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RUB Firms to 7Year High Past 53 vs Dollar in Moscow Trade

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 22 Reuters The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia39;s trade surplus. At 0734 GMT, the […]
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Sterling Retreats as UK Inflation Hits new 40Year High

LONDON, June 22 Reuters The British pound pulled back on Wednesday after data showing UK consumer inflation hit a new 40year high raised fresh worries over an economic slowdown, just as the Bank of England looks set for more interest rate hikes in the coming months. Soaring food prices pushed consumer inflation to 9.1 in […]
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European Stocks Resume Selloff on Sliding Commodities

Oil majors slide as crude dives Defensives post small losses Mowi falls after share placing June 22 Reuters European stocks hit fresh oneyear lows on Wednesday as a fall in oil and metal prices hurt commodityrelated stocks, while surging UK inflation revived worries about slowing global growth. Global equities stabilised in the past two sessions […]
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Yen Drops to Fresh 24Year Low vs U.S. Dollar

Japanese PM says BoJ should keep ultraloose monetary policy Euro up after ECB opens door to heftier September rate rise Sterling gains after hawkish comment from BoE official NEW YORKLONDON June 21 Reuters The Japanese yen plunged against the U.S. dollar on Tuesday to its lowest since October 1998, as the Bank of Japan39;s ultraloose […]
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Indian Shares Drop over 1 after Pullback Rally Fizzles

BENGALURU, June 22 Reuters Indian shares fell more than 1 on Wednesday, with the metal index plunging over 4, while global investors remained concerned over monetary tightening policy and recession fears. The NSE Nifty 50 index fell 1.09 to 15,468.5, as of 0443 GMT, while the SP BSE Sensex dropped 0.9 to 52,026.81. Both indexes had clocked […]
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Toyota Cuts July Global Production Plan by 50,000 Vehicles

TOKYO, June 22 Reuters Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID19 parts supply disruptions continued to curb output. The world39;s largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement. As it remains difficult to look ahead […]
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Harley Names Former PWC exec Maraj, EV Units Finance Chief

June 22 Reuters HarleyDavidson Inc on Wednesday named former PricewaterhouseCoopers LLP PWC executive Tralisa Maraj as chief financial officer of its electric bike unit, LiveWire. Maraj, whose appointment is effective immediately, was earlier CFO of Canada39;s CGX Energy Inc. Milwaukeebased Harley in December announced that it would take LiveWire public though a merger with a blankcheck […]
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Blockchain Payment Company Roxe to Go Public via SPAC Deal

June 21 Reuters Blank check company Goldenstone Acquisition Ltd said late on Tuesday that it has entered into a deal with blockchainbased payments company Roxe Holding Inc to take it public for a combined enterprise value of about 3.6 billion. The deal bucks an unfavorable market environment with cryptocurrencies plunging in value and investors largely losing […]
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