Tag: Currencies

Zurich Insurance (SIX:ZURN) has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurance became the latest company to announce its exit from the Russian market.A slew of companies — from McDonalds (NY…

China’s commercial hub of Shanghai reported on Friday a broad decline in its economy last month when a city-wide COVID lockdown shut factories and kept residents at home, sparking concerns among foreign firms over their presence in the country. Outp…

The Indonesian rupiah firmed on Friday after the government said it would lift an export ban on palm oil, while equities in Asia advanced after China cut a key lending rate to support the slowing economy.Equities in Seoul (KRX:KOSPI) rose around 1.8%, …

China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters’ calculations based on official Chinese customs data.Saudi shipments amounted to 8…

China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters’ calculations based on official Chinese customs data.Saudi shipments amounted to 8…

China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive credit demand to prop up the economy.Senior officials have pledged further measures to fight a slowdown i…

Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labour unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners’ Association (NSA) and …

SWK Holdings (NASDAQ:SWKH) said Thursday it filed a universal shelf registration statement covering the sale of up to $200 million of its securities from time to time. The life-sciences focused specialty finance company is considering issuing senior an…

Natural Gas Services Group (NYSE:NGS) said Stephen Taylor entered into a negotiated retirement agreement and then resigned as the company’s chief executive officer and president. Taylor will continue as chairman, a regulatory filing from the company sa…

US stocks closed in negative territory on Thursday after a choppy trading session, adding to losses from Wednesday when markets witnessed a sharp sell-off across major equity benchmarks. The Dow Jones Industrial Average fell by 0.8% to 31,253.13 while …

French utility EDF (EURONEXT:EDF) said on Thursday it was pushing back the start date on its Hinkley Point C nuclear reactor to June 2027 and now estimated project costs in the range of 25 billion to 26 billion pounds ($31 to $32 billion).”The start of…

Existing home sales dropped more than expected in April as high prices and mortgage rates continue to affect buyer activity even as supply improves, the National Association of Realtors said Thursday. Sales fell 2.4% last month from March to a seasonal…

British e-commerce company THG (LSE:THG) was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid. The nutrition, beauty and e-commerce pla…

Mercurity Fintech (NASDAQ:MFH) said it is no longer compliant with the Nasdaq listing rule relating to filing its Form 20-F for a period last year. If Nasdaq accepts the company’s plan to regain compliance, it will have until Oct. 28 to comply with the…

Shell (LSE:SHEL) and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation.Under the terms of a memora…

Shell (LSE:SHEL) and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation.Under the terms of a memora…

India is considering allowing traders to ship out some of their wheat sitting at ports after a sudden ban on exports of the grain prevented dealers from loading cargoes, trade and government sources said on Thursday.New Delhi banned wheat exports on Sa…

Russian fuel oil arrivals offshore Greece jumped to record levels in April, as sanctions on Moscow drive traders to find new ways to export Russian oil via ship-to-ship (STS) loadings, Refinitiv Eikon data showed and sources said.Trading Russian crude …

Siga Technologies Inc (NASDAQ:SIGA) has received requests for the use of its smallpox drug for treating monkeypox as cases spread in parts of Europe, its chief executive officer told Reuters on Thursday.”As you can imagine with the outbreak in Europe, …

The South African rand firmed further against the dollar on Thursday after the central bank hiked its prime lending rate (ZAREPO=ECI) by 50 basis points to 4.75%, its biggest hike in more than six years, in a move to reign in inflation.At 1410 GMT, the…

Online retail sales rose 2.4% in the US on a seasonally adjusted basis in Q1 after an increase of 1.6% in the prior quarter and were up 6.6% from a year earlier, the US Census Bureau reported. The year-over-year increase was much smaller than the 10.9%…

Alpine Acquisition Corporation and Two Bit Circus, Inc. said Thursday that they have entered into a definitive agreement for a merger in a $50 million all-stock transaction. Alpine also entered into a definitive agreement with affiliates of Atrium Hosp…

