Business

Carmakers owe compensation for emissions cheating devices, German court rules

Monday, June 26 by SRN News

(Reuters) -Carmakers must pay compensation for diesel vehicles fitted with illegal emissions controlling devices, Germany’s highest federal court ruled on Monday, in a case that could potentially cost Volkswagen, Mercedes-Benz and others millions of euros. Companies could owe owners between 5% and 15% of... Read More.

Factbox-Sri Lanka’s domestic debt rework targets IMF goals, economic recovery

Monday, June 26 by SRN News

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by... Read More.

Futures dip as Russia turmoil dampens global mood

Monday, June 26 by SRN News

(Reuters) – U.S. stock index futures slipped on Monday after a short-lived revolt in Russia over the weekend, while investors await economic data to gauge the impact of the Federal Reserve’s aggressive monetary tightening on the U.S. economy. Traders... Read More.

Marketmind: World markets calm after Russia drama

Monday, June 26 by SRN News

A look at the day ahead in U.S. and global markets from Mike Dolan. More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. Fractious geopolitics have been front of... Read More.

Oil markets shrug off Russian political turmoil

Monday, June 26 by SRN News

By Noah Browning LONDON (Reuters) – Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest... Read More.

New rules aim to clamp down on corporate greenwashing

Monday, June 26 by SRN News

By Huw Jones and Simon Jessop LONDON (Reuters) – Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on... Read More.

Amazon workers in Leipzig start 48-hour strike for higher wages

Monday, June 26 by SRN News

(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union ver.di said. The workers want a collective labour agreement that includes a 2.5... Read More.

China’s JD.com to open grocery stores by merging 7Fresh, other units

Monday, June 26 by SRN News

BEIJING (Reuters) – Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm Pinpin, a company spokesperson said on Monday. Beyond opening actual... Read More.

Analysis-Latin America, after record tightening, could lead way on rate cuts

Monday, June 26 by SRN News

By Marion Giraldo MEXICO CITY (Reuters) – Latin America’s major central banks, which have led some of the most aggressive tightening over the last two years, may now be poised to lead the world on interest rate cutting amid clear signs... Read More.

Defence stocks drag European shares down after aborted Russian mutiny

Monday, June 26 by SRN News

By Amruta Khandekar (Reuters) -European shares fell on Monday, with defence stocks leading declines after an aborted mutiny in Russia over the weekend, while financial stocks dragged on mounting concerns of global interest rates staying higher for longer. The pan-European STOXX 600 index was down 0.4%... Read More.

Current Weather

Carmakers owe compensation for emissions cheating devices, German court rules

Factbox-Sri Lanka’s domestic debt rework targets IMF goals, economic recovery

Futures dip as Russia turmoil dampens global mood

Marketmind: World markets calm after Russia drama

Oil markets shrug off Russian political turmoil

New rules aim to clamp down on corporate greenwashing

Amazon workers in Leipzig start 48-hour strike for higher wages

China’s JD.com to open grocery stores by merging 7Fresh, other units

Analysis-Latin America, after record tightening, could lead way on rate cuts

Defence stocks drag European shares down after aborted Russian mutiny

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