GE shares slump as worsening supply chain, inflationary woes pressure profit

A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – General Electric Co (GE.N) on Tuesday said fresh COVID-19 pandemic-related lockdowns in China as well as … Read more

Factbox: Companies count the cost of ditching Russia

April 22 (Reuters) – Multinational companies that announced their exit from Russia, or suspension of activities there, after its invasion of Ukraine have started to calculate losses associated with their decisions. Below is an alphabetical list of firms that have provided cost estimates related to their temporary or permanent halt of business in Russia: AB … Read more

Japan, Russia sign fishing deal despite Ukraine tensions

Russian salmon are displayed at a fish store, amid Russia’s invasion of Ukraine, in Nemuro on Japan’s northern island of Hokkaido, April 11, 2022. REUTERS/Daniel Leussink/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, April 23 (Reuters) – Japan and Russia struck a deal on Tokyo’s fishing quota to catch salmon and … Read more

Indonesia to ban palm oil exports to curb domestic prices

People shop for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register Ban ‘totally unexpected’ – India trade group Govt under pressure to control cooking oil prices Global prices at records this year after Indonesian curbs Edible oils … Read more

UK economy stumbles as consumers, firms brace for downturn

UK retail sales fall 1.4% in March, far more than expected Consumer confidence approaches record low levels S&P Global business survey shows growth slowing, gloomy outlook Bailey says BoE walks tightrope between inflation and recession LONDON, April 22 (Reuters) – Britain’s economy is losing steam as households in the face of a tightening cost-of-living squeeze, … Read more

Big business joins forces to bridge Germany’s growing skills gap

BERLIN, April 22 (Reuters) – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such … Read more

Morning Bid: More of the same

US dollar and Japan yen notes are seen in this photo illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Julien Ponthus. Many recent trends seem to be accelerating across financial markets this morning with notably the dollar climbing … Read more

Oreo-maker, Nestle, Pepsi face pressure from European employees over Russia

NEW YORK/LONDON, April 14 (Reuters) – Oreo-maker Mondelez (MDLZ.O), Nestle (NESN.S) and PepsiCo (PEP.O) face pushback from workers in Ukraine and eastern Europe angered by the companies’ decisions to maintain some business in Russia, according to internal corporate communications reviewed by Reuters and interviews with six workers. The emerging employee activism comes on top of … Read more

EXCLUSIVE Oil traders to cut Russian oil purchases from May 15 – sources

View shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, April 13 (Reuters) – Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid … Read more

EXCLUSIVE Trafigura set to take zinc out of LME system, fueling concern -sources

Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register Traders worry zinc could see volatile moves after nickel chaos LME says aware of zinc tightness, monitoring all metals Zinc market tight after smelter cutbacks on high energy costs LONDON, … Read more