As Russia cuts gas, German industry grapples with painful choices
The German companies that drive Europe's biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable...
Chances of global recession nearing 50% -Citigroup
Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has...
Fed’s commitment to curbing inflation is ‘unconditional,’ Powell says
The Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional" but also comes with the risk of higher unemployment, U.S. central bank chief Jerome...
Stocks rise as yields hit two-week low; copper slumps
Stocks on global indexes rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at 16-month lows amid fears of...
Russian oil tankers get India safety cover via Dubai company
India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil...
EXCLUSIVE Nike to make full exit from Russia
Nike (NKE.N) is making a full exit from Russia three months after suspending its operations there, the U.S. sportswear maker told Reuters on Thursday, as the pace...
Russia sent dollar-Eurobond coupon payouts to NSD in roubles – Fin Ministry
The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds "in full" by sending 12.51 billion roubles...
Cisco, Nike quit Russia, as pace of Western firms leaving speeds up
U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) plan to fully exit Russia, the two firms told Reuters on Thursday, as the pace of Western firms departing accelerated. Telecoms...
EXCLUSIVE Argentina’s Bioceres to seek Australia approval to plant its GMO wheat next year, CEO says
Argentina's Bioceres Crop Solutions (BIOX.BA) plans to carry out field tests of its genetically modified drought resistant wheat in Australia and seek planting approvals next year, Chief...
French parties brush off Macron appeal to unblock parliament
French parties from left and right brushed off President Emmanuel Macron's appeal for help to overcome a hung parliament on Thursday, demanding he clarify what...