By Yoruk Bahceli (Reuters) – Companies raced to bond markets last month, undeterred by the Ukraine war as they tried to lock in relatively cheap borrowing, though the March rush did not prevent first-quarter sales in the euro market from slumping to a four-year low. Bond markets globally endured immense volatility in the January-March quarter,…
By Jesús Aguado MADRID (Reuters) -The chairman of Spanish bank Santander on Friday called for the European Union to define what kind of lending is considered consistent with a net zero energy policy, to help hasten moves to reduce dependence on Russian oil and gas. The EU, which was already targeting a shift towards green…
CITLUK, Serbia (AP) — An accident Friday in a coal mine in central Serbia killed eight miners and wounded 18 others, authorities said, adding that the workers apparently suffocated from too much methane gas. The accident in the Soko coal mine, located 200 kilometers (125 miles) southeast of Belgrade, the capital, occurred shortly after 4…
BERLIN (AP) — Russian officials said their demand for “unfriendly” countries to pay for natural gas in rubles does not mean supplies will be immediately interrupted. Gas used for heating and electricity was still flowing from Russia to Europe on Friday. “Payments on shipments in progress right now must be made not this very day,…
By Doyinsola Oladipo and Nivedita Balu (Reuters) – Organized labor supporters at an Amazon.com facility in New York City’s Staten Island held the lead in a contest to form a union as U.S. regulators continued to tally votes on Friday. When voting concluded for the day on Thursday, those workers who favored establishing the Amazon…
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – Wall Street was set to open higher on Friday, as U.S. jobs grew lesser than expected in March but unemployment rate fell to a new two-year low, underscoring solid momentum in the economy. Futures pared gains but stayed in the positive territory after the Labor Department’s…
MILAN (Reuters) – French luxury goods group Kering agreed to pay almost 187 million euros ($207 million) to settle a dispute with Italian tax authorities centred on its fashion brand Bottega Veneta, three sources with direct knowledge of the matter said on Friday. In a statement, the Milan prosecutor referred to a tax investigation into…
Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in…
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%….
By Joseph White DETROIT (Reuters) – Major automakers are expected to report on Friday that first-quarter U.S. car and light truck sales fell sharply compared to a year ago, with more uncertainty ahead because of parts shortages, high fuel prices and rising interest rates. J.D. Power and LMC Automotive forecast that January-March U.S. car and…
