The Czech National Bank (CNB) on Thursday raised its main interest rate by 50 basis points to 5.00%, bringing it to the highest level since 2001 as expected as policymakers battle an inflation surge exacerbated by the Ukraine war.
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Russian internet giant Yandex is gradually winding down the Paris operations of its e-grocery service Yango Deli, a spokesperson said on Thursday, citing poor performance and hinting that an exit from the London market could follow.
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Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found.
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Hong Kong's retail sales fell in February after 12 straight months of growth as a wave or COVID-19 infections hit the city and anti-epidemic measures weakened consumer sentiment and reduced the numbers of people going to shop.
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Thailand's economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the central bank said on Thursday.
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A Stellantis van plant in Russia will have to close shortly as it is running out of parts, the company's chief executive Carlos Tavares said on Thursday.
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Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of strategic stockpiles - will prove inadequate to soothe markets starved of Russian supply since its invasion of Ukraine.
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Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News reported on Wednesday, citing sources.
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SHANGHAI/Hong Kong (Reuters) -China's securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and the outcome depends on the wisdom of both parties.
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