News

Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave

Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave

MOSCOW (Reuters) – Russian drinks producer Ochakovo on Thursday said it had increased the annual bottling capacity of its CoolCo..

Britain to receive rare LNG cargo from Australia, Oman

Britain to receive rare LNG cargo from Australia, Oman

By Marwa Rashad LONDON (Reuters) -Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and ..

Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up

Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up

BRUSSELS (Reuters) – Euro zone inflation reached a new record high of 8.9% year-on-year in July, the EU’s statistics offic..

German heat pump bonanza test industry’s resilience in Russian gas crunch

German heat pump bonanza test industry’s resilience in Russian gas crunch

By Thomas Escritt HOLZMINDEN, Germany (Reuters) – In a way, Stiebel Eltron has never had it so good. The heating manufacturer’..

Norway and New Zealand deliver latest big rate hikes

Norway and New Zealand deliver latest big rate hikes

LONDON (Reuters) -The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled furt..

Bank of England sets out plans to sell $23 billion corporate bond stockpile

Bank of England sets out plans to sell $23 billion corporate bond stockpile

By David Milliken LONDON (Reuters) – The Bank of England set out plans on Thursday to auction off around 200 million pounds ($24..

Poland’s PGNiG in talks to get more gas from Norway through new Baltic Pipe

Poland’s PGNiG in talks to get more gas from Norway through new Baltic Pipe

WARSAW/GDANSK (Reuters) -Poland’s PGNiG is in advanced talks to source more gas from Norway through the new Baltic Pipe linking ..

Exclusive-China regulator launches new probe into banks’ property loan exposure – sources

Exclusive-China regulator launches new probe into banks’ property loan exposure – sources

By Engen Tham and Ziyi Tang SHANGHAI/BEIJING (Reuters) -China’s banking regulator is scrutinising property loan portfolios of so..

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

By Elizabeth Howcroft LONDON (Reuters) -Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting fir..

Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

By Tommy Wilkes LONDON (Reuters) -European stocks reversed early losses on Thursday as investors remained bullish even after Federal R..

Yangtze tributary runs dry as China faces another month of drought

Yangtze tributary runs dry as China faces another month of drought

By Thomas Suen and David Stanway CHONGQING/SHANGHAI (Reuters) -Residents living near a tributary of the Yangtze river in the southwest..

Analysis-U.S. retail traders pile back into options as meme-stock mania flares

Analysis-U.S. retail traders pile back into options as meme-stock mania flares

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculative options trading is on the rise again among individual investors alongside ..

UK budget think tank warns future PM against big tax cuts

UK budget think tank warns future PM against big tax cuts

By David Milliken LONDON (Reuters) – Britain’s next prime minister will not have room to make large, permanent tax cuts, t..

European shares up on energy boost, but inflation caps gains

European shares up on energy boost, but inflation caps gains

By Anisha Sircar and Shreyashi Sanyal (Reuters) -European shares rose on Thursday with a boost from oil stocks, but lagged other major..

India eases Russian oil buying in July, boosts Saudi imports -trade

India eases Russian oil buying in July, boosts Saudi imports -trade

By Nidhi Verma NEW DELHI (Reuters) – India’s crude oil imports from Russia in July fell for the first time since March alo..

Russian Urals crude oil prices jump ahead of EU embargo

Russian Urals crude oil prices jump ahead of EU embargo

By Julia Payne LONDON (Reuters) – Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since..

China’s Tencent reports first revenue drop as gaming regulations and COVID-19 bite

China’s Tencent reports first revenue drop as gaming regulations and COVID-19 bite

By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings suffered its first ever quarterly sales fall on Wednesday, hurt by a go..

Spot prices up on less solar, rising French demand

Spot prices up on less solar, rising French demand

PARIS (Reuters) – European spot power contracts rose on Wednesday, as solar supply in Germany is expected to fall while demand i..

Norway’s wealth fund loses record $174 billion in first half of 2022

Norway’s wealth fund loses record $174 billion in first half of 2022

By Victoria Klesty OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillio..

Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

By Kevin Yao BEIJING (Reuters) – China’s central bank is set to take more easing steps, pressured by a shaky economy that ..

European bourses steady as focus remains on key economic data

European bourses steady as focus remains on key economic data

By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors ey..

FTSE 100 subdued as UK inflation hits double digits

FTSE 100 subdued as UK inflation hits double digits

By Sruthi Shankar and Johann M Cherian (Reuters) -UK’s FTSE 100 was muted on Wednesday after data showed inflation hit double di..

UK sees biggest rise in foreign workers since COVID-19 pandemic

UK sees biggest rise in foreign workers since COVID-19 pandemic

By David Milliken LONDON (Reuters) – Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandem..

UK to offer COVID booster to all adults from September

UK to offer COVID booster to all adults from September

By Natalie Grover LONDON (Reuters) -All adults in the United Kingdom will be offered a COVID-19 booster starting from September, healt..

Factbox-Europe’s efforts to shield households from soaring energy costs

Factbox-Europe’s efforts to shield households from soaring energy costs

By Bozorgmehr Sharafedin (Reuters) – Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in ..

Stocks, U.S. dollar gain despite surprise weak China data

Stocks, U.S. dollar gain despite surprise weak China data

By Chibuike Oguh New York (Reuters) – Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected econom..

UK first to approve Omicron COVID shot with Moderna nod

UK first to approve Omicron COVID shot with Moderna nod

By Natalie Grover LONDON (Reuters) -Britain, the first country to approve a coronavirus vaccine in late 2020, has now also given the f..

Explainer-Why Europe faces climbing energy bills

Explainer-Why Europe faces climbing energy bills

By Nina Chestney A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this ye..

Stocks struggle as China rate cut sends oil tumbling

Stocks struggle as China rate cut sends oil tumbling

By Huw Jones LONDON (Reuters) – Global shares struggled to advance on Monday while investors digested news of an unexpected cut ..

Rouble falls past 61 vs dollar as conversion of depository receipts begins

Rouble falls past 61 vs dollar as conversion of depository receipts begins

MOSCOW (Reuters) -The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to loc..

Biotech stocks pin bounce back hopes on M&A boost

Biotech stocks pin bounce back hopes on M&A boost

By Amruta Khandekar and Leroy Leo (Reuters) – Plunging valuations have made biotech companies tempting acquisition targets for c..

Automakers scramble to decode new U.S. EV tax credits

Automakers scramble to decode new U.S. EV tax credits

By David Shepardson and Joseph White WASHINGTON (Reuters) – U.S. automakers and dealers are scrambling to figure out if they can..

U.S. inflation outlook brightens as import prices fall, consumer sentiment rises

U.S. inflation outlook brightens as import prices fall, consumer sentiment rises

(Reuters) – U.S. import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and non..

Walmart’s long-lasting challenge: luring budget shoppers back to its stores

Walmart’s long-lasting challenge: luring budget shoppers back to its stores

By Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted ..

Stocks climb, yields fall with dollar on inflation data

Stocks climb, yields fall with dollar on inflation data

By Sinéad Carew NEW YORK (Reuters) – Wall Street equities rallied and Treasury yields plunged after signs of sharply deceleratin..

Biden signs bill to boost U.S. chips, compete with China

Biden signs bill to boost U.S. chips, compete with China

By David Shepardson and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billio..

Russia puts Iranian satellite into orbit

Russia puts Iranian satellite into orbit

MOSCOW (Reuters) -Russia launched an Iranian satellite into orbit on Tuesday from southern Kazakhstan, just three weeks after Presiden..