Reuters Business: China's PBOC pledges policy support to counter pandemic woes

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Reuters Business   Tweet       Share China's PBOC pledges policy support to counter pandemic woes China's central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption. Ferrari says core earnings rose 12% in Q1 thanks to strong order book Ferrari said on Wednesday its core earnings rose 12% in the first quarter as the sports car maker enjoyed a strong order intake, despite the uncertainties marking the global environment this year. Securitas grows profit as demand recovers from pandemic slump Security services group Securitas reported on Wednesday a rise in first-quarter profit that matched expectations helped by strong sales growth in Europe. Policy Watch: Insulation and heat pumps getting short shrift amid rush to fossil fuels Russia's war against Ukraine is forcing Europe to rethink energy security in a bid to become independent of Russian fossil fuel supplies. But just as the Intergovernmental Panel on Climate Change (IPCC) is warning in its latest report that limiting global warming to 1.5 degrees would be beyond reach without "immediate and deep emission reductions across all sectors", Western governments are making decisions that risk the opposite. Musk says Twitter may charge slight fee for commercial, government users The Tesla CEO has been suggesting a raft of changes to Twitter since last month. Kindred shareholder urges Swedish gaming group to consider sale Swedish online gaming group Kindred's shares rose 5% on Wednesday after a major shareholder told the board to consider a sale of the company. Futures rise on earnings reports ahead of Fed decision U.S. stock index futures rose on Wednesday helped by positive earnings updates from companies such as Starbucks and Advanced Micro Devices, with the Federal Reserve likely to deliver the biggest interest rate hike since May 2000. Goldman Sachs to appoint Denny as head of Johannesburg office Goldman Sachs Group Inc will appoint Simon Denny as the head of its Johannesburg office and chief executive officer of Goldman Sachs International Bank Johannesburg branch, the bank said in a statement. Germany urges Vestager to consider company breakups in EU antitrust reforms EU antitrust rules should be beefed up to allow regulators to break up companies for serious breaches, German State Secretary Sven Giegold said on Wednesday, urging EU competition chief Margrethe Vestager to consider this when reforming regulations. Marriott International reports quarterly profit on surge in travel demand Marriott International Inc posted a quarterly profit on Wednesday, compared with a year-ago loss, as a rebound in travel demand boosted occupancy rates across its hotels. Related Videos EU plans phased oil ban on Russia Musk says Twitter may charge slight fee Cryptoverse: VCs double down on investments Sponsors are not involved in the creation of these or any other Reuters news articles. Get Reuters News App To manage which newsletters you're subscribed to, click here. Want to stop receiving this email? Unsubscribe here. To contact us with feedback, reply to this email.                      © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Privacy Policy    |   Terms and Conditions