its own based on the market and the company’s own situation. Didi’s delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between…
KYIV (Reuters) – Ukraine’s state-owned railway company has temporarily restricted the transportation of some agricultural goods through border crossings to Poland and Romania, consultancy APK-Inform said on Saturday. It gave no reason for the restrictions. Ukraine, a major agricultural producer, used to export most of its goods through seaports but since Russia’s invasion has been…
(Reuters) – Ukraine’s gross domestic product (GDP) may fall between 30% and 50% this year, Finance Minister Serhiy Marchenko said in televised comments on Saturday. (Reporting in Kyiv by Pavel Polityuk; Writing in Melbourne by Lidia Kelly; editing by John Stonestreet)
(Reuters) – The Securities And Exchange Commission of Sri Lanka said on Saturday it was directing the Colombo Stock Exchange to suspend the stock market for five business days from Monday. (Reporting by Anirudh Saligrama in Bengaluru; Editing by William Mallard)
