By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -A U.S. lending program to stem deposit outflows in the wake of Silicon Valley Bank’s collapse gives the Federal Reserve scope to continue raising interest rates if needed to slow inflation without exacerbating losses on bonds held by banks. That said, Tuesday’s U.S. inflation news should not force the …
U.S. bank loan plan provides Fed rate hike path amid SVB fallout Read More »
By Arpan Chaturvedi and M. Sriram NEW DELHI (Reuters) -India will allow foreign law firms to set up offices to offer corporate law and M&A services to clients and hire local lawyers to beef up operations, in a major move seen as reshaping the landscape of a sector long dominated by local firms. The Bar …
India allows foreign law firms to set up offices, move seen as ‘game changer’ Read More »
By Tetsushi Kajimoto and Kiyoshi Takenaka TOKYO (Reuters) -Top Japanese companies agreed to their largest pay increases in a quarter century at annual labour talks that wrapped up on Wednesday, heeding, at least for now, Prime Minister Fumio Kishida’s call for higher wages to offset rising living costs. Worker pay has been a casualty of …
Japan’s workers get biggest pay rises in decades as inflation surges Read More »
LONDON (Reuters) – The cost of insuring exposure to European junk bonds hit its highest in three months on Wednesday, as shares in banking stocks plummeted following a 20% drop in embattled Swiss lender Credit Suisse. All major European credit default swap indices opened lower on Wednesday, reflecting a degree of stability in the market, …
European junk bond index hits three-month high; financials indices rise Read More »
Essen (Reuters) – Der Energiekonzern E.ON will auch nach der kompletten Abschreibung seiner Beteiligung an der leckgeschlagenen Ostsee-Gaspipeline Nord Stream 1 sich nicht völlig aus dem Projekt zurückziehen. “Wir nehmen weiterhin unsere Rechte als Minderheitsgesellschafter an der Betreibergesellschaft von Nord Stream 1 wahr”, sagte Finanzchef Marc Spieker am Mittwoch auf der Bilanzpressekonferenz. “Wir sehen nach …
E.ON – Nord-Stream-1-Röhren könnten vielleicht versiegelt werden Read More »
JOHANNESBURG (Reuters) – South African retail sales fell 0.8% year on year in January after falling by a revised 0.5% in December, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales increased 1.5%. Sales in the three months to the end of January were down 0.2% compared with the same period last …
South African retail sales fall 0.8% year on year in January Read More »
By Linda Pasquini and Andrey Sychev (Reuters) -Lanxess expects a slower first quarter than last year as high energy costs weigh, the German speciality chemicals maker said on Wednesday, although it pointed to a fairly solid U.S. market. The U.S. market for battery chemicals is picking up and has overtaken the European one, Chief Executive …
Lanxess sees bleak Q1, points to robust U.S. markets Read More »
By Simon Johnson STOCKHOLM (Reuters) -Broad inflation jumped in Sweden in February, data showed on Wednesday, putting pressure on the central bank to hike aggressively at its next meeting in April and to keep tightening policy in the months ahead. Annual headline inflation at 9.4% was in line with the Riksbank’s forecast in February, figures …
Swedish inflation soars in February, Riksbank under pressure Read More »
By Noah Browning LONDON (Reuters) – Global oil demand is edging up slowly but is set for a huge boost from resumed air travel and China’s economic reopening after COVID-19 curbs, the International Energy Agency said on Wednesday. Graphic: Demand/supply balance – https://fingfx.thomsonreuters.com/gfx/mkt/mypmobmeqpr/supplydemandmarch.JPG “Global oil demand growth started 2023 with a whimper but is projected …
China, air travel rebound set to supercharge oil demand -IEA Read More »
Frankfurt (Reuters) – Nach einem Ergebnissprung stellt Lanxess-Chef Matthias Zachert die Aktionäre des Chemiekonzerns auf stärkeren Gegenwind ein und geht mit der deutschen Politik hart ins Gericht. “2023 wird ein hartes Jahr für die Chemie und auch für Lanxess”, sagte er am Mittwoch auf der Bilanzpressekonferenz in Köln. Vor allem im ersten Halbjahr mache sich …
Lanxess setzt auf Aufholjagd im zweiten Halbjahr Read More »
