BlackRock's iShares to close MSCI Russia, eastern Europe funds due Ukraine

LONDON (Reuters) -BlackRock's iShares will close its MSCI Russia and MSCI Eastern Europe exchange-traded funds, BlackRock said on Friday, joining several other funds which have shut their doors because of the Ukraine conflict.

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20-05-2022

Deere raises profit forecast as equipment demand soars

(Reuters) -Deere & Co raised its annual profit forecast on Friday boosted by higher sales for its tractors, combines and sprayers as gaps in global grain supply triggered by the Russia's invasion of Ukraine fueled crop prices and spurred demand.

newspaper

20-05-2022

BlackRock's iShares to close MSCI Russia, eastern Europe funds

LONDON (Reuters) -BlackRock's iShares will close its MSCI Russia and MSCI Eastern Europe exchange-traded funds because of the Ukraine conflict, BlackRock said on Friday.

newspaper

20-05-2022

Dollar loses steam after weeks-long rally

The U.S. dollar was headed for its worst week since early February versus major peers on Friday, as some of the heat faded from the currency's breakneck 10% surge.

newspaper

20-05-2022

Taiwan export orders fall for first time in 2 years, hurt by China lockdowns, global weakness

Taiwan's export orders -- a bellwether for global technology demand -- fell for the first time in 25 months in April, taking a larger-than-expected hit from COVID lockdowns in China and broader global supply chain disruptions.

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20-05-2022

Richemont cautious on China growth, talks on YNAP drag on

Luxury goods group Richemont struck a cautious note over growth in China after its full-year profit disappointed, sending its shares sharply lower and weighing on the sector.

newspaper

20-05-2022

EDF delays UK nuclear project to 2027, ups price by 3 billion pounds

Britain's first new nuclear plant in decades is expected to be delayed by around a year to 2027 and its price raised by 3 billion pounds ($3.74 billion) EDF, the French company behind the project said.

newspaper

20-05-2022

Zurich Insurance to exit Russia by selling business to local team

Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.

newspaper

20-05-2022