(Reuters) – Russia’s IKAR agriculture consultancy raised Russia’s wheat production forecast in 2022 by 0.5 million tonnes to 83.5 million tonnes, the consultancy said on Thursday. “It sounds quite conservative if to match it with the currently strong s…
ECB may need to cut growth outlook further -Lagarde
WASHINGTON (Reuters) – The European Central Bank may need to cut its growth outlook further as the fallout of Russia’s war in Ukraine weighs on households and businesses, ECB President Christine Lagarde said on Thursday. “Risks are skewed to the downsi…
Ukraine’s Zelenskiy urges world to send more heavy weapons
LISBON (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Thursday his war-ravaged country needed more heavy weapons to defend itself from Russia’s invasion that threatened Ukraine’s very survival, and he asked Western nations to impose furthe…
UK labour market might defy economic slowdown, BoE’s Bailey says
LONDON (Reuters) – Bank of England Governor Andrew Bailey said the British central bank was watching closely to see if the country’s labour market cools down or whether employers choose to hold on to staff in a slowdown, given the shortage of candidate…
Big companies manage to pass on soaring costs to cash-strapped consumers
By John Revill ZURICH (Reuters) -Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for …
Britain targets first state-by-state U.S. trade deals next month
LONDON (Reuters) -Britain is in talks with around 20 U.S. states to secure individual trade deals as soon as next month, trade policy minister Penny Mordaunt told parliament on Thursday. In the absence of progress towards an overarching UK-U.S. trade a…
For oil refiners, now is the summer of distillate content
By Laura Sanicola (Reuters) – Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of the barrel instead of t…
UK’s HomeServe says in talks with Brookfield for possible offer
(Reuters) -HomeServe Plc said on Thursday it is in talks with Canada’s Brookfield Asset Management for a possible offer for the home repair services firm. Following a sharp rise in HomeServe’s shares on March 24, the Canadian property investment group …
UK and Canada protest Russia’s ‘perverse’ participation in IMF meeting
By David Milliken LONDON (Reuters) – British Finance Minister Rishi Sunak and his Canadian counterpart Chrystia Freeland walked out of an International Monetary Fund (IMF) meeting in Washington to protest the invasion of Ukraine when Russia’s delegate …
British PM Johnson signals visa flexibility with India to win trade deal
By Andrew MacAskill AHMEDABAD, India (Reuters) – British Prime Minister Boris Johnson indicated he was ready to offer more visas to India in return for this year clinching a free-trade deal that could boost annual bilateral trade by billions of pounds….