Notizia

The European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to higher energy prices and push down growth, President Christine Lagarde was quoted as saying on Saturday.

The Federal Aviation Administration's safety chief Billy Nolen is expected to be named acting leader of the agency after the current administrator, Steve Dickson, steps down at the end of March, the Wall Street Journal reported on Saturday.

The United States is done "sitting on its hands" and will more actively pressure China, the world's second largest economy, to change trade practices that Washington believes distort the market, top U.S. trade negotiator Katherine Tai said.

Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow grapples to find ways to combat its growing isolation in the face of sanctions.

HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield itself from Western sanctions against Moscow.

Inflation in Brazil grew more than expected in the month to mid-March, the biggest jump for that period in seven years, data showed on Friday, underscoring across-the-board price pressures despite aggressive monetary tightening led by the central bank.

Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong initial public offering, Refinitiv's IFR service reported on Friday.

China's state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine.

(Reuters) -London-listed Petropavlovsk will miss a loan payment due on Friday after Britain froze the assets of its main lender Gazprombank in its latest set of sanctions following Russia's invasion of Ukraine.