Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Exclusive: India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

Bird flu puts organic chickens into lockdown from Pennsylvania to France

Bird flu puts organic chickens into lockdown from Pennsylvania to France

CHICAGO/PARIS, May 2 (Reuters) – Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no longer roam as freely or feel the sun on their beaks as some US and European farmers temporarily keep flocks inside during lethal outbreaks of bird flu, according to egg … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Russia's Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Cucumber crisis: surging energy prices leave British glasshouses empty

Cucumber crisis: surging energy prices leave British glasshouses empty

Cost of growing a cucumber to jump from 25p to 70p High energy costs mean crops not planted Pressures likely to push food prices higher ROYDON, England, March 31 (Reuters) – In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow … Read more

European stocks set for biggest quarterly drop since 2020

European stocks set for biggest quarterly drop since 2020

LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine braced for fresh attacks. The MSCI World Equity index was down 0.3% on the day (.MIWD00000PUS), while Europe’s STOXX 600 eased 0.2% to sit … Read more

Biden administration weighs largest ever draw from emergency oil reserve- sources

Biden administration weighs largest ever draw from emergency oil reserve- sources

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 30 (Reuters) – The Biden administration is considering releasing up to 180 million barrels of oil over … Read more

Stocks rally pauses, bond markets ponder risks for US economy

Stocks rally pauses, bond markets ponder risks for US economy

Euro STOXX 600 drops 0.6% US bond market signals economic pain ahead Treasury 10-year yields lower Ukraine-Russia negotiations earlier buoyed stocks wall street down LONDON/NEW YORK, March 30 (Reuters) – The US and European equities rally paused on Wednesday as investors took stock of economic and geopolitical risks, while oil prices jumped back around $4 … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

Russia steps up economic retaliation with Eurobond ruble buyback offer

A Russian ruble banknote is seen in front of a descending and rising stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments … Read more

Shares, bond yields jump after “encouraging” Russia-Ukraine talks

Shares, bond yields jump after "encouraging" Russia-Ukraine talks

Shares head higher as Russia and Ukraine talk in Turkey Bond markets continue to flag recession fears German and French consumer confidence drops Yen tries to steady, but heading for worst month since 2016 Russia signals it will default, by paying $ bond in rubles LONDON, March 29 (Reuters) – World share markets and global … Read more

Barclays faces $590 million hit, scrutiny over sales slip-up

Barclays faces $590 million hit, scrutiny over sales slip-up

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, March 28 (Reuters) – British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a US limit on sales of structured products, … Read more