China's Bank of Communications boss warns of tough year ahead

The president of China's Bank of Communications Co Ltd (BoCom), on Friday warned it will be difficult for the lender to deliver satisfactory earnings this year.

newspaper

25-03-2022

Farm equipment makers cut pre planting season production as U.S. inflation bites

Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology.

newspaper

25-03-2022

For a California cafe, a new lease is hope after two bad years

Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and Amy Hillyard renewed the lease on their downtown Oakland coffee spot, Farley's East.

newspaper

25-03-2022

Power costs drive Spanish industrial prices to record high

Spanish industrial production prices rose at a record annual rate for the fifth straight month in February, pushed up by soaring energy costs, data from the National Statistics Institute (INE) showed on Friday.

newspaper

25-03-2022

U.S. LNG will help reduce EU's Russian gas dependency, von der Leyen says

The commitment by the United States to deliver additional liquefied natural gas (LNG) to the EU is a big step towards making Europe less dependent on Russian gas, EU Commission head Ursula von der Leyen said on Friday.

newspaper

25-03-2022

Telenor completes Myanmar business sale, to be paid over 5 years

Telenor will receive payments for the sale of its Myanmar operations over the next five years, the Norwegian telecoms company said on Friday as it announced the completion of the transaction.

newspaper

25-03-2022

BOJ's Kuroda repeats view weak yen benefits Japan's economy

TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency's slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country.

newspaper

25-03-2022

BOJ Kuroda repeats view weak yen benefits Japan's economy

Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency's slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country.

newspaper

25-03-2022

China's JD Logistics seals $1.1 billion capital increase, stock drops 11%

(Reuters) -China's JD Logistics priced new shares issued on Friday in a $1.1 billion capital increase at a steep discount to their previous close, triggering a slump in its stock early in the Kong Kong trading session.

newspaper

25-03-2022