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Russia’s Economy In May Fell 4.3% Year On Year.
Russia's economy shrank by 4.3% in May year on year after falling by a revised 2.8% in April; the economy ministry…
French Inflation In June Hit Record High Of 6.5% – Preliminary Figures.
French inflation climbed further from the previous month to a record high of 6.5%, according to official…
GSMA Says Google, Facebook, Others Are Squeezing Telcos’ Revenue
The global body of mobile network operators, GSM Association (GSMA), has said that online service providers such…
Asian Stocks Lose Bounce From Shorter China quarantine, Slip On Inflation Fears
Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over…
Elon Musk Hits Over 100 Million Followers On Twitter
Elon Musk just passed the 100 million follower mark on Twitter. This made him the sixth user on the platform to…
U.S. FTC Sues Walmart For Allegedly Allowing Money Transfer Services For Fraud
The U.S. Federal Trade Commission it sued Walmart Inc (WMT.N), alleging the company had done too little to prevent…
Rouble Firms Past 52 Against Dollar For First Time Since May 2015
The rouble rallied past 52 against the dollar to a more than a seven-year high on Tuesday as capital controls.…
Dollar Falters As U.S. Yields Retreat Amid Recession Risks
The dollar slipped against most major peers as a decline in U.S. yields took some of the sheens off the currency.…
S.Korea’s LGES Reviews $1.3 Bln Arizona Battery Investment As U.S. Inflation…
South Korean battery maker LG Energy Solution Ltd (LGES), a major supplier to U.S. carmakers, including Tesla…
Aeromexico Shareholders Back Mexico Stock Exchange Exit In Bankruptcy…
Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock…
Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones
Tesla (TSLA.O) has shuttered its office in San Mateo, California, and laid off roughly 200 employees. Especially…
S.Korea Export Growth Seen Rebounding In May; Inflation Tops 5%
South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red,…
Teetering On Default, Russia Misses $1.9 Mln Payment, Committee Determines.
Russia's failure to pay $1.9million in accrued interest on a dollar bond will trigger payouts potentially worth…
Britons Seek Cheaper Grocery Options As Inflation Bites – NielsenIQ
Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a…
In Historic Shift, Toshiba Board Gains Two Directors From Activist Hedge Funds.
Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual…
Nissan Shareholders Reject Proposal To Designate Renault As Parent.
Japan's Nissan Motor Co Ltd (7201.T) on Tuesday rejected a shareholder proposal at its annual general meeting…
Stocks Swing Higher As China Eases Quarantine Rules.
Asian shares swung into positive territory in afternoon trade, propelled by China's decision to ease some…
China Vows Timely Policy Measures To Cope With Economic Risks.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges; as COVID-19…
Ericsson’s $6.2 Bln Vonage Takeover Delayed Over U.S. Review
Ericsson (ERICb.ST) said the closing of its $6.2 billion Vonage acquisition was delayed to the end of July. From…
Elevator Maker Kone Divests Russia Business.
Finnish elevator maker Kone (KNEBV.HE) said it will sell its business in Russia to local management for an…
Column: Hedge Funds Turn Tail As Commodities Crumble On Recession Rumble: McGeever
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of…
Boost For Luxury London Property Prices As Russians Locked In.
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that could…
Credit Suisse Faces Verdict In Cocaine-Cash Trial
Swiss judges will rule on Monday whether Credit Suisse (CSGN.S) failed to prevent money laundering. Which linked…
Ireland’s PTSB May Absorb Initial ECB Rate Hikes, CEO Says
Ireland's Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes.…
G7 To Announce Ban On Import Of New Russian Gold U.S. Official Says
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday; as part of ongoing…
JP Morgan Sees Portfolio Rebalancing Lifting U.S. Stocks 7% Next Week
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half…
China Proposes Rules To Regulate Private Pension Investment Via Mutual Funds.
China's securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the…
Banks Rally After Stress Test, Bank of America Underperforms
Shares in the biggest U.S. banks rallied after they passed the Federal Reserve's annual health check; but Bank of…
Barclays Strikes $2.8 Billion Deal To Buy Mortgage Lender Kensington
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion). This is to buy specialist…