MOSCOW (Reuters) -The Russian government said on Thursday that it had extended until April 30, 2026 a requirement for major exporters to sell a certain proportion of their foreign currency earnings. Major exporters must repatriate at least 40% of their foreign currency earnings and sell at least 90% of the repatriated earnings on the domestic …
Russia extends mandatory sale of forex revenue by exporting companies Read More »
By Helen Reid LONDON (Reuters) -Adidas and Puma are likely to hike prices for running shoes and sportswear in the United States, following Nike’s lead, analysts and investors said on Thursday, as U.S. tariffs on imports drive costs up for retailers. Nike on Wednesday said it would raise prices next week, charging up to $10 …
Adidas, Puma expected to hike sportswear prices following Nike as US tariffs hit Read More »
BRUSSELS (Reuters) – The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU’s collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc’s aim to achieve climate neutrality. The companies are required to participate to the …
EU asks 44 oil and gas producers to provide new CO2 storage solutions Read More »
(This story has been refiled to expand the company name of Rio Tinto in the headline) By Melanie Burton, Clara Denina MELBOURNE/LONDON (Reuters) -As Rio Tinto searches for a new CEO, the miner will cast a wide net due to a very short list of possible internal candidates, sources said, in contrast with laser-focused succession …
Rio Tinto hunts broadly for new CEO, in contrast with strong BHP bench Read More »
By America Hernandez PARIS -French oil major TotalEnergies has started up a cluster of five solar projects in Seville, Spain, in what will be the company’s largest solar project in Europe, it said on Thursday. It cements Total’s role as Spain’s fourth-largest provider of electricity and gas services, and contributes to Spain’s goal of …
TotalEnergies starts its largest European solar project Read More »
By Sruthi Shankar, Ragini Mathur and Purvi Agarwal (Reuters) -European stocks fell on Thursday as concerns over U.S. fiscal health kept Treasury yields elevated, while data showing weak euro zone business activity added to the gloom. The pan-European STOXX 600 index closed 0.6% lower, logging its biggest single-day fall since early April, and retreated further …
European stocks pressured by rising bond yields, weak economic data Read More »
(Reuters) -Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic sectors and promote domestic production. Hundreds of foreign companies have left Russia since Moscow’s invasion of Ukraine, by selling, handing the …
Russian lawmakers push for right to ignore Western company buyback options Read More »
LONDON (Reuters) -The former Swedish central banker leading the Bank for International Settlements’ work on digital currencies, Cecilia Skingsley, is to leave the Switzerland-based umbrella body two years early to take a government job back in her homeland. Skingsley began a five-year term as head of the BIS’ ‘Innovation Hub’ in September 2022 but the …
Head of BIS digital currency hub leaves post early Read More »
By Dominique Patton PARIS (Reuters) -Airbnb said on Thursday a new partnership with the Tour de France will boost its rental business across rural France, as it seeks to build on the success of last year’s Paris Olympics at a time of lower demand in the U.S. The vacation rental company this month forecast softening …
Airbnb banks on Tour de France deal to boost French market, eyes luxury experiences Read More »
ROME (Reuters) -Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country’s energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was …
Italy fully supports EU efforts to stop Russian gas imports by 2027 Read More »
