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(Reuters) – The Russian central bank hopes authorities will make a decision on reintroducing the country’s “budget rule” in the near future, Deputy Governor Alexei Zabotkin said on Friday. The budget, or fiscal, rule, which caps Russia’s budget spending, linking it to its non-oil and gas revenues and channels extra oil and gas revenues into …

Russia cenbank hopes for quick decision on restoring ‘budget rule’ Read More »

(Reuters) -European stocks edged higher on Friday, but were set for sharp weekly losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. The pan-European STOXX 600 index rose 0.8% in volatile trade, but was still set for a 4% weekly decline in what could be …

European shares steady at the end of brutal week Read More »

By Fernando Kallas BARCELONA (Reuters) -Barcelona approved on Thursday the sale of a minority share of their licensing and merchandising division and the cession of up to 25% of income from their LaLiga TV rights in a bid to improve their financial situation. The club board hopes this will enable them to finish the financial …

Soccer-Barcelona approve selling 25% of TV rights and 49.9% of retail arm Read More »

(Reuters) – Kamaz, Russia’s largest truckmaker, sees its exports stagnating at last year’s levels or falling slightly as clients shy away from settling payments with the firm after it was hit by Western sanctions, its chief executive said on Thursday. Under EU and UK sanctions as part of Western sanctions over Russia’s military intervention in …

Russian truckmaker Kamaz struggles to settle payments due to sanctions, CEO says Read More »

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG’s top U.S. executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues. Scott Keogh, chief executive of Volkswagen Group of America, told an …

VW U.S. chief warns of industry challenges with EV battery shift Read More »

By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) -Airlines expect the end of COVID testing requirements in North America to accelerate a rebound in transatlantic traffic – but soaring fares due to surging fuel costs and staffing shortages may slam the brakes on rising demand in the world’s largest international travel market. A U.S. …

Analysis-Air fares and staff gaps cast a shadow on transatlantic travel rebound Read More »

LONDON (Reuters) – The European Union will keep all options on the table in terms of its response to Britain’s move to override some post-Brexit rules for Northern Ireland, Maros Sefcovic said on Thursday, when asked about the possibility of a trade war. The EU launched new legal proceedings against Britain on Wednesday after London …

UK-EU trade war? Sefcovic says all options are on the table Read More »

By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed’s hefty three-quarters-of-a-point rate hike this week show. The last time they were this worried they could …

Analysis-Blown off course again, Fed policymakers see near-record uncertainty Read More »

By Francesco Guarascio LUXEMBOURG (Reuters) -The head of the European Central Bank briefed euro zone finance ministers on Thursday on a planned tool to fight high spreads between bond yields of the bloc’s nations, but remained vague about how and when the new scheme may kick in, sources said. The ECB had committed on Wednesday …

ECB’s Lagarde vague on when, how anti-spread tool may kick in -sources Read More »