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16 May

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(Reuters) -Billionaire Gautam Adani's conglomerate plans to buy Switzerland-based Holcim AG's cement businesses in India for $10.5 billion, becoming the country's No. 2 cement manufacturer in its largest-ever acquisition.

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16 May

Saudi Arabia on track to hit oil output over 13 million bpd by 2027, says minister

Saudi Arabia's energy minister said on Monday the kingdom was on track to increase its oil production to more than 13 million barrels per day by the end of 2026 or the beginning of 2027.

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16 May

Japan's Recruit sees more female executives as key to growth

Glassdoor owner Recruit Holdings says it wants to have women in 50% of its senior executive and managerial roles within 10 years - a rare pledge in a country where men dominate the top echelons of companies, politics and the civil service.

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16 May

Dalian iron ore rebounds on supply woes, easing of China COVID curbs

(Reuters) -Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment.

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16 May

Pay growth momentum slowing among UK employers - survey

British employers expect to raise staff pay by 3%, a big increase by normal standards but far below the current rate of inflation, and there are signs of weaker wage momentum ahead, a survey published on Monday showed.

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16 May

Snowless Davos readies new face for World Economic Forum meeting

Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for a rare springtime version of the event in Davos, the Swiss ski resort that is Europe's highest city.

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16 May

BOJ's Kuroda warns against excess FX volatility

Bank of Japan Governor Haruhiko Kuroda said on Monday that currencies should move stably, reflecting economic fundamentals, because excess volatility such as seen recently would make it hard to make business plans.

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