Shares hold up, yields drop before U.S. inflation data

World shares rose on Wednesday and bond yields slipped further below recent peaks ahead of inflation data in the United States that will offer a guide to how aggressively the Federal Reserve will raise rates.

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11-05-2022

Average U.S. mortgage interest rate rises to 5.53%, applications up

The average interest rate on the most popular U.S. home loan rose to its highest level since 2009 last week and demand for mortgages jumped for a second straight week despite the rising costs, Mortgage Bankers Association data showed on Wednesday.

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11-05-2022

Philip Morris bets on cigarette alternatives with $16 billion bid for Swedish Match

STOCKHOLM (Reuters) -Philip Morris International Inc has agreed to buy tobacco and nicotine products maker Swedish Match in a $16 billion deal that aims to cut the U.S. company's dependence on cigarettes.

newspaper

11-05-2022

Ukraine Finance Minister forecasts 45% GDP drop, committed to servicing debt

LONDON (Reuters) -Ukraine's economy is expected to contract by 45% this year, the country's Finance Minister Serhiy Marchenko said on Wednesday, adding his government was committed to servicing its debt in full.

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11-05-2022

Chinese developer Sunac misses bond coupon payment as grace period ends-sources

HONG KONG (Reuters) -Some of Sunac China's bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close of Asia business on Wednesday when a month-long grace period ends, two people with knowledge of the matter said.

newspaper

11-05-2022

Election win for Philippines' Marcos shores up family-affiliated stocks

Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit under the incoming administration.

newspaper

11-05-2022

J&J appoints consumer health head Thibaut Mongon to CEO of spun-off business

Johnson & Johnson on Wednesday appointed Thibaut Mongon as the chief executive officer of the consumer health division, which the pharmaceutical giant plans to spin off into a listed company by the end of next year.

newspaper

11-05-2022

BMW's energy and raw material needs largely secured for 2022 - CFO

The BMW Group has largely secured its energy and raw material needs for 2022, its Chief Financial Officer Nicolas Peter said on Wednesday, but rising raw material prices could still weigh on results.

newspaper

11-05-2022

Lavrov says Russia has enough energy buyers apart from West

Russia has enough buyers for its energy resources outside of Western countries, Russian Foreign Minister Sergei Lavrov said on Wednesday, as European Union countries try to sharply reduce their reliance on Russian oil and gas.

newspaper

11-05-2022