By Simon Jessop and Alun John LONDON (Reuters) – Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while floundering peace talks between Russia and Ukraine kept oil hovering near recent highs. Hawkish moves from the world’s top central banks as the Russian invasion of Ukraine pumped…
BEIJING (Reuters) -China’s overall trade with Russia rose over 12% in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and exports, as Beijing slammed Western sanctions on Russia following its invasion of Ukraine. Shipments to and from Russia increased 12.76% in March to $11.67 billion, Chinese…
(Reuters) -Britain’s GlaxoSmithKline has agreed to buy California-based biopharmaceutical company Sierra Oncology in a cash deal valued at $1.9 billion, the companies said on Wednesday, as it seeks to bolster its blood cancer business. Shareholders in Sierra, which focuses on targeted therapies for the treatment of rare forms of cancer, will receive $55 per share…
By Alun John HONG KONG (Reuters) – Asian shares and U.S. futures rose on Wednesday as U.S. inflation figures were not as high as markets had feared, causing U.S. yields to pause their march higher. Share market sentiment was capped, though by, higher oil and other commodity prices after Russian President Vladimir Putin said that…
BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter. Inbound shipments fell 0.1% from a year earlier in March, marking the first decline since August 2020,…
PARIS (Reuters) – Stellantis said on Wednesday it would sell its entire stake in an auto financing joint venture with Dongfeng to the Chinese car maker and consolidate its own financial services in China into a new structure it fully owns. “As we continue our push to drive profitable growth in China, we need to…
BEIJING (Reuters) -China increased its overall trade with Russia and war-hit Ukraine in the first quarter from a year earlier in yuan terms, and Beijing said economic cooperation with both countries would remain normal. Overall trade with Russia rose to 243.03 billion yuan ($38.18 billion) in January-March, Chinese customs spokesman Li Kuiwen said at a…
By Makiko Yamazaki TOKYO (Reuters) – Big Japanese firms including Sumitomo Mitsui Financial Group, Tokyo Electric Power (Tepco) and Mitsubishi Corp will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year. Five climate activist groups, including Japan’s Kiko Network and Australia’s Market Forces, said in a…
By Alun John HONG KONG (Reuters) – Asian shares rose on Wednesday boosted by U.S. inflation figures that fared better than markets’ worst expectations – and caused U.S. yields to pause their march higher – though Chinese shares remained pressured by COVID-19. Share market sentiment was also capped by gains in oil and other commodity…
By Ross Kerber (Reuters) – Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other leaders, citing concerns about the discretion used to award the pay and lack of disclosures. In a report provided by a representative, ISS…
