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European stocks eye worst day in over a month on looming energy crisis
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From chasing deals to turning off screens: Cineworld on the brink
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French retailer Carrefour to freeze prices on 100 products to tackle inflation
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Orban tightens hold over telco sector as Vodafone sells Hungarian unit
China steps up easing, cuts lending benchmarks to revive faltering economy
Date: August 22, 2022
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) -China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID cases. The People’s Bank of China...
Asia shares slip, dollar strong as yuan weakens
Date: August 22, 2022
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. U.S. Federal Reserve Chair Jerome Powell headlines a host of policy...
Oil falls on concerns economic slowdown may dent fuel demand
Date: August 22, 2022
By Yuka Obayashi TOKYO (Reuters) – Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand. Brent crude futures for October settlement declined $1.17, or 1.2%, to $95.55 a barrel by 0054 GMT, with concerns over slowing...
Australia’s Qantas apologises to customers for operational problems
Date: August 22, 2022
SYDNEY (Reuters) -Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to apologise for a rise in delays, cancellations, lost baggage and staffing issues since travel demand rebounded. Airlines around the world, including domestic rival Virgin Australia, are facing similar problems but Qantas had attracted significant negative...
EU watchdog backs ESG ‘quality label’ for market benchmarks
Date: August 19, 2022
LONDON (Reuters) – The European Union’s markets watchdog said on Friday that a ‘quality label’ for market benchmarks would help prevent investors being misled by environmental, social and governance (ESG) claims. Benchmarks are used by asset managers to pick investments for clients, helping to channel millions of euros into sustainable funds and projects, but the...
Soccer-Casemiro intent on joining Man United, Ancelotti says
Date: August 19, 2022
By Fernando Kallas MADRID (Reuters) -Casemiro wants to leave Real Madrid in order to sign for Premier League side Manchester United, coach Carlo Ancelotti said on Friday. “Casemiro wants a new challenge and we understand his feeling, I do not think there is a way back,” Ancelotti told a news conference on Friday. “I have...