(Reuters) – Russia’s Rosneft offered oil products from its refineries for loading May-June in a tender requiring pre-payment in roubles, three market sources told Reuters on Tuesday. Last week Rosneft has offered 6.5 million tonnes of crude oil via ten…
Finland’s UPM says wage row to deliver long-term benefit
HELSINKI (Reuters) -UPM’s chief executive on Tuesday defended a wage dispute that resulted in a four-month strike costing the Finnish forestry group up to 220 million euros ($235 million), saying it would ultimately benefit from standing its ground. “W…
From weed joke to agreed deal: Inside Musk’s $44 billion Twitter buyout
By Krystal Hu and Anirban Sen (Reuters) – Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk’s $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope …
Be simple in bank capital, Bank of England tells global regulators
By Huw Jones LONDON (Reuters) – The complex system of bank capital buffers could be radically simplified to encourage banks to keep lending in a downturn, Bank of England (BoE) Deputy Governor Sam Woods said on Tuesday. As economies went into a tailspi…
Analysis – Bank of England enters uncharted territory as bond sales near
By David Milliken LONDON (Reuters) – The Bank of England looks set to take its first steps next week towards selling some of the 875 billion pounds ($1.11 trillion) of government bonds it amassed between 2009 and 2021, leading markets into uncharted te…
Almost 200 cases of unexplained acute hepatitis reported in children -ECDC
(Reuters) – Around 190 unexplained cases of severe hepatitis have been reported in children around the world, the European Centre for Disease Prevention and Control said on Tuesday. The outbreak was first reported this month in Britain – which has regi…
Explainer-Scientists investigate hepatitis outbreak in children in Europe and US
By Jennifer Rigby and Natalie Grover LONDON (Reuters) – Health authorities around the world are investigating a mysterious increase in severe cases of hepatitis – inflammation of the liver – in young children. Below is a summary of what is known about …
Warner Bros Discovery adds 2 million subscribers in first quarter
By Eva Mathews and Helen Coster (Reuters) -Warner Bros Discovery said on Tuesday it added about 2 million paid streaming subscribers in the first quarter, at a time when industry pioneer Netflix lost subscribers for the first time in more than a decade…
Engineering group Alfa Laval’s profit hit by Russian provision
STOCKHOLM (Reuters) -Swedish engineering group Alfa Laval reported lower quarterly operating profit than expected on Tuesday and predicted somewhat lower sequential demand for the second quarter. First-quarter operating profit at the maker of products …
European shares close down, Wall Street falls on earnings anxiety
By Chris Prentice and Danilo Masoni WASHINGTON/MILAN (Reuters) -U.S. shares fell on Tuesday and European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and worries over global growth lingered. China’s COVID-19…