Georgia to announce $7 billion Hyundai EV investment as Biden visits Seoul - sources

Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters.

newspaper

19-05-2022

EasyJet says bookings strong as it posts 545 million stg first half loss

British low-cost carrier easyJet said demand was strong, with bookings in the last 10 weeks consistently above pre-pandemic levels, as it reported a first-half headline loss of 545 million pounds ($674 million), in line with its guidance.

newspaper

19-05-2022

China lifts curbs on Canadian canola, demand seen muted

(Reuters) -China has removed a three-year restriction on imports of Canadian canola seed, Canadian officials said in a statement on Wednesday that didn't provide a reason for the lifting of curbs, but trade is likely to be limited by low stocks and high prices.

newspaper

19-05-2022

Shares slide as global growth fears mount

Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar eased.

newspaper

19-05-2022

Generali posts smaller-than-expected net profit drop after Russia impairments

MILAN (Reuters) -Italy's top insurer Assicurazioni Generali said on Thursday it posted a smaller-than-expected drop in Q1 net profit after impairments on its Russian investments for 136 million euros ($142.75 million).

newspaper

19-05-2022

Analysis-Rare double whammy hits investors: steep slumps for both stocks and bonds

From meme-stock enthusiasts to retirees, this year's steep dive for both stocks and U.S. Treasury prices has upended portfolios for individual investors who had enjoyed watching their wealth grow during the historic rally in financial assets early in the coronavirus pandemic in 2020.

newspaper

19-05-2022

Woodside shareholders approve BHP petroleum merger

BRISBANE (Reuters) -Shareholders in Woodside Petroleum approved on Thursday a merger with BHP Group's petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the company's annual meeting.

newspaper

19-05-2022

China's zero-COVID policy dashes global hopes for quick economic return to normal

A sharp slowdown in China's economy caused by its strict zero-COVID rules and Beijing's shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment.

newspaper

19-05-2022

Biden visits Japan, South Korea carrying warning to China

Joe Biden will visit Japan and South Korea on his first Asian trip as U.S. president, carrying a clear message to China, advisers and analysts say - don't try what Russia did in Ukraine anywhere in Asia, and especially not in Taiwan.

newspaper

19-05-2022