By Samuel Indyk LONDON (Reuters) -European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S. bond yields hovered near multi-year highs. World stocks edged higher but were still on track for their…
(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on concerns over unruly inflation. European equity funds received a net $4.84 billion in the period, while U.S. and Asian equity funds faced outflows…
ROME (AP) — Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday. The…
By Nathan Frandino and Christopher Walljasper CHICO, Calif. (Reuters) – A California law requiring grocery stores and restaurants to donate leftover food has been hard for local food banks and small towns to implement due to climbing fuel costs and uncertainty over who pays for food recovery. The effort to reduce methane emissions from discarded…
(Reuters) -The Russian rouble showed little reaction to an unexpected central bank rate cut on Friday, while stock indexes inched lower, weighed down by shares in oil companies which fell after the U.S. congress voted to ban Russian oil. The central bank cut its key interest rate to 17% from 20% in a surprise move…
BANGKOK (AP) — Foreign business groups in Myanmar have raised concerns about new rules requiring businesses and individuals to convert all foreign currency held in bank accounts into the local currency. A statement issued Friday by the American Chamber of Commerce and British, French, Australian chambers and similar groups says the requirement to swap all…
By Gus Trompiz PARIS (Reuters) -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded…
MILAN (Reuters) – Shares in Italy’s Atlantia rose more than 3% on Friday after a report that leading investor Edizione and Blackstone could launch a bid for the Italian road and airport operator at around 24 euros per share around Easter. Edizione, the Benetton family holding group which already holds a 33% stake in Atlantia,…
By Sonali Paul MELBOURNE/BEIJING (Reuters) -Oil prices rose on Friday but were set to drop around 3% for the week as consuming countries’ planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia because of western sanctions. Brent crude futures advanced by 16 cents, or 0.2% to $100.77…
NEW YORK (AP) — Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation. Big tech stocks once again led the market lower, and the S&P 500 fell 11.93 points,…
