China stats bureau expects economy to improve in May

China's statistics bureau on Monday said it expects China's economy to improve in May and that a recovery in consumption would quicken.

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16-05-2022

Gold up from three-month lows as U.S. bond yields weaken

Gold edged up on Monday from a more than three-month trough hit in the previous session, as lower U.S. Treasury yields kept demand for zero-yield bullion afloat above the key psychological support level of around $1,800 per ounce.

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16-05-2022

China's April oil refinery output plunges to two-year low as COVID curbs bite

China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker demand due to widespread COVID-19 lockdowns.

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16-05-2022

Japan wholesale prices hit record 10% as energy costs soar

TOKYO (Reuters) -Japan's wholesale prices in April jumped 10% from the same month a year earlier, data showed on Monday, rising at a record rate as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials.

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16-05-2022

Adani to become India's second-biggest cement maker with $10.5 billion Holcim deal

(Reuters) -India's Adani Group acquired a controlling stake in Holcim AG's cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday.

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15-05-2022

Biden balances anti-crime and reform agendas in message to police

U.S. President Joe Biden said on Sunday that police officers must deliver both effective crime deterrence and equal justice in a message that balanced two fraught political priorities as his law-enforcement reforms have stalled.

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15-05-2022

India's Adani acquire controlling stake in Holcim's India business in $10.5 billion deal

(Reuters) -India's Adani Group acquired a controlling stake in Holcim AG's cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday.

newspaper

15-05-2022

McConnell sees Wednesday U.S. Senate vote on $40 billion Ukraine aid bill

U.S. Senate Republican Leader Mitch McConnell said on Sunday he expected the Senate to vote on $40 billion in proposed aid to Ukraine on Wednesday after holding a related procedural vote on Monday.

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15-05-2022

Adani Group to acquire Holcim’s India business for $6.39 billion

Holcim AG on Sunday said it signed a binding agreement for Adani Group to acquire Holcim's business in India.

newspaper

15-05-2022