EXPLAINER: Why is Hungary blocking sanctions on Russian oil?
BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine,…
May 10, 2022
Oil Drops As Economic Worries, Strong Dollar Weigh
By Rowena Edwards LONDON (Reuters) – Oil prices fell in volatile trade on Tuesday as the market balanced impending European…
Peloton headwinds stiffen as people break pandemic routines
Peloton’s uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise…
China Eastern Airlines To Raise Up To $2.2 Billion Through A-Share Sale
HONG KONG (Reuters) – China Eastern Airlines Corp plans to raise up to 15 billion yuan ($2.23 billion) in a…
Commodity Currencies Bounce Back But Sentiment Remains Fragile
By Joice Alves LONDON (Reuters) – Commodity currencies Norwegian crown and the Australian dollar recovered some ground on Tuesday after…
Pfizer to spend $11.6B on migraine treatment maker Biohaven
Pfizer is starting to put its COVID-19 cash influx to use by spending $11.6 billion to venture deeper into a…
Swedish Match Shares Jump To Record High On Philip Morris Takeover Move
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris…
Automotive Industry Faces Long Term Battery, Raw Material Supply Issues, Tavares Says
MILAN (Reuters) – The automotive industry faces a shortage of batteries and raw materials in the coming years as part…
U.S. Producers Undo Years Of Efficiency Gains In Fight For Supplies
By Timothy Aeppel (Reuters) – U.S. manufacturers are finding that their main weapon to fight supply chain snarls is greater…
Exclusive-Malaysia May Cut Palm Oil Export Tax By Half Amid Global Supply Crisis
By Mei Mei Chu and A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia’s commodities ministry has proposed cutting an export tax on…