By Alexander Marrow (Reuters) – Russian internet firm Yandex on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment of its Russian business is concluded by the end of 2023. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…
DUBAI (Reuters) – Saudi Arabia’s economy grew by 3.8% year on year in the first quarter of 2023, the General Authority for Statistics said on Thursday, broadly in line with estimates released last month. Non-oil activities grew by 5.4% in Q1 while oil activities grew by 1.4% and government service activity was up by 4.9%,…
By Joey Roulette WASHINGTON (Reuters) – NASA’s plans to turn over its flagship rocket to contractors Boeing and Northrop Grumman to find more buyers and bring down costs faces steep hurdles thanks to meager demand even from the Pentagon and a sprawling supplier network. The U.S. space agency is pushing ahead with plans to hand…
MUMBAI (Reuters) – The Reserve Bank of India on Thursday allowed banks to set their own limits to borrow from the interbank call money market in a bid to better manage liquidity, though at least four traders said it would not move the needle much as lenders might not be willing, or able to participate….
(Reuters) – European shares opened lower on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in Swiss healthcare group Novartis helped limit losses. The pan-European STOXX 600 index dipped 0.1% by 0715 GMT, with the technology sector down 1.3%. Fears that the U.S. Federal…
By Lewis Jackson SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures that would limit customer crypto payments. A spokesperson for CBA, the country’s largest bank, declined to name the crypto exchanges involved. The bank…
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A…
By Dan Peleschuk POLTAVA, Ukraine (Reuters) -In peacetime, Viktor Tkachenko tracks local tenders, court registries and other open sources for a news outlet in central Ukraine. These days, the reserved 33-year-old fills a spreadsheet with the names of Ukrainian soldiers from Poltava region killed since Russia’s full-scale invasion began – 1,072 at last count –…
By Marc Jones LONDON (Reuters) -Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. Ankara has seen decades of financial market difficulties and the charts below show the challenges the…
By Nia Williams (Reuters) -Wildfires are common in Canada’s western provinces, but this year the eastern provinces of Nova Scotia, Quebec and parts of Ontario are also reeling from out of control wildfires, sending plumes across much of New York and forcing authorities to issue air quality alerts for Toronto and Ottawa. Canada is on…
