BERLIN (Reuters) – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if it drags on, Porsche SE’s finance chief said on Tuesday. “We cannot rule out, if the conflict lasts a longer time, that this could…
BERLIN (AP) — Europe’s already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros. Here’s a look at some of the implications of such a move: WHAT IS PUTIN PROPOSING? Europe imports large amounts of Russian natural…
By Helen Reid JOHANNESBURG (Reuters) – Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore mine in Guinea, the West African country has said. Guinea’s government has grown increasingly impatient with the mining firms that control the giant Simandou…
(Corrects designation in para 2) By Aditi Shah NEW DELHI (Reuters) – Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term. Shailesh Chandra, managing director of the passenger…
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil chief said markets are going through a “jittery period” and reiterated Tuesday that the kingdom’s ability to ensure energy security is no longer guaranteed. Energy Minister Prince Abdulaziz bin Salman said cross-border attacks have put to question “our ability to supply the world with the necessary…
TROSTYANETS, Ukraine (AP) — The bodies of two Russian soldiers lie abandoned in the woods. Ukrainian forces piled atop a tank flash victory signs. Dazed people line up amid charred buildings to reach for aid. These are the sights in a Ukrainian town that has seized back control from Russian forces, at least for now….
By Iain Withers LONDON (Reuters) -Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded stock roughly equivalent to a 3% stake in the lender. An unnamed investor launched a sales process for 575 million shares on Monday evening, facilitated by Goldman Sachs. The offering…
LONDON (AP) — British police are fining 20 people over parties held by Prime Minister Boris Johnson and his staff during coronavirus lockdowns, and say that more people could face penalties. The Metropolitan Police force said Tuesday it wouldn’t identify the recipients of the fixed penalty notices, though Johnson’s office said it would reveal if…
A look at the day ahead in markets from Sujata Rao It’s not just the costs of producing goods that’s going up, the price that must be paid to transport them shows no sign of easing — shipping a 40-foot container unit by sea costs double what it did a year ago and remains six…
SHANGHAI (Reuters) – General Motors’ joint venture in Shanghai has maintained production amid the city’s lockdown by asking workers to sleep on factory floors and getting passes for trucks to continue deliveries, two people familiar with the matter said. Such measures equate to a “closed-loop” management process, which China’s financial hub has asked companies to…
