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Factbox: Companies sell their businesses in Russia
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Yen tanks 1.9% after BOJ sticks to stimulus, franc climbs again
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Norway oil sector union leader says wage deal is ‘good enough’
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Once feted for pandemic heroics, world’s central banks now face an uneasy crowd
European leaders meet Zelenskiy in Kyiv for first time since war began
Date: June 16, 2022
By Simon Lewis IRPIN, Ukraine (Reuters) -The leaders of France, Germany, Italy and Romania met Ukrainian President Volodymyr Zelenskiy on Thursday in a show of support which Kyiv hopes will be followed by more weapons and tougher action to help in the war with Russia. In the first such visit to the capital since Russia...
Amsterdam’s Schiphol airport poised to cut summer flights -Telegraaf
Date: June 16, 2022
AMSTERDAM (Reuters) – Amsterdam’s Schiphol Airport is set to cut the number of flights that it will be able to handle during the summer travel season in light of continuing labour shortages, De Telegraaf newspaper reported on Thursday. A spokesperson for the airport could not confirm the Telegraaf report, which cited political and industry sources....
BoE raises rates by 25 basis points again but says ready to act forcefully
Date: June 16, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) – The Bank of England raised interest rates by a further quarter of a percentage point on Thursday but said it was ready to act “forcefully” to stamp out dangers posed by an inflation rate heading above 11%. A day after the U.S. Federal Reserve raised rates...
Kremlin hopes EU leaders will not only discuss weapons in Kyiv visit
Date: June 16, 2022
(Reuters) -The Kremlin said it hoped the leaders of France, Germany and Italy would not only discuss weapons supplies in their visit to Kyiv on Thursday, but rather to “push President [Volodymyr] Zelenskiy to take a realistic look at the state of affairs”. “I would hope that the leaders … will not focus only on...
Investors worry that U.S. profit forecasts are too high
Date: June 16, 2022
By Caroline Valetkevitch NEW YORK (Reuters) -Concerns are growing that U.S. corporate earnings are increasingly at risk from dizzying inflation, a strong dollar and rising interest rates, complicating the outlook for investors already reeling from the S&P 500’s bear market confirmation earlier this week. While second-quarter profit growth forecasts have fallen in recent weeks, estimates...
High fuel prices to persist into 2023, Wood Mackenzie says
Date: June 16, 2022
By Rowena Edwards and Ron Bousso LONDON (Reuters) – Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and as refineries struggle to meet demand recovering from the pandemic, consultancy Wood Mackenzie said. The pressure should ease in the second half of next...