The US dollar was weaker against its major trading partners early Thursday ahead of a busy data schedule, with weekly initial jobless claims at 8:30 am ET and April existing home sales at 10:00 am ET among the key readings. Also scheduled for release o…

Aileron Therapeutics (NASDAQ:ALRN) said Thursday it enrolled the first patients in the phase 1b clinical trial to evaluate its ALRN-6924 product in the treatment of p53-mutated breast cancer. The product is designed to protect against chemotherapy-indu…

U.S. oil and gas company Centennial Resource Development Inc (NASDAQ:CDEV) said on Thursday it would merge with Colgate Energy Partners III LLC, creating a $7 billion Permian Basin focused firm.The combined company has current production of about 135,0…

The benchmark US stock measures were set to extend their losses on Thursday as futures slid pre-bell amid ongoing retailer weakness as major names in the group reported downbeat results. Standard & Poor’s 500 futures were down 1.1%, the Nasdaq was head…

Saudi Arabia led a decline in most Gulf stock markets on Thursday as investors fled riskier assets on worries about global inflation, China’s zero-COVID policy and the Ukraine war.The main stock index in Saudi Arabia (.TASI) dropped 2.7%, mirroring wea…

Indonesian lawmakers on Thursday requested that the government review an export ban on palm oil, as industry groups warned that one of the country’s leading economic contributors could grind to a halt in coming weeks as storage nears full capacity.Indo…

Indonesian lawmakers on Thursday requested that the government review an export ban on palm oil, as industry groups warned that one of the country’s leading economic contributors could grind to a halt in coming weeks as storage nears full capacity.Indo…

($1 = 128.1000 yen)($1 = 6.7623 yuan)

The Russian rouble firmed past 63 against the dollar on Thursday, propped up by capital controls as well as looming tax payments that usually require extra conversion of foreign currency to roubles to meet local liabilities.The rouble has become the be…

A sharp slowdown in China’s economy caused by its strict zero-COVID rules and Beijing’s shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment.While Chi…

A sharp slowdown in China’s economy caused by its strict zero-COVID rules and Beijing’s shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment.While Chi…

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it r…

The yuan eased against the dollar on Thursday as market sentiment soured after some major global investment banks cut their expectations for China’s economic growth.Concerns of a potential repeat of Shanghai-like lockdowns in other major Chinese cities…

The yuan eased against the dollar on Thursday as market sentiment soured after some major global investment banks cut their expectations for China’s economic growth.Concerns of a potential repeat of Shanghai-like lockdowns in other major Chinese cities…

TOKYO, May 19 (Reuters) – Japan’s benchmark Nikkei average opened down 1.77 percent at 26,435.32 on Thursday, while the broader Topix shed 1.80 percent at 1,850.82.

Japan’s core machinery orders rose 7.1% in March from the previous month, government data showed on Thursday, versus a 3.7% increase expected by economists in a Reuters poll.Compared with a year earlier, core orders, a highly volatile data series regar…

Canada’s Turquoise Hill Resources Ltd (TSX:TRQ) said on Wednesday Rio Tinto (ASX:RIO), (LSE:RIO) will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.Rio Tinto in Ma…

Retail car sales in China rose to 230,000 units during the period May 9 to 15, up 26% from the same period in April, data from China Passenger Car Association (CPCA) showed. During the first half of May, retail sales increased 27% from the same period …

French power giant EDF (EURONEXT:EDF) said on Thursday it estimated that outages at its nuclear power plants would have a negative impact of around 18.5 billion euros on the group’s core earnings this year, a greater impact than previously estimated.Th…

Arabica coffee futures on ICE fell more than 4% on Wednesday, having hit a 3-1/2 week high in the previous session, as investor fears over frost risk in top producer Brazil began to fade. Raw sugar also fell. COFFEE* July arabica coffee (KCc2) s…

Arabica coffee futures on ICE fell more than 4% on Wednesday, having hit a 3-1/2 week high in the previous session, as investor fears over frost risk in top producer Brazil began to fade. Raw sugar also fell. COFFEE* July arabica coffee (KCc2) s…

