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25 May

Volkswagen in $242 million UK 'dieselgate' settlement

LONDON (Reuters) -Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal, litigation funder Therium and the German carmaker said on Wednesday.

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25 May

BlackRock's Fink says clients must decide how to navigate energy transition

(Reuters) -BlackRock Inc Chief Executive Laurence Fink on Wednesday said clients must decide for themselves how to navigate the energy transition, positioning the world's largest asset manager in the middle ground of a debate over what role financial companies should play in addressing climate change.

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25 May

India's palm oil imports could hit 11-yr low as soyoil rises

India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said.

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25 May

BlackRock CEO Fink says clients must decide how to navigate energy transition

BlackRock Inc Chief Executive Laurence Fink on Wednesday said clients must decide for themselves how to navigate the energy transition.

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25 May

'Pay more attention' Ethereum co-founder says of crypto crash

Ethereum's co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.

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25 May

S.Africa's central bank flags inflation as major risk to domestic financial system

South Africa's central bank said on Wednesday the risk of a spillover of the Russia-Ukraine war could hurt the country's financial stability through rising food and fuel inflation, lower economic growth and high unemployment.

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25 May

Marketmind: Whack-a-mole on markets

While investors obsess over what the world's biggest central bank might do next, the uneasy calm prevailing in global markets is under threat.

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  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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