KYIV (Reuters) – Ukraine’s energy minister said on Thursday the government was seeking a 20% reduction in energy use and that Ukrainians had responded to an appeal to limit their use of power. The minister, Herman Halushchenko, said on Ukrainian television that Russia had launched more than 300 air strikes on Ukrainian energy facilities since …
Ukraine says it seeks 20% cut in energy use, consumers responding Read More »
MOSCOW (Reuters) – The rouble traded steady on Thursday, with a favourable month-end tax period supporting the Russian currency amid volatility on oil markets and the constant threat of geopolitical and sanctions risk over the conflict in Ukraine. At 0803 GMT, the rouble was 0.1% stronger against the dollar at 61.66 and was unchanged at …
(Reuters) – Australia’s Syrah Resources on Thursday announced plans to expand its Louisiana graphite anode plant fourfold after being selected for a $219.8 million grant as part of U.S President Joe Biden’s drive to boost U.S. production of electric vehicle batteries and components. On Wednesday, the Biden administration announced $2.8 billion in grants to 20 …
Australia’s Syrah to expand U.S graphite plant after $220 million grant Read More »
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) – South Korea’s financial regulator said on Thursday it would delay by six months a plan to require banks to hold more liquid assets, citing signs of stress in the short-term money market due to a fast rise in interest rates. The Financial Service Commission (FSC) said …
South Korea delays plan to tighten bank liquidity requirement Read More »
(Reuters) -U.S. economic activity expanded modestly in recent weeks, although it was flat in some regions and declined in a couple of others, the Federal Reserve said on Wednesday in a report that showed firms growing more pessimistic about the outlook. Moreover, the U.S. central bank’s latest collection of anecdotes from contacts across its 12 …
Fed says firms gloomier on outlook, but inflation pressures easing Read More »
By Jody Godoy (Reuters) – A U.S. jury began deliberating on Wednesday at a civil trial where Credit Suisse Group AG stands accused of conspiring with the world’s largest banks to rig prices in the foreign exchange market between 2007 and 2013. Credit Suisse is the last bank defendant remaining in the class action brought …
Credit Suisse currency rigging claims go before U.S. jury Read More »
HAVANA (Reuters) – Cuba on Wednesday said the decades-old U.S. trade embargo has been causing record financial losses and untold human suffering in recent months, at a time when Cuba was also battling the effects of the COVID-19 pandemic and Hurricane Ian. Foreign Minister Bruno Rodriguez made the comments at the launch of an annual …
Cuba calls U.S. trade embargo a ‘hurricane’ that never ends Read More »
BRUSSELS (Reuters) – Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more interest rate rises before the end of the year. The European Union’s statistics office Eurostat said consumer prices in the 19 countries sharing the euro …
Euro zone Sept inflation revised down slightly, still at record high Read More »
MOSCOW (Reuters) – The Russian rouble edged lower in a relatively narrow range in early trade on Wednesday after weeks of volatility, with domestic investors focused on two OFZ treasury bond auctions the finance ministry is scheduled to hold later in the day. At 0709 GMT, the rouble was 0.3% weaker against the dollar at …
Russian rouble edges lower with market focused on OFZ auctions Read More »
By Jesús Aguado MADRID (Reuters) -The European Central Bank is set to warn of the adverse impact on Spanish banks’ solvency of a proposed tax on the sector and of a higher cost of credit in an upcoming non-binding opinion, two sources with direct knowledge of the matter said. “Attention will be drawn to the …
ECB set to warn of risks in its non-binding opinion on Spanish tax proposal, sources say Read More »
