SHANGHAI (Reuters) – Chinese exports to Russia are slowing as the rouble swings in value, clear evidence of a ripple effect that Western sanctions over Russia’s invasion of Ukraine are having in China, even as it sticks by its neighbour diplomatically. Chinese multinationals have stayed in Russia while their Western rivals flee but it is…
SHANGHAI (Reuters) -More than half of U.S. multinational companies in China have reduced their annual revenue projections, mostly due to the recent COVID-19 outbreak in Shanghai, according to a survey by the American Chamber of Commerce in Shanghai published on Friday. Responses to the survey, conducted with 167 companies operating throughout China including 76 in…
NEW YORK (AP) — Stocks notched modest gains and Treasury yields soared Friday on Wall Street after a healthy report on the U.S. job market strengthened expectations for coming interest rate hikes. The S&P 500 rose 0.3% after bouncing between small gains and losses. The benchmark index eked out a slight gain for the week,…
(Reuters) – Sanofi expects to list its drug ingredients business EUROAPI on May 6, having received approval from French stock market regulator, the pharmaceutical giant said on Friday. The listing is set to take place shortly after a May 3 shareholder meeting, at which Sanofi’s stakeholders will vote on the listing. Sanofi said the new…
By Nick Carey LONDON (Reuters) – UPS said on Friday it was trying out a four-wheeled “eQuad” electric cargo bike for deliveries in densely packed urban areas, where bikes have better and easier access, to complement its push into electric vehicles. The package-delivery giant is trialing around 100 of the bikes, designed and built by…
By Devayani Sathyan and Vivek Mishra BENGALURU (Reuters) – Australia’s central bank will end its longest easing cycle on record by the end of the third quarter, according to a Reuters poll in which a growing minority of economists expected a rate hike just weeks after a federal election in May. When several of its…
NEW YORK (AP) — Labor organizers always knew it would be tough to convince Amazon workers to unionize. But a surprisingly strong early showing in a New York election and a still-uncertain outcome in an Alabama election are giving them hope. In Staten Island, New York, 1,518 warehouse workers have so far voted “yes” to…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan fund as one reason why the stock market took a nosedive late in the day, as options flows linked to the trade exacerbated market weakness. The S&P 500 Index fell…
