By Tom Sims, Carolyn Cohn and Jesús Aguado LONDON (Reuters) – Deutsche Bank said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks which are severing ties with the country over its invasion of Ukraine. Banks and asset managers have joined many other Western companies in pulling…
TOKYO (Reuters) -Uniqlo owner Fast Retailing Co and Japan Tobacco Inc on Thursday said they would suspend some operations in Russia, in a U-turn by the Japanese consumer giants which had indicated they would stay in the market after Moscow’s invasion of Ukraine. The two companies were notable stand outs among major brands, saying they…
By Howard Schneider, Balazs Koranyi and Leika Kihara (Reuters) -The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify as prices soar across the board, from fuel to food. While Europe may be…
STOCKHOLM (Reuters) – Volvo Cars will establish a tech hub in the Swedish capital of Stockholm it said on Friday, as it seeks to reach its goal to sell at least half of its cars online. The Gothenburg-based automaker said over 700 employees skilled in areas such as software engineering, data science and analytics, would…
TOKYO (Reuters) – One of Toshiba Corp’s largest shareholders on Friday called on it to solicit buy-out offers, joining a chorus of investors who have opposed the Japanese conglomerate’s plan to break itself up. U.S. hedge fund Farallon Capital Management, Toshiba’s third-largest shareholder with a stake of more than 6%, said in a statement it…
By Guy Faulconbridge LONDON (Reuters) – Confiscating the assets of companies that have fled Russia after the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin said. Potanin, the biggest shareholder in Norilsk Nickel, the world’s largest producer…
By Paul Carrel BERN (Reuters) – While the rest of Europe grapples with surging prices, in Switzerland inflation is so tame that some key costs are actually falling. The price of healthcare – a big chunk of Swiss household budgets – dropped by 0.5% on the year in February, when overall inflation hit 2.2%. That…
By Guy Faulconbridge LONDON (Reuters) – Confiscating the assets of companies that have fled Russia after the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin said. Potanin, the biggest shareholder in Norilsk Nickel, the world’s largest producer…
(This March 10 story corrects unit in paragraph 3 to 21.9 million tonnes (not 21.9 tonnes)) By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse set new targets on Thursday to nearly halve its exposure to the financing of emissions from oil, gas and coal between 2020 and 2030. Switzerland’s second-biggest bank reduced its exposure…
By Daniel Leussink TOKYO (Reuters) – Asian shares extended a global slump on Friday after the fastest U.S. inflation in four decades bolstered expectations for more aggressive rate hikes, and as Chinese equity markets slumped over regulatory concerns of U.S.-listed mainland firms. Sentiment also suffered on worries over Russia’s war against Ukraine, after talks between…
