EU Commission working on proposal for joint borrowing to help finance Ukraine - sources

The European Commission is considering new joint debt issuance by the 27-nation bloc, two EU officials said, to cover Ukraine's liquidity gap of 15 billion euros ($15.9 billion) over the next three months.

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10-05-2022

Greek inflation jumps to 10.2% y/y in April, hits 28-year high

Greece's annual consumer inflation jumped to its highest level in 28 years in April at 10.2% on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday.

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10-05-2022

Meta criticises German antitrust watchdog's 'flawed' data curb order

Meta Platforms, owner of Facebook, on Tuesday criticised a landmark German antitrust order to curb its data collection as 'clearly flawed' and which undermines EU data protection rules.

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10-05-2022

Swedish Match shares jump to record high on Philip Morris takeover move

STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris International Inc said it was in talks to buy the Stockholm-based tobacco products company, betting on a growing market for alternatives to cigarettes.

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10-05-2022

China state planner expands draft list of sectors for foreign investment

China's state planner on Tuesday solicited public opinion on 2022's draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors such as electronic components.

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10-05-2022

European stocks make tentative gains amid global growth worries

(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a bruising selloff on worries about a sharp slowdown in the global economic growth.

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10-05-2022

BOJ rules out widening yield band to stem yen fall

The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0% target to stem sharp falls in the yen, a central bank executive said on Tuesday, saying such a move would be tantamount to a rate hike.

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10-05-2022

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

Sony Group Corp on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit.

newspaper

10-05-2022

BlackRock to back fewer shareholder resolutions in this AGM season

BlackRock said on Tuesday it expected to support fewer shareholder resolutions on issues such as climate change in the current season of annual general meetings, as many proposals were too prescriptive.

newspaper

10-05-2022