Russian weekly inflation eases further after sharp spike

Russia's weekly inflation rate eased further in early May, data from statistics service Rosstat showed on Wednesday, after spiking sharply soon after Russia began what it calls a "special military operation" in Ukraine on Feb. 24.

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11-05-2022

Barrick ramps up mine stocks to weather supply chain storm - CEO

Barrick Gold Corp has nearly doubled its inventory of some key supplies at mines to weather the disruptions caused by Russia's invasion of Ukraine, Chief Executive Mark Bristow told Reuters on Wednesday.

newspaper

11-05-2022

Parts shortage hits Boeing 737 MAX production

SEATTLE (Reuters) -Boeing Co said on Wednesday that supply chain disruptions slowed production and deliveries of its 737 MAX cash-cow narrowbody plane in recent weeks, but it does not see its overall plan for the year being disrupted.

newspaper

11-05-2022

European stocks log best session in 6 weeks as cyclicals roar back

(Reuters) -European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after U.S. inflation growth slowed sharply in April.

newspaper

11-05-2022

Ubisoft sees significant top-line growth for 2022-23

French video game group Ubisoft on Wednesday forecast significant top-line growth this financial year, driven by a diverse line-up of premium games.

newspaper

11-05-2022

Shares rise, yields off slightly after U.S. inflation data

The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed U.S. inflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.

newspaper

11-05-2022

Brake maker Brembo says order book full as core earnings climb

Brake maker Brembo has a full order book and all of its plants are running at full capacity, apart from those in China due to a COVID-19 lockdown, its executive chairman said.

newspaper

11-05-2022

Euro zone bond yields do an about-turn after U.S. inflation data

LONDON (Reuters) -Euro zone government bond yields rose on Wednesday after data showing a bigger-than-expected rise in inflation last month in the United States.

newspaper

11-05-2022

Lucid CEO concerned about chip supplies from China due to COVID-19

SAN FRANCISCO (Reuters) -The chief executive of Lucid Group Inc on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle startup is taking measures to mitigate the impact.

newspaper

11-05-2022