Exclusive: Nestle flies baby formula supplies to U.S. from Europe

Nestle SA is flying baby formula supplies to the United States from the Netherlands and Switzerland to alleviate tha shortage in U.S. supermarkets, the company said in an emailed statement to Reuters on Tuesday.

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17-05-2022

Oil prices inch lower as EU's Russian oil ban stalls

Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally.

newspaper

17-05-2022

Asia markets rise on hopes of easing China tech crackdown

HONG KONG (Reuters) -Asian shares advanced on Tuesday, led by a jump in technology majors, as hopes grow for an easing of China's unprecedented regulatory crackdown on its once-freewheeling tech sector.

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17-05-2022

Brazil mills cancel sugar export contracts, shift output to ethanol

Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol to cash in on high energy prices, according to people with direct knowledge of the deals, raising concerns of a sugar shortage.

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17-05-2022

Nomura aims to nearly double core pretax income in 3 years

Nomura Holdings Inc said it is targeting an up to 90% jump in core pretax income in three years as Japan's biggest brokerage and investment bank plans to beef up advisory services in pursuit of revenue less vulnerable to market swings.

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17-05-2022

Exclusive: Equinor, Exxon agree to expand Brazil oil operations

Equinor SA and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.

newspaper

17-05-2022

BOJ deputy vows to maintain monetary stimulus despite price pressures

The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said on Tuesday, dismissing speculation about an early exit from accommodative settings.

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17-05-2022

Tesla stops taking orders for Cybertruck outside North America -website

SHANGHAI (Reuters) -U.S. electric vehicle manufacturer Tesla Inc has stopped taking orders for its upcoming Cybertruck pickup truck outside of North America, according to its official website.

newspaper

17-05-2022

Oil prices ease as EU struggles to seal Russia import ban

Oil prices eased on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, and as investors took profits following a recent rally.

newspaper

17-05-2022