Notizia

NEW YORK (Reuters) -Oil prices rose to over $115 a barrel on Tuesday, their highest in about seven weeks, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply.

(Reuters) -E-commerce group JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following COVID lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption.

NEW YORK (Reuters) -A gauge of global equity markets rebounded and U.S. Treasury yields rose on Tuesday as an easing of China's crackdowns on tech and COVID-19 and solid U.S. retail sales in April suggested economic growth might be getting stronger.

NEW YORK/MUNICH (Reuters) -Germany's Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic.

South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and grow its market share by 3% under a new strategy, CEO Pieter Boone said on Tuesday.

Production at U.S. factories increased more than expected in April amid continued strong demand for motor vehicles and other goods, which should help to underpin manufacturing activity.

Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow's invasion of Ukraine on Feb. 24, have started to report associated losses.

Germany's Allianz SE has agreed to pay about $6 billion and a U.S. asset management unit will plead guilty to fraud after a group of multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020.

Three board members of Russia's Sberbank have left their posts, the bank said on Tuesday, the latest in a flurry of senior departures from the state-owned lender since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.