|MUMBAI (Reuters) – Indian has restricted sugar exports for the first time in six years to prevent a surge in domestic prices and asked traders to secure permission for overseas sale of the sweetener from June 1 to Oct. 31, the government said in a notification
Industry
BELGRADE (Reuters) – Stellantis has offered some workers at its plant in Serbia a choice between moving abroad for two years to re-train in electric car production, or taking redundancy, it said on Tuesday.
Industry
European Central Bank President Christine Lagarde openly admitted for the first time what investors had already been betting on for a while: negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer.
NewsBy John McCrank NEW YORK (Reuters) – A U.S. appeals court on Tuesday said the Securities and Exchange Commission can proceed with its overhaul of the way essential stock market data is collected and disseminated, striking a blow to exchanges that earn revenue from the data
IndustryHAVANA (Reuters) – Cuban dissident leader Luis Manuel Otero Alcantara is slated to stand trial in a Cuban court at the end of May, activists said on social media this week, in a case that has attracted the attention of human rights groups who allege he
IndustryWASHINGTON (Reuters) – Stellantis NV and Samsung SDI said on Tuesday they will invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana as the Chrysler-parent ramps up electric vehicle production plans.
IndustryLONDON (Reuters) – Britain said on Tuesday it had agreed a new Strategic Investment Partnership with Qatar on Tuesday which will see the Gulf state invest up to 10 billion pounds ($12.5 billion) in the next five years.
IndustryWASHINGTON (Reuters) – Senators Maria Cantwell, chair of the Commerce Committee, and Chuck Grassley, the top Republican on the Judiciary Committee, introduced a bill on Tuesday that would give the U.S. Federal Trade Commission more power to rein in pharmacy benefit managers, which administer pharmaceutical plans,
Industry(Reuters) – Canada has purchased 20,000 artillery rounds of NATO standard ammunition for Ukraine to support it in its defense against Russias invasion, Defense Minister Anita Anand said on Tuesday.
IndustryMILAN (Reuters) – Italian transport caterer Autogrill is selling its operations in Russia, the company said in an answer to an investor question submitted ahead of Thursday‘s shareholders’ meeting.
IndustryBy Dmitry Zhdannikov and Divya Chowdhury
IndustryBy Valentina Za MILAN (Reuters) – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses.
Industry
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The Parisian CAC Index gapped higher Monday but then pulled back to find buyers underneath. By doing so, it suggests that the market is going to try to rally again, but there are plenty of reasons to believe that there is resistance above. After all, the CAC is sensitive to risk appetite, so you need to be cautious about what you do if you are trying to buy into this market. After all, the CAC is heavily influenced by luxury goods, something that does not go well in times of recession or global slowdown.
NewsBUDAPEST (Reuters) – Hungarys government declared a state of emergency due to the war in Ukraine from Wednesday, Prime Minister Viktor Orban said in a Facebook video, adding his cabinet needed room of manoeuvre to respond to challenges quickly.
IndustryPARIS (Reuters) – Frances largest poultry group LDC aims to more than treble its volumes of plant-based products by 2026 and is open to acquisitions in the sector as part of a plan to boost earnings by 40% in the next four years, it said on
Industry(Reuters) – Citigroup Inc is weighing a deal to buy Deutsche Bank AGs Mexican bank, Bloomberg Law reported on Tuesday, citing people familiar with the matter.
IndustryBy Jessica DiNapoli and Dan Burns DAVOS, Switzerland (Reuters) – A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said.
IndustryBy Erwin Seba (Reuters) -The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday.
IndustryBy Dmitry Zhdannikov DAVOS (Reuters) – Saudi Arabia‘s policy on fiscal sustainability would ensure that reserves do not fall below a certain percentage level of the country’s gross domestic product, its finance minister said.
Industry
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