Author Archives: Syndicated Content
Renault sells stake in Russia’s Avtovaz, with buyback option
(Reuters) -Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on Monday, adding that the deal included a six-year option to buy back the ...
May 16, 2022
Supply woes, easing of China’s COVID curbs lift Dalian iron ore
By Enrico Dela Cruz (Reuters) - Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-1...
May 16, 2022
Valneva informed by EU it plans to drop COVID vaccine deal
(Reuters) -Valneva on Monday warned it may have to reassess its financial guidance after the European Commission informed the company of its intent to terminate an advance purchase agreement ("APA") f...
May 16, 2022
Casino says it plans to sell renewable energy unit
PARIS (Reuters) -French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end of the year. On Fr...
May 16, 2022
Nakaso, candidate to head BOJ, calls for faster green growth strategy
By Leika Kihara and Takahiko Wada TOKYO (Reuters) - Japan needs a faster "third arrow" growth strategy focussing on promoting a carbon-neutral society, including by creating a financial hub in Tokyo f...
May 16, 2022
Factbox-Latest on the worldwide spread of the coronavirus
(Reuters) - Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp sl...
May 16, 2022
Surging natural gas prices squeeze U.S. industrial sector
By Marcy de Luna and Bianca Flowers HOUSTON/CHICAGO (Reuters) - Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should...
May 16, 2022
Ryanair cautious about ‘fragile’ recovery after smaller annual loss
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -Ryanair said on Monday it was impossible to give a detailed forecast beyond hoping to return to "reasonable profitability" this year amid uncert...
May 16, 2022
Tesla delays plan to restore Shanghai plant output to pre-lockdown levels – memo
SHANGHAI (Reuters) - Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city's COVID-19 lockdown by at least a week, according to an internal memo seen by Re...
May 16, 2022
FTX chief says Bitcoin has no future as a payments network – Financial Times
(Reuters) - Cryptocurrency exchange FTX's founder has said that Bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the F...
May 16, 2022
