By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline. The supplier of…
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter a year…
(Reuters) -Latest U.S. inflation numbers are in markets’ sight, especially since Federal Reserve policymakers have come out in force to correct any misconception about their determination to slay decades-high inflation with big rate hikes. The fallout from Nancy Pelosi’s high-profile visit to Taiwan will be watched closely, as will Chinese and UK data while Ukraine…
By Florence Tan SINGAPORE (Reuters) -Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76…
SLOVIANSK, Ukraine (AP) — The echo of artillery shells thundering in the distance mingles with the din of people gathered around Sloviansk’s public water pumps, piercing the uneasy quiet that smothers the nearly deserted streets of this eastern Ukrainian city. The members of Sloviansk’s dwindling population only emerge — a few minutes at a time…
TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan’s SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as…
PARIS (Reuters) – French utility company Veolia confirmed on Monday a deal to sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion). “Following this transaction, Veolia will remain a major player in the wase sector in the United Kingdom and, more broadly, in the environmental services market…
BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. Wall Street’s benchmark S&P 500 lost 0.2% on Friday after…
By Yuka Obayashi TOKYO (Reuters) – Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling shares in key energy projects. The project contributed to diversifying Japan’s energy supply, Hagiuda told a news conference. “Sakhalin-1…
(Reuters) – Private equity firm Carlyle Group Inc said on Sunday its chief executive officer (CEO) Kewsong Lee, 56, has stepped down with immediate effect months before the scheduled end of his five-year contract. In a statement, Carlyle said it and Lee mutually agreed they would not renew Lee’s contract as CEO which finishes by…
