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Euro weakens as Biden carries new sanction plans to Europe
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Top trading houses speak at commodities conference
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EU eyes joint gas buying to tackle energy crunch
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Greece to review energy firms’ financials for possible windfall profits
Tennis-‘I am spent’: World number one Barty goes out on top
Date: March 23, 2022
By Ian Ransom MELBOURNE (Reuters) – Ash Barty sent shockwaves around the tennis world on Wednesday when she abruptly announced her retirement at the peak of her game and just two months after claiming a third Grand Slam title at the Australian Open. Citing the fulfilment of her tennis goals and fatigue with life on...
Stellantis’ battery plans take shape in Italy, Canada
Date: March 23, 2022
ROME (Reuters) -Stellantis made progress with battery production plans in Europe and North America on Wednesday as carmakers race to meet rising demand for electric vehicles. The company said its Automotive Cells Company (ACC) joint venture with Mercedes-Benz and TotalEnergies would build a battery plant in Italy and boost its capacity in Europe. Separately, South...
Equities creep to five-week highs, ignore bond selloff
Date: March 23, 2022
By Saikat Chatterjee and Tommy Wilkes LONDON (Reuters) -World stocks climbed to five-week highs on Wednesday as investors ignored a broadening selloff in global bond markets fuelled by a combination of soaring inflation and hawkish comments from U.S. policymakers. Two-year U.S. Treasury yields are up 70 bps so far in March and set for their...
VW plans to open Spanish battery plant near Valencia in 2026
Date: March 23, 2022
By Joan Faus BARCELONA (Reuters) -Volkswagen has picked a site near Valencia for a planned battery cell plant in Spain and will invest 7 billion euros ($7.7 billion) in electrifying production in the country provided it gets government funds, it said on Wednesday. “The timeline is tight,” the German carmaker said – it aims to...
Lanvin Group, owned by China’s Fosun, plans New York listing via SPAC
Date: March 23, 2022
SHANGHAI/SYDNEY (Reuters) -Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose acquisition company (SPAC) and aims to raise up to $544 million to fund its global expansion ambitions. Lanvin Group, which manages iconic brands such...
Explainer-How black boxes of crashed Chinese jet will be handled
Date: March 23, 2022
By Tim Hepher and Jamie Freed (Reuters) – Chinese authorities said on Wednesday they had recovered one of the black boxes of a China Eastern Airlines jet that plunged into a mountainside on Monday with 132 people on board. An official at China’s aviation regulator said the black box that was found was “severely damaged”...