By Andrea Shalal SEOUL (Reuters) – U.S. Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine. Yellen, who arrived in Seoul on Monday evening, told…
(Reuters) – Coinbase Global Inc secured approval from Italian regulators to provide ongoing crypto services to customers in Italy, the cryptocurrency exchange said in a blog on Monday. (Reporting by Akriti Sharma in Bengaluru; Editing by Rashmi Aich)
Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer bailout, and more may be…
By Anna Ringstrom STOCKHOLM (Reuters) -SAS and pilot unions were set to resume negotiations on Monday in an effort to end a two-week strike that the Scandinavian airline says threatens its existence. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the carrier’s rescue plan…
PARIS (Reuters) – Stellantis announced the “orderly termination” of its loss-making joint venture with Chinese carmaker GAC, which has been producing Jeep vehicles since 2010, after it failed in its attempt to take control of the business. Stellantis will recognize a non-cash impairment of around 297 million euros ($299.5 million) for its first half-year results,…
TOKYO (AP) — Asian shares were mostly lower Tuesday, as investors weighed oil prices, inflation worries and corporate earnings. Tokyo’s benchmark was higher but other major indexes declined in morning trading after an early rally evaporated on Wall Street. “The news paints a deteriorating picture for the outlook of major companies amid global growth fears….
STOCKHOLM (Reuters) – SAS and pilot unions were set to resume negotiations over new collective agreements on Monday as a crippling strike, that the Scandinavian airline has said is threatening its existence, entered its third week. Most SAS pilots in Sweden, Denmark and Norway walked out onJuly 4 after talks over conditions related to the…
HELSINKI (Reuters) – Finland’s Nordea on Monday posted a rise in second-quarter operating earnings, well above market expectations aided by growth in earned loan interests. The bank’s April-June operating profit rose 2% from a year erlier to 1.36 billion euros ($1.37 billion), beating the 1.25 billion euro mean estimate of 7 analysts polled by Refinitiv….
SHANGHAI/BEIJING (Reuters) -Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the property sector faced fresh risks from a widening mortgage-payment boycott on unfinished houses. The China Banking and Insurance Regulatory Commission (CBIRC) told the official industry newspaper on Sunday that banks should meet developers’ financing needs…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike at the central bank’s policy meeting next month. The consumer price index (CPI) increased 7.3% in the second quarter, speeding up from a…
