Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand.
U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world’s largest chip design firms.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources.
Vodafone (VOD.L) is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its chief executive said on Monday.
KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.
The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank’s decision to slash interest rates on Friday, and as a rouble-supportive tax-payment period reaches its peak.
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter.
Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.
The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand.
U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world’s largest chip design firms.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources.
Vodafone (VOD.L) is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its chief executive said on Monday.
KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.
The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank’s decision to slash interest rates on Friday, and as a rouble-supportive tax-payment period reaches its peak.
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter.
Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.
The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.
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