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11 May

Ukraine Finance Minister forecasts 45% GDP drop, committed to servicing debt

LONDON (Reuters) -Ukraine's economy is expected to contract by 45% this year, the country's Finance Minister Serhiy Marchenko said on Wednesday, adding his government was committed to servicing its debt in full.

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11 May

Chinese developer Sunac misses bond coupon payment as grace period ends-sources

HONG KONG (Reuters) -Some of Sunac China's bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close of Asia business on Wednesday when a month-long grace period ends, two people with knowledge of the matter said.

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11 May

BMW's energy and raw material needs largely secured for 2022 - CFO

The BMW Group has largely secured its energy and raw material needs for 2022, its Chief Financial Officer Nicolas Peter said on Wednesday, but rising raw material prices could still weigh on results.

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11 May

Election win for Philippines' Marcos shores up family-affiliated stocks

Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit under the incoming administration.

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11 May

Lavrov says Russia has enough energy buyers apart from West

Russia has enough buyers for its energy resources outside of Western countries, Russian Foreign Minister Sergei Lavrov said on Wednesday, as European Union countries try to sharply reduce their reliance on Russian oil and gas.

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11 May

J&J appoints consumer health head Thibaut Mongon to CEO of spun-off business

Johnson & Johnson on Wednesday appointed Thibaut Mongon as the chief executive officer of the consumer health division, which the pharmaceutical giant plans to spin off into a listed company by the end of next year.

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11 May

Twitter ad business could surge as advertisers pin hope on Musk

Elon Musk's $44 billion deal to take Twitter Inc private could mark the end of the social media platform's advertising business, many in the ad industry have worried.

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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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