(Reuters) – Global bond funds drew their first weekly inflow in about three months in the week ended March 30, as a dip in oil prices tempered some concerns over inflation during the week. According to Refinitiv Lipper, global bond funds received $3.5 billion in the week to March 30, their first weekly inflow since…
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set out to investigate how that came to be. The chip, which costs less than $2, was shipped in 2009 to a distributor in Asia,…
MILAN (Reuters) – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which was announced in November, allows the Italian bank to complete its exit from Turkey’s third-biggest lender, UniCredit said without disclosing financial terms of the…
By Shadia Nasralla LONDON (Reuters) -Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States. Brent crude futures were down 71 cents, or 0.7%, to $104.00 a barrel by 0952 GMT,…
(Reuters) – The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling close to 83 to the dollar, and Russian stocks edged higher, with investors eyeing events in Ukraine and an ongoing gas payments saga. At 0741 GMT, the rouble was 0.1% weaker against the dollar at 83.25,…
SHANGHAI (Reuters) – Chinese exports to Russia are slowing as the rouble swings in value, clear evidence of a ripple effect that Western sanctions over Russia’s invasion of Ukraine are having in China, even as it sticks by its neighbour diplomatically. Chinese multinationals have stayed in Russia while their Western rivals flee but it is…
SHANGHAI (Reuters) -More than half of U.S. multinational companies in China have reduced their annual revenue projections, mostly due to the recent COVID-19 outbreak in Shanghai, according to a survey by the American Chamber of Commerce in Shanghai published on Friday. Responses to the survey, conducted with 167 companies operating throughout China including 76 in…
(Reuters) – Sanofi expects to list its drug ingredients business EUROAPI on May 6, having received approval from French stock market regulator, the pharmaceutical giant said on Friday. The listing is set to take place shortly after a May 3 shareholder meeting, at which Sanofi’s stakeholders will vote on the listing. Sanofi said the new…
By Nick Carey LONDON (Reuters) – UPS said on Friday it was trying out a four-wheeled “eQuad” electric cargo bike for deliveries in densely packed urban areas, where bikes have better and easier access, to complement its push into electric vehicles. The package-delivery giant is trialing around 100 of the bikes, designed and built by…
By Devayani Sathyan and Vivek Mishra BENGALURU (Reuters) – Australia’s central bank will end its longest easing cycle on record by the end of the third quarter, according to a Reuters poll in which a growing minority of economists expected a rate hike just weeks after a federal election in May. When several of its…
