Author Archives: Syndicated Content
India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal
BENGALURU (Reuters) - Shares of India's Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local ...
Jun 28, 2022
Presence of Russia in North Africa is increasing, Spanish Foreign Minister says
MADRID (Reuters) - The presence of Russia in countries of North Africa is increasing, Spanish Foreign Minister Jose Manuel Albares said on Tuesday. "There is a growing Russian presence in Africa, in N...
Jun 28, 2022
Factbox-What’s changed – or stayed the same – since Hong Kong returned to China
By Jessie Pang HONG KONG (Reuters) - Hong Kong returned to China in 1997 after 156 years of British colonial rule. China promised the city wide-ranging freedoms denied to those in mainland China for 5...
Jun 28, 2022
G7 to agree tough line on China market abuse – U.S. official
GARMISCH-PARTENKIRCHEN, Germany (Reuters) - The Group of Seven leading industrialised democracies have agreed to develop a coordinated approach to remedying China's "non-market" international trade pr...
Jun 28, 2022
Spain’s Santander hires Credit Suisse, Goldman to look at Citibanamex bid – source
MADRID (Reuters) - Spain's Santander has hired Credit Suisse and Goldman Sachs to potentially consider a bid for the Citibanamex, Citigroup's retail bank in Mexico, a source familiar with the process ...
Jun 28, 2022
Commodity stocks lead European shares higher on China COVID relief
(Reuters) - European shares rose on Tuesday, led by gains in commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, while investors awaited ECB President Christine...
Jun 28, 2022
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA (Reuters) - Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian governmen...
Jun 28, 2022
China’s heatwaves drive power consumption to record highs
BEIJING (Reuters) - Power consumption in several Chinese regions rose to record highs over the weekend, as persisting heatwaves spurred the use of air conditioners to help people cool off. Monitoring ...
Jun 28, 2022
Michelin to transfer its Russian activities to local management
(Reuters) - Michelin intends to transfer its activities in Russia to local management by the end of the year, the French tire maker said on Tuesday. "Michelin now confirms that it is technically impos...
Jun 28, 2022
Marketmind: The Sintra stage
A look at the day ahead in markets from Sujata Rao The Portuguese village of Sintra has been the scene of momentous speeches by European Central Bank policymakers. They include Mario Draghi's hawkish ...
Jun 28, 2022
