Indonesia MPs seek palm oil export ban review as industry warns on storage

Indonesian lawmakers on Thursday requested that the government review an export ban on palm oil, as industry groups warned that one of the country's leading economic contributors could grind to a halt in coming weeks as storage nears full capacity.

newspaper

19-05-2022

Half of Gazprom's 54 clients opened Gazprombank accounts, says Russia's Novak

Half of Russian gas giant Gazprom's 54 clients have opened accounts at Gazprombank, Deputy Prime Minister Alexander Novak said on Thursday, as Moscow seeks to compel its clients to pay for its gas in roubles.

newspaper

19-05-2022

Hong Kong new listings volume sinks to 9-year low on China slowdown

Hong Kong's new listings volume plunged 90% to a nine-year low this year, data showed, as China's sharp economic slowdown and its regulatory drive cast a long shadow over the city's prospects as a destination for initial public offerings (IPOs).

newspaper

19-05-2022

Rising inequality now an urgent matter, BIS central bank group warns

A new study by the central bank to the world's central banks, the Bank of International Settlements (BIS), has called for urgent action to tackle rising wealth inequality, warning the problem was feeding a dangerous loop of recessions and poverty.

newspaper

19-05-2022

Generali beats profit forecast despite Russia impact

MILAN (Reuters) -Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years.

newspaper

19-05-2022

China seen lowering lending benchmark LPR to support economy:Reuters Poll

China is expected to cut benchmark lending rates at its monthly fixing on Friday, a second reduction this year, a Reuters survey showed, as it seeks to prop up credit demand to cushion an economic slowdown due to COVID-19 disruptions.

newspaper

19-05-2022

Telefonica sells 7.08% stake in El Pais owner Prisa for 34 million euros

Spanish telecom firm Telefonica said on Thursday it agreed to sell a 7.08% stake in the media group Prisa, the publisher of El Pais newspaper, for 34 million euros.

newspaper

19-05-2022

New media report says potential financial irregularities occurred at Orpea's Swiss unit

France Info radio said on Thursday there was evidence pointing to potential financial irregularities linked to a Swiss unit of Orpea, a day after the French care home operator said it had contacted legal authorities over possible wrongdoing involving the company.

newspaper

19-05-2022

Analysis-BOJ's dovish isolation draws public heat ahead of leadership change

A rapid decline in the yen and market distortions caused by current monetary settings have raised the political heat on the Bank of Japan as it becomes increasingly isolated in a world of hawkish-leaning central banks.

newspaper

19-05-2022