A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve needs more information on what to do for its next move on interest rates, relentless stress in regional bank shares again this week may yet figure highly. As the Fed delivered what markets assume will be the…
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) – Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their trading desks to offset lower oil and gas prices. The stronger-than-expected profits from the two companies follow forecast beating results from rivals Exxon Mobil, Chevron and BP over…
(Reuters) – Russia plans to relaunch the multi-sport Friendship Games next year, 40 years after its first edition, Sports Minister Oleg Matytsin has told President Vladimir Putin. Matytsin said the event would be held after the Paris Olympics, which will run from July 26-Aug. 11 next year. “We propose to intensify the practice of holding…
(Reuters) – Car sales in Russia leapt by 170.4% year-on-year in April, analytical agency Autostat said on Thursday, with the country’s bruised car market staging a partial recovery from the soaring prices and reduced deliveries of the same month last year. Russia’s auto industry had been heavily reliant on investment, equipment and parts from overseas…
(Reuters) – Hundreds of lawsuits have been filed over the terms of the emergency deal to save Credit Suisse by selling it to Swiss banking rival UBS, a Swiss court has said. The 3 billion Swiss franc ($3.35 billion) rescue, hammered out over a March weekend amid turmoil in the global banking sector, upended a…
(Reuters) -Russia fired two dozen combat drones at Ukraine early on Thursday, striking a university campus in the Black Sea city of Odesa and attacking the capital Kyiv for the third time in four days. Russia has stepped up attacks as Ukraine prepares for a counteroffensive to try to retake Russian-occupied land in the south…
By Elizabeth Piper and Viktoriia Lakezina KHERSON, Ukraine (Reuters) – It was a warning by her daughter that persuaded Alina Fil to leave her home in the southern Ukrainian city of Kherson early on Thursday after another night of Russian shelling. Fil was one of dozens of Kherson residents who headed to the local bus…
By Maria Martinez (Reuters) – German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data showed on Thursday. Exports decreased by 5.2% on the previous month, with exports to European Union countries falling 6.2%, to the United States declining 10.9% and to China dropping 9.3%,…
FRANKFURT (Reuters) – German technology group Robert Bosch expects 6% to 9% revenue growth this year from 88.2 billion euros ($97.49 billion) in 2022 and an EBIT margin of 5%, up from 4.3% last year, it said on Thursday thanks to growth in both its cars and heating systems businesses. The transformation of energy systems…
By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a downturn in manufacturing, according to a survey that also showed inflation was at its lowest in over two years. HCOB’s Composite Purchasing Managers’ Index (PMI), seen as…
