By Victoria Waldersee and Ilona Wissenbach BERLIN (Reuters) -Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines flexible in line with market demand. The carmaker foresees some of its production lines within factories switching fully…
By Elena Fabrichnaya MOSCOW (Reuters) – Russian ratings agency ACRA estimates that the country’s banks imported $5 billion worth of banknotes in foreign currencies in December, up from $2.65 billion a year before, in a pre-emptive step in case of sanctions creating increased demand. Dollars traditionally dominate such imports which, along with other currencies, many…
By Ron Bousso and David French LONDON (Reuters) – Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters. The U.S. company acquired the assets in the west African country as part of…
By Alexander Marrow MOSCOW (Reuters) – The rouble slid to a more than three-week low on Monday, erasing earlier gains in a volatile session, and Russian stocks plunged as Western fears of an imminent military action in Ukraine outweighed hopes that diplomatic efforts would yield results. The Kremlin said there were no concrete plans yet…
KUWAIT (Reuters) – Kuwait Airways has signed a $6 billion deal with Airbus, which includes the purchase of 31 new planes, Sky News Arabia said on Monday. Kuwait Airways has already paid for 40% of the deal’s value, Sky News Arabia added. (Reporting by Lina Najem; editing by Jason Neely)
NEW DELHI (Reuters) – State-run Life Insurance Corp. Of India (LIC), which is planning the country’s largest IPO next month, is well capitalised, the company’s chairman M.R Kumar said on Monday. Kumar said LIC’s potential investors should not worry about government control post the IPO as decisions in the country’s largest insurance company are taken…
By Noah Browning LONDON (Reuters) – Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude futures rose 25 cents, or 0.3%, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate…
BEIJING (Reuters) – China has placed U.S. companies Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over U.S. arms sales to Taiwan. The sanctions are countermeasures against the two companies over a $100 million Feb. 7 arms sale that “undermined China’s security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan…
ZURICH (Reuters) – Swiss banking supervisor FINMA is in contact with Credit Suisse over media reports by a network of investigative journalists detailing client data leaks, the watchdog said on Monday. “We are aware of the articles,” a spokesperson said by email in response to an inquiry, citing its practice not to comment on individual…
By Sonali Paul and Florence Tan MELBOURNE (Reuters) -Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures and U.S. West Texas Intermediate (WTI) crude rose more than $1 a barrel at…
