By Maytaal Angel LONDON (Reuters) – Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation. Russia needed sugar imports this year after two successive shortfalls in…
LIMA (Reuters) – Peru’s inflation hit in March its highest level in more than two decades, the government said on Friday, driven by rising global fuel and food prices amid the conflict between Russia and Ukraine. The Andean country’s consumer prices rose 1.48% last month, the highest since the 1.53% seen in February 1996, according…
By Yoruk Bahceli (Reuters) – Companies raced to bond markets last month, undeterred by the Ukraine war as they tried to lock in relatively cheap borrowing, though the March rush did not prevent first-quarter sales in the euro market from slumping to a four-year low. Bond markets globally endured immense volatility in the January-March quarter,…
By Jesús Aguado MADRID (Reuters) -The chairman of Spanish bank Santander on Friday called for the European Union to define what kind of lending is considered consistent with a net zero energy policy, to help hasten moves to reduce dependence on Russian oil and gas. The EU, which was already targeting a shift towards green…
By Doyinsola Oladipo and Nivedita Balu (Reuters) – Organized labor supporters at an Amazon.com facility in New York City’s Staten Island held the lead in a contest to form a union as U.S. regulators continued to tally votes on Friday. When voting concluded for the day on Thursday, those workers who favored establishing the Amazon…
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – Wall Street was set to open higher on Friday, as U.S. jobs grew lesser than expected in March but unemployment rate fell to a new two-year low, underscoring solid momentum in the economy. Futures pared gains but stayed in the positive territory after the Labor Department’s…
MILAN (Reuters) – French luxury goods group Kering agreed to pay almost 187 million euros ($207 million) to settle a dispute with Italian tax authorities centred on its fashion brand Bottega Veneta, three sources with direct knowledge of the matter said on Friday. In a statement, the Milan prosecutor referred to a tax investigation into…
By Joseph White DETROIT (Reuters) – Major automakers are expected to report on Friday that first-quarter U.S. car and light truck sales fell sharply compared to a year ago, with more uncertainty ahead because of parts shortages, high fuel prices and rising interest rates. J.D. Power and LMC Automotive forecast that January-March U.S. car and…
By Emma-Victoria Farr LONDON (Reuters) – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters on Friday. According to a report by Bloomberg, Permira and CVC are also interested in a 40.55% stake held by company founder Hermann Leistner…
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply. Consumer price growth in the 19 countries sharing the euro accelerated…
