BUSINESS

Russian gas stop promises 'sharp recession' for Germany

BlackRock Inc showed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets.

BlackRock's executives told analysts on Wednesday that the firm's diversified business model should help it weather a challenging environment for asset managers this year, but said fee income could suffer.

Yen drops to 20-year low against dollar

China's top offshore oil and gas producer CNOOC Ltd.

BlackRock Inc plans to launch its first product in China's $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly, two people with direct knowledge of the matter told Reuters.

China's imports fall as Covid outbreaks, lockdowns hit demand

Britain's GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S.

Tesco, Britain's biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike.

Endangered pangolins get fresh chance in S.African clinic

The Bank of Japan (BOJ) will not introduce a digital yen as a means to achieve negative interest rates, an idea sometimes discussed in academic circles, a senior central bank official said on Wednesday.

Iliad is considering buying into Telecom Italia's (TIM) domestic consumer services operations as part of the French phone group's push to strengthen its Italian business, two sources familiar with the matter said.

Biden gives 'crime scene' Ukraine $800 mn to hold off Russia

Tattoos embellish scars, heal wounds in Brazil

Swiss chocolate maker Barry Callebaut will keep operating in Russia to help customers and employees there, even though images from the war in Ukraine create "enormous pressure," it said on Wednesday.

Swiss chocolate maker Barry Callebaut will keep operating in Russia to help its customers and employees there, even though images from the war in Ukraine create "enormous pressure," it said on Wednesday.

Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday.

It's been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling in the United Arab Emirates

Mariupol's tunnel warriors seek to slow Russian onslaught

iPhone, Macbook makers halt Shanghai production over Covid

Global stocks mostly up despite another historic inflation report

Big Japanese firms including Sumitomo Mitsui Financial Group, Tokyo Electric Power (Tepco) and Mitsubishi Corp will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year.

Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while floundering peace talks between Russia and Ukraine kept oil hovering near recent highs.

Tunisia TV series sparks polygamy row

Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other leaders, citing concerns about the discretion used to award the pay and lack of disclosures.

Oil prices edged higher on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.

Oil prices edged up on Wednesday after Moscow said peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fuelling concerns about growth and oil demand in the world's top consumers.

Oil prices climbed on Wednesday on worries that sliding output in sanctions-hit Russia, the world's second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end.