Global LNG markets brace for unknowns ahead of winter
Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top...
International
Russian central bank slashes key rate, sees room to cut further
Russia’s central bank lowered its key interest rate to 11 per cent on Friday and said it saw room for more cuts this year, as...
Lebanese pound trades at record low of 35,000 to the dollar
Lebanon’s pound traded at a record low of more than 35,000 to the dollar on Thursday, according to currency exchange platforms and traders, as divisions...
Turkish lira weakens ahead of central bank meeting
Turkey’s lira fell some 0.5 per cent on Thursday to 16.45 against the dollar, touching its weakest level since December ahead of the central bank’s...
Apple’s iPhone development schedule delayed by China lockdowns
Apple Inc (AAPL.O) has told its suppliers to speed up iPhone development after China’s strict COVID-19 lockdowns hampered the schedule for at least one of...
Amazon.com faces record challenges at shareholder meeting
Amazon.com Inc (AMZN.O) faces 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday, a record for the retail and cloud computing...
Britain’s M&S pulls out of Russia and warns on outlook
British retailer Marks & Spencer (MKS.L) will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid...
Nike not renewing franchise agreements in Russia
US sportswear maker Nike (NKE.N) has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit...
Ralph Lauren expects margins to grow as the affluent shrug off inflation
Ralph Lauren Corp (RL.N) on Tuesday forecast higher sales and improved margins for the year as demand for its luxury clothing and accessories from its...
Social media firms sink after bleak warning from Snapchat parent
Snap Inc’s (SNAP.N) shares plunged nearly 40 per cent on Tuesday after a profit warning from the Snapchat parent signalled tough times ahead for the...
