Europe sees travel recovery as COVID restrictions ease

European airlines and hotel chains are seeing bookings recover to levels not seen since before the COVID-19 pandemic, led by demand for shorter trips, although travellers remain cautious about making long-distance journeys.

newspaper

06-05-2022

Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project

Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down its stake in the country's Sakhalin-1 oil project.

newspaper

06-05-2022

Italy's Fincantieri reports sales rise as CEO prepares to leave

MILAN (Reuters) -Italy's Fincantieri said sales rose 18% from a year earlier in the first quarter to 1.7 billion euros ($1.8 billion) driven by a strong performance of its core shipbuilding business.

newspaper

06-05-2022

Steelmaker JFE seeks product price hike of $230/T amid soaring material costs

TOKYO (Reuters) -Japan's No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials and shipping charges, a top executive said on Friday.

newspaper

06-05-2022

Wells Fargo set emissions reduction targets for oil, gas, power clients

Wells Fargo & Co unveiled new targets to reduce greenhouse gas emissions, including goals to reduce the "absolute emissions" related to its financing of companies in the oil and gas sector, an executive said Thursday.

newspaper

06-05-2022

Global gloom sets European shares for worst week since March

(Reuters) -European stocks were on course for their worst week in two months on Friday following a carnage on Wall Street as investors feared that bigger interest rate hikes would be needed to tame decades-high inflation.

newspaper

06-05-2022

Tesla targets pre-lockdown output in Shanghai by mid-May

SHANGHAI (Reuters) -Tesla is aiming to increase output at its Shanghai plant to 2,600 cars a day from May 16, it said in an internal memo seen by Reuters, as it seeks to restore production to levels before the city locked down to control COVID-19.

newspaper

06-05-2022

Russia's Sovcomflot says it plans to sell part of its fleet

Russia's leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western sanctions and seeks to repay outstanding loans.

newspaper

06-05-2022