By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s dominant lender Sberbank will issue bonds in Chinese yuan this year if an opportunity arises and will continue borrowing in roubles to drive portfolio growth, the bank’s finance chief told Reuters. In his first interview since becoming Sberbank’s head of finance last year, Taras Skvortsov…
By Naomi Rovnick and Harry Robertson LONDON (Reuters) – Soaring interest rates, slowing economic growth and a banking sector still recovering from a March rout might suggest a note of market caution, yet world stocks are at 14-month highs, the S&P 500 stock index has entered a bull market and gauges of volatility are eerily…
HONG KONG (Reuters) – Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD’s sole agent said in a notice on its website on Wednesday. Restoration work on another showroom in the outlying district of Yuen Long in the…
By Sheila Dang (Reuters) – Alphabet’s Google said on Wednesday it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company’s services. AI has dominated the tech industry in recent months as Google and other companies have developed novel chatbots that can…
(Reuters) – French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the Financial Times ahead of a June 19 conference expected to unveil large cuts in public expenditures. In an interview published on Wednesday, Le Maire promised a renewed push to cut public spending, saying France needed…
By Jack Queen (Reuters) – Former U.S. President Donald Trump pleaded not guilty on Tuesday to federal criminal charges that he unlawfully kept national-security documents when he left office and lied to officials who sought to recover them. Here is what to expect as the case proceeds. WHAT HAPPENS NEXT? It could be a year…
JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. The median expectation of the 19 economists was for the trade surplus in Southeast Asia’s biggest economy to fall to $3.02 billion from $3.94 billion…
By Kevin Buckland and Ankur Banerjee TOKYO/SINGAPORE (Reuters) – For Japan’s long term bond investors, an end to the Bank of Japan’s stifling control of market yields can’t come soon enough. Life insurance companies and pension funds in Japan have for months been positioning for an end to the BOJ’s ultra-loose yield-curve-control (YCC) policy, by…
HONG KONG (Reuters) – Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD’s sole agent said in a notice on its website on Wednesday. Restoration work on another showroom in the outlying district of Yuen Long in the…
A look at the day ahead in European and global markets from Kevin Buckland There’s no escaping that it’s all about the Fed today. And the energy around the meeting has been supercharged by the surprisingly soft inflation data that saw traders all but clear the table of any remaining rate hike bets. Investor focus…
