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By Byron Kaye SYDNEY (Reuters) -Australia’s housing market downturn is squeezing many home sellers into a double bind: They’ve taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage. And with prices …

Australia’s property downturn puts home buyers in double mortgage bind Read More »

NEW DELHI (Reuters) -Boeing Co expects the 737 MAX 7 will be certified by the end of the year and the larger MAX 10 in the first half of 2023, a company executive said on Thursday. The planemaker faces a year-end deadline from U.S. lawmakers for both or will need to meet new cockpit alerting …

Boeing expects MAX 7 to be certified before MAX 10 – executive Read More »

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Russian stocks eased after a Gazprom-led surge in the previous session to their highest in recent months, following the gas giant’s decision to recommended interim dividends, while the rouble hovered near 60 against the dollar …

Russian stocks ease from recent highs, rouble edges towards 60 vs dollar Read More »

By Dominique Vidalon PARIS (Reuters) -Pernod Ricard reported forecast-beating annual results on Thursday, helped by price increases as the French spirits group benefited, like its rival Diageo, from drinkers trading up to more expensive spirits. The owner of Mumm champagne, Absolut vodka and Martell cognac said that in an environment that remained volatile with high …

Pernod Ricard sees good start to Q1 after results beat forecast Read More »

By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help the business to restructure its debt in the wake of Russia’s invasion, he told Reuters on Wednesday. CEO Yuriy Vitrenko’s position came under scrutiny last month after the Ukraine government openly criticised …

Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal Read More »

By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on Wednesday. That could mean extending slightly a November deadline to complete drafts …

Global body urges EU to make company life simpler by aligning climate reporting Read More »

BUDAPEST (Reuters) – Price caps in Hungary will have to be phased out as they are more expensive to maintain as high prices become permanent, Minister for Economic Development Marton Nagy told Inforadio on Wednesday. Prime Minister Viktor Orban’s government caps fuel prices, energy bills and the prices of some basic foodstuffs, as well as …

Hungary’s price caps have to be phased out, minister says Read More »

By Stephen Nellis and Jane Lanhee Lee SAN FRANCISCO (Reuters) -Chip technology firm Arm Ltd, which is owned by Softbank Group Corp, said on Wednesday it has sued Qualcomm Inc and Qualcomm’s recently acquired chip design firm Nuvia Inc for breach of license agreements and trademark infringement. Arm is seeking an injunction that would require …

Chips tech firm Arm sues Qualcomm and Nuvia for breach of license and trademark Read More »