MADRID (Reuters) – Activity in Spain’s services sector bounced back in February from a brief contraction in January, when restrictions on travelling and socializing were reimposed to curb the Omicron variant of COVID-19, a survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) of services companies, which account for around half Spain’s economic output,…
LONDON (Reuters) – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following its invasion of Ukraine would have only a minor impact on its business. “We are actively engaging with regulators and authorities on all relevant sanctions and taking appropriate actions. LSEG’s operations in Russia and Ukraine account for…
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc on Thursday proposed a dialogue with its warring partner Future Group to end legal battles over a contractual dispute that has soured relations between the two sides. Amazon’s counsel Gopal Subramanium made the proposal during a hearing before India’s Supreme Court, where he…
By Leika Kihara TOKYO (Reuters) – The crisis in Ukraine could hurt Japan’s economy by driving up the price households and companies pay for fuel and commodities, a central bank policymaker said on Thursday, signaling the need to maintain massive stimulus to support a fragile recovery. Japan’s consumer inflation could briefly approach the central bank’s…
By Simon Jessop, Tommy Wilkes and Elizabeth Howcroft LONDON (Reuters) – Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need to assess whether they have a credible plan for the transition to a low-carbon economy. The new data, provided to Reuters, underscores…
TOKYO (Reuters) -Japan’s services sector activity shrank in February at the quickest pace in nearly two years, a survey showed on Thursday, as business took a hit from struggling consumer sentiment after a record spike in infections of the Omicron coronavirus variant. The activity contraction highlights the challenge Japanese policymakers face in stimulating consumer spending…
TOKYO (Reuters) -A Tokyo court on Thursday handed Nissan Motor executive Greg Kelly a sixth month suspended sentence for helping Carlos Ghosn hide pay from financial regulators, paving the way for the American lawyer to return home after more than three years in Japan. “The court finds the existence of unpaid remuneration” and the failure…
By Florence Tan SINGAPORE (Reuters) -Oil prices extended their rally on Thursday, with Brent rising above $118 a barrel as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries, while U.S. crude stocks fell to multi-year lows. Brent crude futures rose as high as $118.22 a barrel, the highest…
By Byron Kaye SYDNEY (Reuters) – Credit Suisse Group AG joined creditors of Greensill Capital by filing lawsuits in Australia seeking compensation from the country’s biggest insurer over the supply chain financier’s collapse, court filings showed. Local media put the total claims at A$300 million ($219 million). Insurance Australia Group Ltd (IAG) was previously named…
(Reuters) -Spotify said on Wednesday it has closed its office in Russia indefinitely in response to what the audio streaming platform described as Moscow’s “unprovoked attack on Ukraine.” Since July 2021, Russian legislation signed by President Vladimir Putin has obliged foreign social media companies with more than 500,000 daily users to open local offices or…
