Irn-Bru maker won't rule out more price hikes as inflation bites

The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won't rule out future price hikes given Britain's high inflation, the company's chief executive said on Tuesday.

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29-03-2022

Russia-Ukraine conflict to have huge impact on global steel demand -Japan steel group

TOKYO (Reuters) -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long time, the head of a Japanese steel industry group said on Tuesday.

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29-03-2022

Japan to ban Russia-bound exports of luxury cars, goods from April 5

TOKYO (Reuters) -Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday.

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29-03-2022

In China's Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown

More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration officials.

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29-03-2022

Porsche SE supports Volkswagen's IPO plans for sportscar maker Porsche AG

Volkswagen's largest shareholder, Porsche SE, supports Volkswagen's proposed plan for an IPO of luxury sportscar maker Porsche AG, the holding company said on Tuesday, adding no final decision had been made.

newspaper

29-03-2022

Analysis-As sanctions 'weaponize' US dollar, some Treasury buyers could fall back

U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for Treasuries just as the Federal Reserve, the largest holder of U.S. debt, looks to cut its bond holdings.

newspaper

29-03-2022

Ericsson CEO faces investor ire over handling of Iraq probe

Ericsson Chief Executive Borje Ekholm faces his toughest challenge yet as shareholders vote on Tuesday on his handling of a probe into possible corruption in Iraq, a scandal which has upset investors and hammered the share price.

newspaper

29-03-2022

Blue Origin's 4th astro-tourism flight set to launch without big names

The fourth commercial flight of Jeff Bezos' space tourism venture Blue Origin, offering short suborbital joyrides to well-heeled thrill-seekers and celebrity guests, was due for liftoff on Tuesday from the company's launch site in rural west Texas.

newspaper

29-03-2022

U.S. sees compliance, even 'self-sanctioning', on Russia export controls in Asia

The United States has not seen any indications of non-compliance in Asia with export controls on Russia due to its invasion of Ukraine, and companies are even self-sanctioning, a senior U.S. official said on Tuesday.

newspaper

29-03-2022