(Reuters) – Russia published a detailed list of goods from foreign carmakers, technology companies and consumer brands on Friday that the government has included in a so-called “parallel imports” scheme aimed at shielding consumers from business isolat…
Danone reorganises Chinese assets, cuts ties with Mengniu
PARIS (Reuters) -France’s Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25% stake it holds in milk powder maker Yashili as well as a 20% joint venture participation. In return, Danone will acquire from Y…
UK newspapers at risk as investors shun the sector, report finds
LONDON (Reuters) -British newspaper publishers could be shunned by investors because they do not offer decent returns, threatening the future of a pillar of democracy, a government report said on Friday. Britain’s major newspapers, which include The Su…
Evacuations restart at Mariupol steel plant in Ukraine as Russia tightens grip
By Pavel Polityuk KYIV (Reuters) -Ukraine said 50 civilians were evacuated from a bombed-out steelworks in the city of Mariupol on Friday, accusing Russia of violating a truce intended to allow dozens more still trapped beneath the plant to depart afte…
Poland not near end of rate hike cycle, says central bank head
By Anna Wlodarczak-Semczuk WARSAW (Reuters) – Poland’s central bank is not nearing the end of its policy tightening cycle and will keep raising the cost of credit until it sees a lasting decrease in inflation, its governor said on Friday, after it hike…
Belgian brewer starts global roll-out of Ukraine beer for relief effort
By Clement Rossignol and Christian Levaux LEUVEN, Belgium (Reuters) – The world’s largest brewer launched production of a popular Ukrainian beer in Belgium on Friday and said all profits made from its global sales would go to humanitarian relief in Ukr…
CME explores nickel contract after LME trade chaos -sources
By Pratima Desai LONDON (Reuters) -CME Group is talking to market participants about the idea of a cash-settled nickel contract for companies to hedge costs of the electric vehicle battery raw material, two sources with knowledge of the matter said. Ma…
Swiss press freedom dealt blow in bid for overhaul of bank secrecy rules
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Lawmakers blocked a bid to overhaul strict Swiss banking secrecy rules on Friday in a blow to freedom of information advocates seeking an exemption for journalists and whistleblowers. Switzerland has been und…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
MILAN (Reuters) – An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide losses in one of Italy’s biggest financial scandals. Her…
Poland’s 75 bps rate hike not sign that tightening ending, says central bank head
WARSAW (Reuters) – Thursday’s smaller-than-expected 75 basis point rate hike does not mean that Poland’s central bank is nearing the end of its tightening cycle, central bank governor Adam Glapinski said on Friday. (Reporting by Alan Charlish, Anna Wlo…