German industrial output falls more than expected in March

German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to fill orders, official data showed on Friday.

newspaper

06-05-2022

Japanese factories in Shanghai struggling to resume operations, survey shows

Japanese firms are struggling to reopen their factories in Shanghai, a new survey shows, indicating strains in the municipal government's push to help key businesses resume production amid an ongoing strict lockdown in the city.

newspaper

06-05-2022

ING misses Q1 profit estimates as Russia provisions hit earnings

AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine.

newspaper

06-05-2022

ING reports $452 million Q1 profit, earnings hit by provisions at wholesale arm

ING Groep NV, the largest Dutch bank, reported on Friday worse-than-expected first quarter net income of 429 million euros ($452 million), including provisions of 885 million euros at its wholesale banking division.

newspaper

06-05-2022

Malaysia aims to regain palm oil market share in EU amid global shortage

Malaysia, the world's second largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and "political tension in Europe" to regain market share after buyers shunned the commodity over environmental concerns.

newspaper

06-05-2022

Analysis: Banks face reversal of fortune from war and 'great depression'

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

newspaper

06-05-2022

Exclusive: CATL planning EV battery production in United States, vetting sites - sources

CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company's first production in the world's second-largest car market, two people with knowledge of the plans told Reuters.

newspaper

06-05-2022

Analysis: Buckle up, say traders as Wall Street's wild ride shows no sign of end

A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility.

newspaper

06-05-2022

Wrangle over EU carbon market revamp threatens climate targets

Officials and lawmakers negotiating an overhaul of the EU carbon market are struggling to reach a compromise over plans to levy CO2 costs on suppliers of polluting fuels, potentially putting the bloc's climate change targets at risk.

newspaper

06-05-2022