(Reuters) – Canada-based Mawer Investment management, a top investor in Aveva PLC, plans to reject Schneider Electric’s 9.5 billion pounds ($10.66 billion) takeover offer, the Financial Times reported on Friday. “It’s an opportunistic bid taking advant…
Russia holds votes in occupied parts of Ukraine; Kyiv says residents coerced
(Refiles to remove extraneous word from headline) By Pavel Polityuk KYIV (Reuters) – Russia launched referendums on Friday aimed at annexing four occupied regions of Ukraine, drawing condemnation from Kyiv and Western nations who dismissed the votes as…
IMF’s board seen backing ‘food shock window,’ aiding Ukraine and others
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s board is expected to approve a new “food shock window” in the next few weeks that will allow the global lender to provide emergency funding to Ukraine, the head of the fund’s Euro…
Oil edges higher on Russian supply concerns in volatile trade
By Laura Sanicola (Reuters) -Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Br…
BoE’s Haskel sees tension with government fiscal expansion
By David Milliken LONDON (Reuters) -Bank of England policymaker Jonathan Haskel said the UK central bank was in a difficult position as the government’s expansionary fiscal policy appeared to place it at odds with the BoE’s efforts to cool inflation. “…
Yellen says Russia offering ‘enormous discounts’ on oil to China, India
WASHINGTON (Reuters) – A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said on Thursday, noting that Russia was now offering China and India “enormous discounts” while looking for other ou…
EU watchdog proposes emergency brake for energy markets
By Huw Jones LONDON (Reuters) -A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the European Union’s securities watchdog proposed on Thursday, along with more fundamental changes over time…
Ukraine energy ministry deletes statement on talk of possible Rosatom sanctions
KYIV (Reuters) -Ukraine on Thursday deleted a statement saying Energy Minister German Galushchenko had discussed the possibility of sanctions on Russia’s nuclear power supplier Rosatom with U.S. Energy Secretary Jennifer Granholm. An energy ministry sp…
Analysis-Race to rein in strong dollar is on after Japan intervenes
By Tommy Wilkes and Nell Mackenzie LONDON (Reuters) – The Bank of Japan’s intervention to prop up a freefalling yen has currency investors speculating about which central bank could move next in the face of a soaring dollar. Few think another G7 centra…
Ukraine’s Zelenskiy acclaims commanders freed in prisoner swap
By Valentyn Ogirenko and Aziz El Yaakoubi KYIV/RIYADH (Reuters) – President Volodymyr Zelenskiy hailed as “superheroes” the senior Ukrainian commanders, including those who led the dogged defence of Mariupol, who were freed by Russia as part of a priso…