Rail traffic in the US fell 5.4% year-over-year in the seven days ended May 14, according to the Association of American Railroads. Volume totaled 505,120 carloads and intermodal units last week, the AAR said Wednesday. Carloads fell 5.2% from the same…

Rail traffic in the US fell 5.4% year-over-year in the seven days ended May 14, according to the Association of American Railroads. Volume totaled 505,120 carloads and intermodal units last week, the AAR said Wednesday. Carloads fell 5.2% from the same…

Most major digital assets fell as of Wednesday late afternoon, tracking the trend of US equity markets. Bitcoin (BITSTAMP:BTCUSD), the largest cryptocurrency by market value, dropped 2.2% in the past 24 hours to $29,102, according to data from CoinDesk…

Most major digital assets fell as of Wednesday late afternoon, tracking the trend of US equity markets. Bitcoin (BITSTAMP:BTCUSD), the largest cryptocurrency by market value, dropped 2.2% in the past 24 hours to $29,102, according to data from CoinDesk…

U.S. natural gas futures edged up about 1% on Wednesday to a fresh one-week high on a drop in daily output over the past few days and forecasts for more demand next week than previously expected.Traders noted prices were also supported by soaring power…

U.S. natural gas futures edged up about 1% on Wednesday to a fresh one-week high on a drop in daily output over the past few days and forecasts for more demand next week than previously expected.Traders noted prices were also supported by soaring power…

Spot basis bids for hard red winter wheat were unchanged at rail and truck market elevators across the southern U.S. Plains on Wednesday, grain dealers said.* Activity on the cash market was quiet, with a sharp decline in futures prices chilling grower…

Russia’s biggest mobile operator MTS (MOEX:MTSS) (MOEX:MTSS) on Wednesday reported a 76.2% year-on-year drop in first-quarter net profit to 3.9 billion roubles ($62.9 million), which it blamed in part on higher interest rates. MTS said in early March, …

BUCHAREST (Romania), May 18 (SeeNews) – Canada-based gas and oil producer Trillion Energy International said on Wednesday it has signed a contract to secure a jack-up rig from Romanian offshore construction services provider Grup Servicii Petroliere (G…

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 8.4 million barrels in the week ended May 13 following an increase of 1.5 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stoc…

HOUSE COOLING PARTY: HOUSING STARTS, BUILDING PERMITS, MORTGAGE DEMAND (1046 EDT/1446 GMT)Data released on Wednesday confirmed that the housing sector’s COVID-era block party is over, and market participants survey the detritus left in the wake of its …

The Czech government is in talks with majority state-owned CEZ (LUXSE:US157214AB31) about restructuring the utility, CEZ and the Finance Ministry said on Wednesday, after a previous government abandoned ideas to split up the company following an earlie…

WHY INVESTORS WILL CONTINUE TO SELL THE RALLIES (1010 GMT)The de-rating from post-Covid peaks has seen Europe’s PE ratio fall by over 30% but strength in earnings has provided a cushion, helping the region’s equities drop only 20% in price.But earnings…

China is set to receive close to two million barrels of Iranian oil this week and pump into a reserve base in south China, according to tanker tracker specialist Vortexa Analytics. Diona, a Very Large Crude Carrier owned by National Iranian Tanker Comp…

Tutor Perini (NYSE:TPC) said Wednesday it won a task order worth $85 million to provide design and construction services for the US Coast Guard’s family housing project in Kodiak, Alaska. The project involves the construction of 50 family housing units…

Lowe’s Cos Inc (NYSE:LOW) reported a bigger-than-expected drop in same-store sales on Wednesday, as demand eased for its home-improvement tools and building materials from pandemic highs.Americans hunkered down during the lockdowns engaged in more do-i…

Pub operator and brewer Marston’s (LSE:MARS) said on Wednesday it was cutting costs and switching up its pricing strategies to counter a surge in food and energy expenses brought by the Russia-Ukraine war and soaring inflation.The group, which operates…

