By Darya Korsunskaya (Reuters) – Russia’s attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further reduces the Kremlin’s crucial export revenues, analysts say. Russia’s finance ministry and central bank said last week they would restart interventions in foreign exchange markets…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares hit a near nine-month high on Monday, albeit in light trading due to a U.S. holiday, with real estate and retail stocks helping offset losses in commodity-linked sectors. The pan-European STOXX 600 closed up 0.5% at 454.6 – its highest level since April 2022 –…
By Tim Hepher and Joanna Plucinska DUBLIN (Reuters) -China’s abrupt decision to lift COVID-19 travel curbs could accelerate a global recovery in air traffic – but after widespread staff shortages, the airline industry is now struggling with a shortage of jets, financiers said on Monday. Three years after the spread of COVID-19 grounded thousands of…
By Shadia Nasralla LONDON (Reuters) -Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn’s senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters. Capricorn shareholders will vote on the NewMed deal on the morning of Feb. 1 before…
(Reuters) – Canada’s commodity-heavy main stock index edged lower on Monday, with energy and miners leading the losses, while traders looked ahead to a week of key data including consumer prices numbers. At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 29.37 points, or 0.14%, at 20,330.73. (Reporting by…
By James Davey LONDON (Reuters) – British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest 480 million pounds ($587 million). The 139-year old group said on Monday the investment would…
By John Revill ZURICH (Reuters) – Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its…
By Scott Murdoch and Jamie Freed SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows. A listing of Australia’s second-biggest carrier would likely be one of the country’s largest initial public offerings…
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people,…
MILAN (Reuters) – Italy’s antitrust authority said on Monday the offices of several oil companies, including Italy’s Eni and Exxon Mobil Corp’s ESSO Italiana unit, have been searched over alleged fuel price violations. The authority, which carried out the inspections with the help of Italy’s tax police, said it was probing irregularities concerning prices being…
