Monday 16 May 2022

Reuters Business: Futures slip as China data sparks growth fears

Futures slip as China data sparks growth fears

U.S. stock index futures fell on Monday as downbeat data out of China stoked fresh concerns about a global economic slowdown at a time when investors are already on edge over aggressive policy tightening by the Federal Reserve.

Ryanair cautious about 'fragile' recovery, berates Boeing

Ryanair said it was impossible to give detailed guidance beyond hoping to return to "reasonable profitability" this year amid uncertainties over COVID-19 and the Ukraine war, knocking its shares after posting a smaller annual loss.

Barclays to refile U.S. statements this month, resume buyback

Barclays said it expects to refile financial statements with U.S. regulators by the end of May, paving the way to resume a 1 billion pound ($1.23 billion) buyback programme it halted following a trading blunder earlier this year.

Morning Bid: COVID lockdowns may end but China is still sneezing

A look at the day ahead in markets from Sujata Rao.

Turkey's FLO in talks to take over Reebok's stores in Russia

Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on Monday, as Western companies rush to comply with sanctions over the Ukraine conflict.

Another Sberbank executive leaves the sanctioned Russian lender

Russia's dominant lender Sberbank said on Monday one of its senior vice presidents had left, the latest executive to resign since Moscow sent troops into Ukraine in February.

Israel economy contracts in first quarter after 2021 surge

Israel's economy contracted in the first quarter after a robust 2021, led by declines in exports and in consumer and government spending, the Central Bureau of Statistics said on Monday.

Annual Irish house price growth 15.2% vs 15.1% month earlier

Annual Irish residential property price growth hit a fresh seven-year high of 15.2% in March, up from 15.1% a month earlier, Central Statistics Office data showed on Monday.

Germany to reject EU green investment label for nuclear power

Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its "taxonomy" policy for labelling green investments, the government said on Monday.

Carlyle in talks to buy U.S. defense contractor ManTech, Bloomberg reports

Private equity firm Carlyle Group Inc is in advanced talks to buy U.S. defense contractor ManTech International Corp in a deal valuing it at about $4 billion, Bloomberg News reported on Sunday, citing people familiar with the matter.

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