By Max Hunder and Pavel Polityuk KYIV (Reuters) -Russia rained missiles across Ukraine on Thursday and struck its largest oil refinery, Kyiv said, while the head of the Wagner mercenary group predicted the long-besieged city of Bakhmut would take weeks if not months to fall. Following a pattern of heavy bombardments after Ukrainian battlefield or …
Missiles hammer Ukraine as Russia eyes Bakhmut’s capture by April Read More »
By Xie Yu HONG KONG (Reuters) -Adani Green Energy has a refinancing plan which the Indian company will disclose after the fiscal year ends, an executive of the embattled Adani group told bondholders on a call on Thursday, two sources with direct knowledge of the matter said. Adani Group had hired banks to arrange calls …
Adani Green to disclose refinancing plan after fiscal year ends -sources Read More »
JOHANNESBURG (Reuters) -African e-commerce firm Jumia Technologies said on Thursday that cost savings had helped it reduce fourth quarter losses by 30% from a year earlier, with a further sharp drop expected this year. Jumia is on an aggressive cost cutting journey that involves head count reductions, scaling back offerings such as groceries and reducing …
African online retailer Jumia’s Q4 losses narrow on cost savings Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) – Britain’s internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data. The blue-chip FTSE 100 gained 0.2%, off an intra-day record high hit earlier in the …
FTSE 100 closes above 8,000 on positive Centrica, StanChart earnings Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday after President Cyril Ramaphosa defended his decision to appoint a minister of electricity to try to end crippling power cuts. At 1609 GMT, the rand traded at 18.1500 against the dollar, 0.68% weaker than its previous close. Some lawmakers said the appointment would add a layer of …
South African rand weakens against dollar; stocks rise Read More »
LAGOS (Reuters) – Voters in Nigeria, Africa’s biggest economy and most populous nation, head to the polls on Feb. 25 to elect a new president and lawmakers amid growing frustration over unprecedented insecurity, industrial-scale oil theft and surging inflation. President Muhammadu Buhari, who will complete his constitutionally allowed two terms in May, is not on …
Factbox-Nigeria’s election: when is the vote and what’s at stake? Read More »
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to …
Fund industry says proposed U.S. SEC rules would harm retirement savers Read More »
By Ernest Scheyder (Reuters) – Lithium giant Albemarle Corp expects China’s electric vehicle (EV) market to grow 40% this year, or at least by 3 million vehicles, boosting demand for the battery metal in the world’s largest auto market. China’s government has been phasing out subsidies for EVs, but Albemarle said so far those steps …
Albemarle expects 40% Chinese EV market growth to drive lithium demand Read More »
By Valentina Za MILAN (Reuters) -An Italian private equity fund has bought 7.2% of Anima Holding, the bank that handled the deal said on Wednesday, investing in an asset manager likely to be involved in future domestic banking consolidation. The 109 million euro ($116 million) stakebuilding strengthens the grip of Italian investors on a company …
Italian fund buys stake in asset manager Anima in play on bank M&A Read More »
By Tom Westbrook (Reuters) – Stocks rose on Thursday as recent economic data from around the world fed hopes that the global economy might not face as hard a landing as feared a few months ago, even as interest rates threaten to remain higher for longer than expected. France’s CAC 40 hit a record, up …
