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Stocks slide, dollar holds ground as U.S. rate hike looms
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Germany would weather Russian oil ban despite shortages – minister
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Spanish prime minister’s mobile phone infected by Pegasus spyware, govt says
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G-III Apparel to buy Karl Lagerfeld brand in $210 million all-cash deal
Finland’s Fennovoima ends plans for Russian-built nuclear plant
Date: May 2, 2022
By Anne Kauranen HELSINKI (Reuters) – Finnish-led consortium Fennovoima said on Monday it had terminated a contract for Russia’s state-owned Rosatom to build a nuclear power plant in Finland, citing delays and increased risks due to the war in Ukraine. The announcement ended months of uncertainty over the planned plant in Finland’s cape of Hanhikivi,...
Romania central bank’s April FX reserves up 40.50 billion euros
Date: May 2, 2022
(Reuters) – The Romanian central bank’s foreign exchange reserves, excluding 103.6 tonnes of gold, rose by 358 million euros ($376.65 million) to 40.50 billion euros at the end of April, the bank said on Monday. Inflows were 3.56 billion euros and included changes in credit institutions’ foreign currency-denominated required reserves and inflows into the finance...
Goldman Sachs slashes credit exposure to Russia
Date: May 2, 2022
(Reuters) -Goldman Sachs Group Inc reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a regulatory filing on Monday. The bank said market exposure tied to Russia and total exposure to Ukraine were not material. In March, Goldman Sachs became...
Deliveroo suspends pay cut for UAE delivery riders after rare worker strike
Date: May 2, 2022
By Alexander Cornwell DUBAI (Reuters) -Deliveroo has suspended plans that would cut rider earnings in the United Arab Emirates after a rare strike by foreign delivery workers in the Gulf Arab state over working conditions disrupted services on Sunday. In an email to restaurants on Monday, seen by Reuters, Deliveroo said it was pausing what...
Factbox-Who is buying Russian crude oil and who has stopped
Date: May 2, 2022
(Reuters) – Here is the response by countries regarding purchases of Russian oil since the war in Ukraine started on Feb. 24 and how companies have acted. COUNTRIES’ RESPONSES Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been...
Brief crash hits European stocks in holiday-thinned trading
Date: May 2, 2022
By Stine Jacobsen and Nikolaj Skydsgaard COPENHAGEN (Reuters) – European stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous trade on a day where a holiday thinned trading activity. The Stockholm benchmark stock index was amongst the hardest hit and after falling by 8% at...