Japan eyes fresh spending package to cushion blow from fuel spike

Japan's ruling coalition on Wednesday agreed to compile a fresh stimulus package to cushion the economic blow from surging fuel and grain prices caused by the war in Ukraine.

newspaper

23-03-2022

Workers at Deutsche Bank's Postbank clinch pay deal after months of wrangling

A pay increase for 15,000 workers at Deutsche Bank's retail unit Postbank has been agreed with management, a union said on Wednesday, brightening prospects for a wage deal for the broader industry after months of wrangling and strikes.

newspaper

23-03-2022

S.Korea picks IMF official as new central bank chief

SEOUL (Reuters) -South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as its new central bank chief, a pick who is widely expected to continue the bank's efforts to curb inflation with aggressive interest rate hikes.

newspaper

23-03-2022

Oil prices rise as U.S. stockpiles decline amid tight market

NEW DELHI (Reuters) -Oil prices rose on Wednesday as a reported drop in U.S. crude inventories increased concerns about tight global supplies amid the hit to Russian exports from economic sanctions.

newspaper

23-03-2022

S.Korea names IMF official as new central bank chief

South Korea has nominated Rhee Chang-yong, a veteran technocrat at the International Monetary Fund, as its new central bank chief, the country's presidential office said on Wednesday.

newspaper

23-03-2022

Oil prices resume climb after U.S. stockpiles drop in tight market

Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell last week, underlining how tight global supplies are amid the hit to Russian output from economic sanctions on Moscow.

newspaper

23-03-2022

Disney employees stage walkouts to protest company response to Florida bill

Employees of the Walt Disney Co staged walkouts and social media campaigns on Tuesday to protest the company's response to Florida legislation that would limit classroom discussion of sexual orientation or gender identity.

newspaper

22-03-2022

Wall Street gains, with tech, growth shares in the lead

U.S. stocks ended higher on Tuesday, led by a 2% gain in the Nasdaq, as shares of technology and other big growth names rebounded from recent losses and Nike rose after it reported upbeat results.

newspaper

22-03-2022

Exxon appoints former GM executive to lead its energy transition business

Exxon Mobil Corp. on Tuesday appointed Dan Ammann, former president of automaker General Motors, to lead the oil company's energy transition business effective May 1.

newspaper

22-03-2022