Premier Foods (LSE:PFD), the maker of Mr Kipling cakes and OXO cubes, said on Wednesday it will raise prices of its products as part of plans to tackle rising input cost inflation, after reporting an annual profit that surpassed its forecast.The group,…

Commercial landlord British Land Company Plc (LSE:BLND) returned to annual profit on Wednesday, helped by a gradual recovery in occupancy at its office and retail spaces after the sector was battered due to the pandemic as people stayed at home. The Lo…

British luxury brand Burberry (LSE:BRBY) said its outlook for the year ahead depended on how quickly China, its biggest market, recovered from COVID-19 lockdowns, after meeting expectations for sales and operating profit for its 2022 financial year.The…

Stellantis (MIL:STLA) chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia. India, where Stellantis sells its Jee…

China’s new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more easing steps aimed at supporting demand.Average new home pric…

($1 = 129.2900 yen)($1 = 6.7337 yuan)

Australian wage growth rose to a three-year high last quarter as a tightening labour market and record vacancies drove competition for workers, yet that was still short of market forecasts and could lessen the need for aggressive rate hikes.Figures fro…

Australian wage growth rose to a three-year high last quarter as a tightening labour market and record vacancies drove competition for workers, yet that was still short of market forecasts and could lessen the need for aggressive rate hikes.Figures fro…

China’s new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more easing steps aimed at supporting demand.Average new home pric…

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U.S. Democratic Senator Joe Manchin, who on occasions votes against his party in the evenly split Senate, said on Tuesday he intends to support Michael Barr for Federal Reserve vice chair for supervision. In a statement, Manchin said he met with Barr l…

Justin Chimienti thought the Big Mac he bought at McDonald’s and the Bourbon Bacon Cheeseburger he bought at Wendy’s would be as big and juicy as advertised.He says they were not, and now he is suing the fast-food chains.Chimienti sued McDonald’s Corp …

Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the state’s anti-inflation measures.The …

US stocks rallied on Tuesday as April industrial production and retail sales grew more than expected, indicating strength of the economy. The Dow Jones Industrial Average was up 1.3% at 32,654.59, the S&P 500 rose 2% to 4,088.85, while the Nasdaq Compo…

Sudan’s annual inflation dropped to 220.71% in April from 263.16% in March, the statistics bureau said on Tuesday.

European wheat prices ended unchanged on Tuesday after sharp moves throughout the session with the market torn between India’s decision to clear some wheat exports after announcing a ban over the weekend, and ongoing concern over global supplies.Benchm…

European stocks ended an upbeat trading day in the green, closing in the positive territory for a third consecutive trading day, as unemployment figures in the region and Q1 eurozone GDP data were better than expected. The Stoxx Europe 600 was up 1.22%…

Canada’s Visionary Education Technology Holdings Group said on Tuesday it expects to boost tuition fees over the next few years largely from Chinese students and hopefully earn more revenue from helping them and their families emigrate to Canada.Canada…

US equity benchmarks rose while government bonds declined around midday on Tuesday after industrial production and retail sales grew by more than forecast in April. The Dow Jones Industrial Average rose by 0.9% to 32,502.2 after midday on Tuesday. The …

US stock futures were higher Tuesday, recovering from a weak start to the week, as traders looked ahead to a string of readings on the US economy including monthly retail sales data. Dow Jones Industrial Average futures rose 1.2%, S&P 500 futures incre…

Angola’s economy is set to grow 2.7% in 2022, compared to an earlier forecast of 2.4%, thanks to higher than expected oil prices, Finance Minister Vera Daves de Sousa said on Tuesday.The southern African country is still “working with” the oil price of…

Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday. The programme is intended to strengthen the cedi currency without increasing inflation, h…

Nurix Therapeutics (NASDAQ:NRIX) said Tuesday it has started dosing patients in a phase 1a/1b study to evaluate NX-5948, an anti-tumoral drug candidate, in adults with relapsed B-cell malignancies. The study aims to assess the safety and tolerability o…

