Ukrainian President Volodymyr Zelenskyy has formally ruled out talks with Russia following its illegal annexation of Ukrainian territories. Zelenskyy’s decree released Tuesday declares that holding negotiations with Russian President Vladimir Putin has become impossible after his decision to annex four regions of Ukraine. The decree enacted a decision by Ukraine’s National Security and Defense Council…
LONDON (Reuters) – Trafigura has appointed Richard Holtum as its global head of a newly combined gas and power division, the commodities trading firm said on Tuesday. Holtum has also become the 11th member of the Geneva-based company’s management committee. He was previously Trafigura’s global head of gas and liquefied natural gas (LNG) trading. Julien…
By Sam Nussey TOKYO (Reuters) – Sony Group Corp’s gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up. “Further investments in areas that will strengthen the expansion on…
TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate hike was the fifth in a…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%. The Reserve Bank of Australia’s increase of a quarter percentage point to the cash rate was smaller than those at recent monthly meetings. The banks had hiked the rate by…
By Kevin Buckland TOKYO (Reuters) – Australia’s dollar sank on Tuesday after the nation’s central bank surprised markets with a smaller-than-expected interest rate hike while sterling extended its recovery a day after the British government’s about-face on controversial tax cuts. The Aussie slumped as much as 0.97% and was last trading 0.5% weaker at $0.6482….
By Oliver Hirt and Carolina Mandl ZURICH/NEW YORK (Reuters) – Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that task increasingly difficult. Some of the bank’s wealth management clients have recently become concerned about Credit Suisse’s…
SYDNEY (Reuters) – The Reserve Bank of Australia raised its cash rate by 25 basis points to 2.60% on Tuesday following a monthly policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths of a percentage…
BUENOS AIRES (Reuters) – Argentina on Monday announced measures aimed at boosting technology exports to $10 billion in 2023, as it seeks to support growth of the “knowledge economy”. The measures, implemented through a presidential decree, will make 20% of the foreign currency entering the country and 30% of the money resulting from export growth…
By Tom Westbrook SYDNEY (Reuters) – Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound. In trade thinned by holidays in China and Hong Kong, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, led by a…
