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By Dragon’s Rock, world’s policymakers plot how to slay stagflation
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EU court rules against compensating Banco Popular investors
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Norway keeps rates on hold, remains on track for June hike
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Makers of Dawn dish soap, Heinz ketchup, Clorox boost defenses against store brand rivals
Exxon, Chevron hit by Q1 market swings, but still post big revenues
Date: April 29, 2022
By Sabrina Valle (Reuters) – The two largest U.S. oil companies on Friday posted big revenues in the first quarter, but both Exxon Mobil Corp and Chevron Corp found themselves tripped up by market fluctuations, though those stand to dissipate in coming months. To be sure, Exxon and Chevron earned $5.5 billion and $6.3, respectively,...
Carrefour upbeat on turnaround after Brazil bolsters sales
Date: April 20, 2022
PARIS (Reuters) – Carrefour said on Wednesday it was confident it would achieve the strategic goals set under its turnaround plan after its sales growth accelerated in the first quarter, thanks notably to strong growth in Brazil. Europe’s largest food retailer reiterated a target to generate free cash flow above 1 billion euros ($1.1 billion)...
Diamond miner De Beers returns to Angola after ten-year absence
Date: April 20, 2022
LUANDA (Reuters) -Diamond miner De Beers has signed two mineral investment contracts with the Angolan government, the Anglo American subsidiary said on Wednesday, in a return to the southern African country it left in 2012. The contracts, for licence areas in the northeast, are for 35 years and give De Beers the rights to explore...
Ukrainian volunteers recount three weeks in Russian captivity, allege beatings
Date: April 19, 2022
By Alessandra Prentice and Sergiy Karazy DYMER, Ukraine (Reuters) – Volodymyr Khropun and Yulia Ivannikova-Katsemon say they were helping people flee villages on the front line in northern Ukraine when they were detained by Russian soldiers over two days in March. Both said they were then held with around 40 other captives on the concrete...
UK energy CEOs urge government action on ‘horrific’ price surge
Date: April 19, 2022
By Susanna Twidale LONDON (Reuters) -CEOs from four of Britain’s leading energy suppliers called for more government action to cushion the impact of prices that are expected to surge in October ahead of peak winter demand. Power and gas prices for millions of households rose 54% from April after regulator Ofgem increased its cap on...
Wall Street ends lower as bond yields jump on growth concerns
Date: April 18, 2022
By Pete Schroeder WASHINGTON (Reuters) – Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness...