By Sinéad Carew NEW YORK (Reuters) -Investors around the world lost their appetite for risk shortly after the U.S. market open on Wednesday with stocks turning lower and oil prices rallying as Ukraine declared a state of emergency and investors worried about a bigger Russian invasion. Market’s have been volatile since President Vladimir Putin’s dispatch…
By Tommy Wilkes LONDON (Reuters) – Emerging market borrowing led by China inflated the global debt mountain to a record $303 trillion in 2021, although the global debt-to-GDP ratio improved as developed economies rebounded, the Institute of International Finance said on Wednesday. The $10 trillion rise in the global debt pile was down from the…
WASHINGTON (Reuters) – Governments across the world should beef up their insolvency systems and prepare to restructure or liquidate badly scarred firms as they withdraw massive support provided during the height of the COVID-19 crisis, the IMF said in a new blog. The International Monetary Fund said corporate debt reached $83 trillion, or 98% of…
WASHINGTON (Reuters) – U.S. regulators are warning that 5G wireless operations could affect radio altimeters in most Boeing 737 aircraft and impact crew workload and airplane landings, according to a government notice posted online on Wednesday. The Federal Aviation Administration’s directive affects Boeing’s 737s, except its 200 and 200-c series, the Federal Register notice said….
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) – Stellantis beat its profitability target in the first year following its creation from the merger of Fiat Chrysler and Peugeot maker PSA, boosting hopes the automaker can cope with rising raw material costs and a shortage of semiconductor chips. Milan-listed shares in the world’s No.4 carmaker…
By Victoria Waldersee BERLIN (Reuters) – Tesla may lose the water supply contract for its long-delayed German plant if environmental groups win a court case challenging a licence granted to its water supplier at a hearing next week. The Frankfurt Oder administrative court will hear on March 4 a complaint filed by local groups claiming…
By Rowena Edwards LONDON (Reuters) – Oil prices on Wednesday fell from seven-year highs hit the previous day after a first wave of U.S. and European sanctions on Russia appeared unlikely to disrupt oil supplies. Brent crude was down 27 cents, or 0.2%, to $96.57 a barrel at 1247 GMT, after hitting $99.50 on Tuesday,…
BRUSSELS (Reuters) – Amazon, Microsoft, other cloud services providers and data processing service providers will have to adopt safeguards to prevent non-EU governments gain illegal access to EU data, according to European Commission draft rules. The Data Act, published on Wednesday, lays out rights and obligations on the use of data from consumers and companies…
LONDON (Reuters) – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign office said on Wednesday. Britain is offering guarantees of Multilateral Development Bank lending for projects that will support economic stability and reforms such as…
By Nichola Groom (Reuters) – The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden,…
