Adani To Become India’s No. 2 Cement Maker With $10.5 Billion Holcim Deal
(Reuters) -Billionaire Gautam Adani’s conglomerate plans to buy Switzerland-based Holcim AG’s cement businesses in India for $10.5 billion, becoming the…
May 16, 2022
Snowless Davos Readies New Face For World Economic Forum Meeting
By Michael Shields DAVOS, Switzerland (Reuters) – Movers and shakers arriving for the annual meeting of the World Economic Forum…
Pay Growth Momentum Slowing Among UK Employers – Survey
LONDON (Reuters) – British employers expect to raise staff pay by 3%, a big increase by normal standards but far…
China’s Economy Skids As Lockdowns Hit Factories, Retailers
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s retail and factory activity fell sharply in April as wide COVID-19…
Official: China’s economy reviving as anti-virus curbs ease
BEIJING (AP) — China’s factory and consumer activity fell even more than expected in April under anti-virus controls, official data…
Renault Sells Stake In Russia’s Avtovaz, With Buyback Option
(Reuters) -Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on…
Ryanair Posts $369 Million Annual Loss, Eyes Return To ‘reasonable Profitability’
DUBLIN (Reuters) – Ryanair on Monday posted a 355 million euro ($369.06 million) loss for the pandemic-hit 12 months to…
China April Property Sales Post Steepest Drop Since 2010
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) – China’s property sales in April fell at their fastest pace…
Asian shares advance despite losses on Wall Street
Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong…
S.Korea Central Bank Chief Says Big-step Rate Hikes A Possibility
By Choonsik Yoo and Seunggyu Lim SEOUL (Reuters) -The South Korean central bank chief’s comment that he could consider big-step…