Monday 25 April 2022

Reuters Business: Indonesia export ban will not include crude palm oil - sources

Indonesia export ban will not include crude palm oil - sources

Indonesian government officials told palm oil companies on Monday that an export ban announced late last week would cover shipments of refined, bleached, deodorized (RBD) palm olein but not crude palm oil, two industry sources told Reuters.

Musk's Starlink inks deal with Hawaiian Airlines for in-flight internet

Elon Musk's Starlink signed a deal with Hawaiian Airlines Inc on Monday to provide the carrier's trans-Pacific fleet with in-flight wireless internet, the airline said.

Activision Blizzard's quarterly adjusted sales misses estimates

Videogame publisher Activision Blizzard Inc missed estimates for first-quarter adjusted sales on Monday, hurt by low demand for its latest title "Call of Duty: Vanguard".

EXCLUSIVE Twitter set to accept Musk's 'best and final' offer-sources

Twitter Inc is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price that he originally offered to the social media company and called his 'best and final', people familiar with the matter said.

Futures extend selloff after rough week

U.S. stock index futures fell on Monday, signaling a fresh round of selloff on Wall Street as fears over China's COVID-19 outbreaks spooked investors already concerned about aggressive U.S. interest rate hikes.

Stocks, oil tumble as recession worry offsets French vote relief

Traders ditched riskier assets on Monday as relief over Emmanuel Macron's victory in the French presidential election quickly gave way to renewed concerns about the impact of rising interest rates on global economic growth.

Port of Rotterdam feels impact of sanctions on Russia

Europe's biggest port Rotterdam said that goods throughput fell by 1.5% in the first quarter as trade was hit by the impact of sanctions on Russia, and it expects the conflict in Ukraine to hit volumes for the full year.

Russia's Rosatom and Nornickel plan lithium project, RIA reports

Russia's state-owned nuclear power supplier Rosatom and metals producer Nornickel plan to develop a lithium deposit in the northwestern Murmansk region, RIA news agency reported on Monday, citing Rosatom.

NYC pension leaders urge fossil fuel lending curbs, late boost for activists

New York City pension leaders said the $262 billion system will mostly favor calls for sharp limits on fossil fuel lending at top banks this week, giving a late boost to activists who have gained little backing from proxy advisers.

Coca-Cola results exceed expectations on higher prices, stable demand

Coca-Cola Co beat quarterly revenue and profit expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.

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