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AXA registers Shanghai fund unit as city seeks revival from COVID
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Factbox-Four days of celebration mark Queen Elizabeth’s Platinum Jubilee
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In Shanghai, lockdown blues make way for COVID testing gripes
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Reaction to Queen Elizabeth’s Platinum Jubilee
China ‘firmly’ opposes U.S.-Taiwan trade initiative
Date: June 2, 2022
BEIJING/TAIPEI (Reuters) -China “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the island plays in global supply chains. The United States and Taiwan announced the U.S.-Taiwan Initiative on 21st Century Trade...
Russian rouble eases towards 62 vs dollar, stocks fall
Date: June 2, 2022
(Reuters) – The Russian rouble eased towards 62 against the dollar on Thursday, stabilising in a relatively narrow range after sharp and uncontrolled moves last week caused by an imbalance of supply and demand on Moscow Exchange. At 0746 GMT, the rouble was 0.8% weaker against the dollar at 61.76 and had eased 1% to...
Russian gas flows to Europe ease slightly
Date: June 2, 2022
(Reuters) – Russian gas flows to Europe dipped slightly on Thursday morning, with reverse flows on the Yamal-Europe pipeline also easing, all in line with customer requests, operator data showed. Physical flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea were in line with nominations and stood at 72,373,112 kilowatt hours...
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up
Date: June 2, 2022
BUDAPEST (Reuters) -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to tighten interest rate policy aiming to curb inflation that’s expected to hit double digits in coming months. The Hungarian forint has been hovering near three-month-lows against the euro after...
Europe eyes common subsea wind power grid to bolster energy security
Date: June 2, 2022
By Nora Buli and Stine Jacobsen OSLO/ESBJERG, Denmark (Reuters) – Northern European countries are discussing plans to create a common power grid under the North Sea to connect future offshore wind farms as they seek to strengthen energy security, but the ambitious proposal faces financing and regulatory challenges. European nations have announced pledges to build...
Swiss catch inflation bug as prices rise fastest in 14 years
Date: June 2, 2022
By John Revill ZURICH (Reuters) -Swiss prices increased in May by their highest level in nearly 14 years, the government said on Thursday, as Switzerland became the latest country to be hit by more expensive fuel and food costs plaguing economies around the world. The consumer price index rose by 2.9% compared with a year...