Italy’s Eni (MIL:ENI) will take a decision over the issue of payment for Russian gas in the coming hours or days, the energy group’s Director of Public Affairs said on Tuesday. “We have been in very close contact with the EU Commission and Italian …

India’s wholesale prices accelerated at the fastest pace since at least April 2005, according to Refinitiv data, as the Ukraine war and a weak rupee pushed up energy and raw material costs for companies.Annual wholesale price inflation (INWPI=ECI), a p…

Elon Musk said on Tuesday his deal for Twitter Inc (NYSE:TWTR) will not move forward until the company’s chief executive officer publicly shows the proof that it has less than 5% spam accounts.

Russian oil and gas producer Gazprom Neft (MOEX:SIBN) will terminate its American depositary receipts (ADR) programme as of June 16, Bank of New York Mellon, an owner of the ADRs, said on Tuesday.President Vladimir Putin signed in April a bill requirin…

Central Europe’s economies roared ahead in the first quarter due partly to robust domestic demand, preliminary GDP data showed on Tuesday, but surging inflation and the impact of the Ukraine war are set to dampen growth later this year.While an outrigh…

Growth of the Dutch economy stalled in the first three months of 2022, as consumer and government spending dropped compared with the previous quarter, a first estimate released on Tuesday showed.First-quarter gross domestic product was unchanged from t…

The Australian and New Zealand dollars were trying to sustain a rally on Tuesday as speculators took some profits on short positions and Australia’s central bank signalled another rate hike was on the cards for June.The Aussie clambered up to $0.6996 (…

Japan’s Nikkei stock average inched higher on Tuesday after a roller coaster morning session, as optimism about COVID-19 lockdowns ending in major trade partner China was countered by the drag from some disappointing financial results.The Nikkei (TVC:N…

Malaysian palm oil futures resumed trading on Tuesday after a long weekend and tracked losses in rival edible oils, but the losses were limited by strong exports for the first half of May. The benchmark palm oil contract (FCPOc3) for August delivery on…

Its no wonder why Sezzle (ASX: SZL) shares are down almost -80% year-to-date after reporting abysmal revenue growth and widening losses.

Euro Manganese (ASX:EMN) demonstration plant live in Q3; company on “only” sizable EU resource

Mexican start-up Flink said on Monday that it will buy local brokerage Vifaru Casa de Bolsa for $25 million in a bid to give its clients wider investment options.The purchase, once approved by Mexico’s National Banking and Securities Commission, will a…

Life Insurance Corp is likely to see a lacklustre debut when it lists on Indian stock exchanges on Tuesday despite the $2.7 billion initial public offering being oversubscribed, analysts said.But volatility in global markets and selling pressure in the…

The premium on Canadian synthetic crude versus the West Texas Intermediate benchmark climbed on Monday, the final day of the trading window, while the discount on heavy crude held steady:* Western Canada Select heavy blend crude for June delivery in Ha…

The premium on Canadian synthetic crude versus the West Texas Intermediate benchmark climbed on Monday, the final day of the trading window, while the discount on heavy crude held steady:* Western Canada Select heavy blend crude for June delivery in Ha…

British power generator Drax (LSE:DRX) has applied to build a new 500 million pound ($613 million) underground pumped storage hydro power station at its existing Cruachan hydro plant in Scotland, the company said on Tuesday.Pumped hydro plants work by …

The U.S. dollar index was lower on Monday after hitting a 20-year peak last week, with the global economy in focus after weak economic data from China highlighted worries about the prospects for a global slowdown. Following the release of China’s data…

Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras’ (BMFBOVESPA:PETR3) profit policy, cutting the percentage distributed to shareholders, as he looks to curb fuel price hikes ahead of the country’s Oct…

U.S. Treasury yields eased on Monday, as mounting global growth concerns deepened after unexpectedly weak economic data from China and a steep drop in New York state’s factory activity.Since hitting its highest in roughly 3-1/2 years early last week, t…

