EUROPE

Asia stocks struggle after dire China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar …

Asia stocks struggle after dire China data Read More »

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for …

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play Read More »

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on …

Stocks in a tailspin, dollar soars as hard landing fears grow Read More »

US, Western Europe fret over uncertain Ukraine war endgame

WASHINGTON (AP) — An endless and unwinnable war in Europe? That’s what NATO leaders fear and are bracing for as Russia’s war in Ukraine grinds into its third month with little sign of a decisive military victory for either side and no resolution in sight. The possibility of a stalemate is fueling concerns that Ukraine …

US, Western Europe fret over uncertain Ukraine war endgame Read More »

Toyota warns profit to skid 20% as raw materials costs piled up

Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both well below analyst estimates ‘Unprecedented increases’ in materials, logistics costs ‘We need to work with suppliers to cut costs’ – CFO TOKYO, May 11 (Reuters) …

Toyota warns profit to skid 20% as raw materials costs piled up Read More »

Why US gas prices are at a record and why they’ll stay high for a long time

New York CNN Business — Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already …

Why US gas prices are at a record and why they’ll stay high for a long time Read More »

5 things to know for May 11: Ukraine, Primaries, Gas Prices, Sri Lanka, Elon Musk

CNN — After an 11-day manhunt, an inmate who escaped an Alabama jail has been captured and is back behind bars. The corrections officer he fled with – whom authorities believe he had a romantic relationship with – died of an apparent self-inflicted gunshot wound. And this isn’t the first jail love story we’ve seen …

5 things to know for May 11: Ukraine, Primaries, Gas Prices, Sri Lanka, Elon Musk Read More »

Ukrainians stop Russian gas at one hub, make gains in east

ZAPORIZHZHIA, Ukraine (AP) — Ukraine stopped the flow of Russian natural gas on Wednesday through a hub that feeds European homes and stoves, while Kyiv’s military claimed it made some gains in grinding battles near a key northeastern city. In 11 weeks, the war has played out on battlefields in Ukrainian towns and cities but …

Ukrainians stop Russian gas at one hub, make gains in east Read More »

Live updates | Pipeline operator stops gas in 1 Ukraine hub

Ukraine’s natural gas pipeline operator has stopped Russian shipments through a key hub in the east of the country. Wednesday’s move was the first time natural gas supply has been affected by the war that began in February. It may force Russia to shift flows of its gas through territory controlled by Ukraine to reach …

Live updates | Pipeline operator stops gas in 1 Ukraine hub Read More »