Scoot CEO Campbell Wilson appointed new head of Air India

(Reuters) -Air India's new owner Tata Sons said on Thursday it would appoint Campbell Wilson, the head of Singapore Airlines' budget carrier Scoot, as its chief executive, subject to regulatory approvals.

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12-05-2022

China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources

HONG KONG (Reuters) -State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical's chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, two people with knowledge of the matter said.

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12-05-2022

In U-turn, IEA sees world weathering lost Russian oil supply

LONDON (Reuters) -The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, in a U-turn after it predicted a possible "global supply shock" in March.

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12-05-2022

Oil slips more than 2% on fears recession may hit demand

, LONDON (Reuters) -Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

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12-05-2022

Dollar hits two-decade high, rattled investors plump for safe haven

The dollar rose to fresh two-decade highs on Thursday as concerns that tighter monetary policies to tame surging inflation will hurt the global economy dampened risk sentiment and drove investors into the safe-haven currency.

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12-05-2022

Stocks in a tailspin, dollar soars as hard landing fears grow

Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears grew that fast-rising inflation will drive a sharp rise in interest rates that brings the global economy to a standstill.

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12-05-2022

China scrutiny stymies JD.Com fintech unit's $2 billion Hong Kong IPO - sources

JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming, said four people with knowledge of the matter.

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12-05-2022

Asian economic powers warn of risks from war, monetary policy normalisation

TOKYO (Reuters) -East Asian economic leaders warned on Thursday of risks to the region's outlook and pledged to remain committed to market stability and sound fiscal policy.

newspaper

12-05-2022

More oil, slower demand mean world can weather Russian losses - IEA

Lower output from Russia due to the fallout from its invasion of Ukraine will not leave the world short of oil, the International Energy Agency (IEA) said on Thursday, as supply ramps up elsewhere and Chinese lockdowns tamp down demand.

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12-05-2022