WARSAW, Poland (AP) — New blasts at a Polish coal mine injured 10 rescue workers and forced authorities on Friday to suspend the search for seven coal miners and rescuers still missing after deadly methane explosions earlier this week, officials said. The initial explosion took place shortly after midnight early Wednesday and was followed by…
NEW YORK (AP) — American Express’ first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers returned to their habits of shopping, traveling and dining. The New York-based company posted a profit of $2.1 billion, or $2.73…
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo on Friday announced a halting of shipments of cooking oil and its raw material to control soaring domestic prices. In a video broadcast, Jokowi, as the president is popularly known, said the…
By Marwa Rashad LONDON (Reuters) – Asian spot liquefied natural gas (LNG) prices were down this week on softer Spring demand but further downside is limited as Asian buyers are expected to start to return to the market. The average LNG price for June delivery into north-east Asia was estimated at $25.40 per metric million…
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo announced on Friday a halting of shipments of cooking oil and its raw material to control soaring domestic prices. A previous move by Indonesia to restrict palm oil exports, introduced in late…
(Reuters) – Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate hikes by major central banks and a rise in real yields. According to Refinitiv Lipper, investors offloaded global equity funds worth a net $15.21 billion in the reported week, which…
BERLIN (Reuters) – Europe’s carmakers should wean themselves off fossil fuels from 2040, chief executive of Volkswagen’s Audi said on Friday, calling for quicker expansion of renewable energy capacity in Bavaria, where Audi is based, and elsewhere. Discussions around a possible embargo on Russian gas in light of Moscow’s invasion of Ukraine have raised pressure…
By Nupur Anand and Abhirup Roy MUMBAI (Reuters) – Lenders to India’s Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries, banking sources said, adding to troubles at the firm which has been struggling to pay off debt since its business was hit hard by the COVID-19 pandemic. “All secured…
By Krystal Hu and Anirban Sen (Reuters) – It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds of the $46.5 billion financing package that Musk unveiled on Thursday in support of his bid for Twitter Inc would come from his assets, with…
By Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) – Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and economists told the Reuters Global Markets Forum. Polls on Thursday showed President Emmanuel Macron with a…
