By Filipp Lebedev and Gleb Stolyarov (Reuters) -A Chinese company bought at least $7.4 million worth of copper alloy ingots from a plant in a Russian-annexed region of Ukraine that is subject to Western sanctions, according to Russian customs data reviewed by Reuters. China has not imposed any restrictions on trade with Russia, but the…
By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday. BofA, citing EPFR data, said investors put $51.6 billion into money market…
BRUSSELS (Reuters) – Eva Kaili, the former European Parliament vice president accused of accepting bribes in one of the biggest scandals to hit European Union institutions, was released from custody to house arrest on Friday. The 44-year-old Greek Socialist was driven in a black Mercedes with her lawyer from Haren prison in northern Brussels to…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have surged this week on renewed hopes of disinflation, peak interest rates and a soft economic landing – and earnings from Wall Street’s biggest banks now test the thesis. Friday sees first-quarter updates from JP Morgan, Wells Fargo and…
By Ben Blanchard TAIPEI (Reuters) -Taiwan President Tsai Ing-wen on Friday thanked fighter pilots who scrambled against China’s air force during its drills around the island and pledged to keep strengthening the armed forces, as Beijing’s military activity in the vicinity ebbed. China began its exercises, including simulated precision strikes with bombers and missile forces,…
PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany. With the purchase of the company, which runs five workshops in eastern France…
By Yew Lun Tian and Liz Lee BEIJING (Reuters) -European foreign policy officials on Friday urged China not to use force over Taiwan, taking a tough stance against Beijing’s threats over the democratically governed island, after comments by French President Emmanuel Macron were perceived as weak. China in recent days has held intense military drills…
(Reuters) – Asian bonds secured their biggest monthly foreign inflows in thirteen months in March on hopes that major central banks would end their rate-hike cycle soon to boost the economies from a slowdown. Foreigners purchased a net $4.52 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their biggest monthly…
(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin. Following are details of the price cuts: CHINA Tesla reduced prices for all versions of its Model 3 and…
MILAN (Reuters) -Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday. Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders…
