Stocks up, U.S. yields at 3% as markets ready for Fed hike

World stocks rose on Tuesday and U.S. 10-year Treasury yields held above 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000.

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03-05-2022

South African coal miners turn to trucks as rail service deteriorates

Mining companies in South Africa have resorted to trucking coal to ports to meet a surge in European demand since the war in Ukraine started, bypassing the deteriorating rail infrastructure they blame for billions of dollars in lost revenue.

newspaper

03-05-2022

Norway sovereign wealth fund CEO warns of 'rocky ride ahead'

Norway's $1.2 trillion sovereign wealth fund, the world's largest, expects difficult market conditions in the time to come, affected by geopolitical events and inflation, its chief executive said on Tuesday.

newspaper

03-05-2022

BP boosts buybacks on soaring energy prices after costly Russia exit

LONDON (Reuters) -BP recorded its biggest quarterly loss after writing down $24 billion to exit its Russia businesses but a strong operational performance on the back of rocketing oil and gas prices helped the British energy firm step up share buybacks.

newspaper

03-05-2022

UK competition watchdog sets deadline for LSEG takeover of Quantile

Britain's competition watchdog said on Tuesday that the London Stock Exchange Group and Quantile Group have until May 10 to offer acceptable undertakings to avoid an in-depth investigation into their merger.

newspaper

03-05-2022

BP boosts buybacks as profit soars to highest in over decade

BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia.

newspaper

03-05-2022

Stellantis buys car-sharing business from BMW, Mercedes

FRANKFURT/MILAN (Reuters) -Stellantis has agreed to buy the Share Now car sharing business from BMW and Mercedes-Benz as the two German groups focus on the software part of their mobility alliance.

newspaper

03-05-2022

Exclusive - Nigeria buys emergency Canadian potash to replace lost Russian supply

Nigeria had to buy emergency supplies of Canadian potash in April after the country was unable to import the key fertilizer from Russia due to the impact of Western sanctions, the head of Nigeria's sovereign investment authority NSIA said.

newspaper

03-05-2022

Total's German Leuna refinery to continue Russian crude imports in May - sources

TotalEnergies' 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at least throughout May, according to two sources with knowledge of the matter.

newspaper

03-05-2022