U.S. Treasury yields eased on Monday, as mounting global growth concerns deepened after unexpectedly weak economic data from China and a steep drop in New York state’s factory activity.Since hitting its highest in roughly 3-1/2 years early last week, t…

Most major digital assets logged losses in the low to mid single-digit percentage range as of late Monday afternoon. Bitcoin (BITSTAMP:BTCUSD), the largest cryptocurrency by market value, was trading at $29,787, down 1.5% in the past 24 hours, accordin…

Bank of England Governor Andrew Bailey said on Monday he was “not at all happy” about the surge in inflation in Britain, but added that the central bank could not have done anything differently to prevent it.”I should emphasise that I do not feel at al…

BUCHAREST (Romania), May 16 (SeeNews) – Bucharest-listed wine maker Purcari Wineries [BVB:WINE] said on Monday its net profit rose 17% year-on-year in the first quarter of 2022 to 12 million lei ($2.5 million/ 2.4 million euro).
The company also record…

Rain in large parts of France overnight provided some relief but not enough for cereals suffering a prolonged drought, the head of the France’s largest farm union said on Monday. Dry weather in France, the European Union’s biggest grain producer, has a…

Rain in large parts of France overnight provided some relief but not enough for cereals suffering a prolonged drought, the head of the France’s largest farm union said on Monday. Dry weather in France, the European Union’s biggest grain producer, has a…

Italy’s biggest phone group Telecom Italia (TIM) has secured a green light from credit export agency SACE on state guarantees underpinning a bank credit line worth up to 3 billion euros ($3.1 billion), two sources close to the matter said on Monday.SAC…

Community Bank System (NYSE:CBU) said Monday that Community Bank’s acquisition of Elmira Savings Bank for about $82.8 million in cash has been completed on May 13. Under the deal, Elmira shareholders will receive $23.10 per share in cash for each commo…

Marcus & Millichap (NYSE:MMI) said late Friday that its subsidiary Institutional Property Advisors has sold a grocery-anchored shopping center in Fayetteville, North Carolina for $83 million. The 350,800-square-foot Freedom Town Center’s tenants includ…

Private equity firm Grey Rock Investment Partners will separate some of its oil and gas assets to form an independent company, which will go public through a $1.3 billion merger with a blank-check firm backed by former U.S. House Speaker Paul Ryan, the…

ZAGREB (Croatia), May 16 (SeeNews) – The European Commission on Monday said it expects Croatia’s gross domestic product (GDP) to expand by a real 3.4% this year, lowering its projection for a 4.8% growth made in February.
“After a strong rebound of the…

CoreCivic (NYSE:CXW) said its board approved a share repurchase program to buy back up to $150 million of its common stock. The program has no time limit and does not obligate the company to repurchase its common stock. The authorization may be termina…

Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the “Future of Finance”, the world’s largest cryptocurrency asset manager said in a statement on Monday.The ETF, tracking the “Bloomberg Grayscale Future of F…

Swiss bank Credit Suisse (SIX:CSGN) is close to a settlement with West Virginia Governor Jim Justice over the $690 million his mining company Bluestone Resources owes the bank’s clients, the Financial Times reported on Monday, citing sources.The Swiss …

Swiss bank Credit Suisse (SIX:CSGN) is close to a settlement with West Virginia Governor Jim Justice over the $690 million his mining company Bluestone Resources owes the bank’s clients, the Financial Times reported on Monday, citing sources.The Swiss …

Gains in banks and tech stocks helped Australian shares buck a wider gloom in equities on Monday to end the session higher, with logistics firm Brambles soaring on talks of a takeover.The S&P/ASX 200 index (.AXJO) rose about 0.3% to 7,093 at the close …

Japan’s Nikkei stock average gained for a second day on Monday, taking cues from previous session’s tech-driven rally on Wall Street, although gains were curbed as China’s economic data fuelled slowdown worries.The Nikkei (TVC:NI225) ended 0.45% higher…

China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume dropped from a record high set in March.The immediate outl…