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WTO in overtime push for trade accords, India defiant
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Ukraine defies Russian ultimatum for eastern city, NATO urged to send more weapons
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Energy execs say industry must push harder on near-term transition projects
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Tesla leads automakers in self-driving vehicle crashes -U.S. regulator
Suedzucker raises full-year guidance, plans to pass price increases onto customers
Date: June 15, 2022
(Reuters) -Europe’s largest sugar producer, Suedzucker, on Wednesday increased its full-year guidance, saying it expects to pass price increases in raw materials and energy on to new customer contracts. Suedzucker shares rose 3.4% as of 1105 GMT after the company said it now expected revenues of 8.9-9.3 billion euros ($9.3 billion-$9.7 billion), earnings before interest,...
Euro jumps as ECB holds unscheduled meeting, dollar awaits Fed move
Date: June 15, 2022
By Samuel Indyk LONDON (Reuters) – The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, hours ahead of a closely-watched meeting of the U.S Federal Reserve. The European common currency rose as to as high as...
Less growth, more inflation for German economy in 2022 -Ifo
Date: June 15, 2022
BERLIN (Reuters) -Germany’s economy, Europe’s largest, is likely to grow more weakly than expected this year due to the consequences of the war in Ukraine, the Ifo institute said on Wednesday. The institute cut its 2022 forecast for German growth to 2.5%, from 3.1% predicted in March, while revising its inflation forecast to 6.8%, up...
Ukraine says Russia eyes a ‘vast area from Warsaw to Sofia’
Date: June 15, 2022
PRAGUE (Reuters) -Ukrainian President Volodymyr Zelenskiy urged the European Union on Wednesday to let his country start on the road to membership of the bloc, warning that Russia’s territorial ambitions stretched from Warsaw to Sofia. In a speech to both chambers of the Czech parliament via a video link, Zelenskiy also called for more EU...
Global equity funds decline over 20% this year
Date: June 15, 2022
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central banks. Global bond funds have declined 3.5% on average, while money market funds fell 1.4%, data from Refinitiv Lipper showed. With the sharp...
Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday
Date: June 15, 2022
(Reuters) -Russia for years hosted world leaders and business titans at its annual economic forum in St Petersburg, but the “Russian Davos” will see little of the global financial elite this year with Moscow isolated by sanctions over its actions in Ukraine. This week, to make up for the lack of major Western attendees, Russia...