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U.S. ITC launches probe related to trade of certain fabrics with S.Korea

The U.S. International Trade Commission said on Friday it has launched an investigation related to the possible impact on the trade of certain fabrics of triacetate filament yarns from a

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Global equity funds see biggest weekly outflow in five weeks

Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes

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Russia to review foreign bank sales case-by case, c.bank says

Russian’s central bank will review deals by foreign banks to sell their Russian operations on a case-by-case basis, the governor Elvira Nabiullina said on Friday, as Moscow has signalled it

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Uniper flags $6.3 billion in losses due to Russian gas crisis

Uniper (UN01.DE) will accumulate losses of 6.2 billion euros ($6.3 billion) due to reduced deliveries of Russian gas that have forced the company, which received a bailout on Friday, to

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Wildfires: Europe’s latest economic headache

When the blaze tore through a forest in Greece last August, swallowing up pine trees and scorching the earth, Stathis Albanis knew his beekeeping trade would suffer. A year on,

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EU gives Hungary a month to act before moving to suspend funds

The European Commission gave Hungary a final month to address its concerns about the rule of law before asking European Union governments to suspend some of the funds Hungary is

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Last orders? Foreign beers remain on Russian shelves months after brewers halt sales

The last orders bell tolled for Bud, Carlsberg and Heineken beers in Russia in early March, but shops across Moscow are still selling off stockpiles months after the brewers said

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