EXCLUSIVE India makes record U.S. soyoil purchases as drought parches South America
Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters.
Singapore to hike taxes on rich as it winds down COVID-19 spending
Singapore will begin implementing a long-flagged increase to its goods and services tax next year, its finance minister said in his budget speech on Friday, while also announcing a slew of tax hikes aimed at higher income groups.
Singapore announces 2022 budget proposals
Following are some excerpts taken from Singapore’s 2022 budget proposals announced by Finance Minister Lawrence Wong to parliament on Friday.
Shortage of Suzuki car mirrors reflects Sri Lanka’s growing economic crisis
Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation – side mirrors for Suzuki’s compact Wagon R.
NatWest earnings soar but rising prices bite
British bank NatWest (NWG.L) swung to a hefty profit on the back of the country’s economic recovery but said rising prices will make it harder to cut overheads, prompting it to lower its cost-cutting target.
Morning Bid: A break in the storm clouds
Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with Russia’s Foreign Minister Sergei Lavrov, raising hopes of a diplomatic solution to the standoff over Ukraine.
Australian state sets minimum pay for Amazon contractors in landmark step
Australia’s New South Wales state ordered employers of freelance delivery drivers such as Amazon.com Inc to pay a minimum rate, a decision hailed by a union as making it the world’s first jurisdiction to compel the retailer to follow laws on such payments.
Orange sees return to core profit growth in 2022
Orange (ORAN.PA), France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish market hit earnings last year.
StanChart bets on rate hikes to hit lofty goals as profit disappoints
Standard Chartered (STAN.L) has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.
Air France-KLM to seek up to 4 bln euros to repay state aid, shares sink
Air France-KLM (AIRF.PA) plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing robust earnings on a recovery in air travel and sending its shares down more than 4%.
