Economic News

By Filipp Lebedev and Gleb Stolyarov (Reuters) – A Chinese company bought at least $7.4 million worth of copper alloy ingots from a plant in a Russian-annexed region of Ukraine that is subject to Western sanctions, according to Russian customs data reviewed by Reuters.

By Howard Schneider ATLANTA (Reuters) – One more quarter-percentage-point interest rate hike can allow the Federal Reserve to end its tightening cycle with some confidence inflation will steadily return to the U.S. central bank’s 2% target, Atlanta Fed President Raphael Bostic said.

BRUSSELS (Reuters) – Eva Kaili, the former European Parliament vice president accused of accepting bribes in one of the biggest scandals to hit European Union institutions, was released from custody to house arrest on Friday.

By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday.

A look at the day ahead in U.S. and global markets from Mike Dolan

BEIJING (Reuters) – China denied on Friday that it had imposed a no-fly zone in the seas north of Taiwan for Sunday, even though Taipei said it was told by Beijing that China would impose one.

(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin.

PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany.

(Reuters) – Asian bonds secured their biggest monthly foreign inflows in thirteen months in March on hopes that major central banks would end their rate-hike cycle soon to boost the economies from a slowdown.

TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it had not spotted any Chinese military aircraft crossing the sensitive median line of the Taiwan Strait in the past 24 hours, following days of military drills by Beijing around the island.

(Reuters) – European Union foreign policy chief Joseph Borrell said it would be hard for Europe to trust China if it did not try to find a political solution to the Ukraine crisis.

By Aziz El Yaakoubi and Mohammed Alghobari

(Reuters) – Chinese Defence Minister Li Shangfu and his Russian counterpart Sergei Shoigu will discuss global and regional security at planned talks on April 16-18, the defence ministry in Moscow said on Friday.

MILAN (Reuters) – Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday.

(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May.

By Fabian Cambero and Divya Rajagopal SANTIAGO (Reuters) – Lundin Mining Corp’s bid for control of Chile’s Caserones copper mine comes despite ongoing uncertainty over potential policy changes to royalties and taxes, an indication that investors may be regaining confidence in the world no.1 copper-producing country.

SANAA/ADEN (Reuters) – The release and swap of nearly 900 detainees by the two sides in Yemen’s conflict began on Friday, the International Committee of the Red Cross said, a significant confidence building measure amid peace talks between Saudi envoys and the Houthi group.

BEIJING (Reuters) – China’s public security ministry said it will launch a campaign to crack down on online rumours, the ministry’s WeChat notice showed on Friday.

SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest rate unchanged, a Reuters survey of traders and analysts showed.

LONDON (Reuters) – The number of jobs being advertised online in Britain on April 6 was 18% lower than a year earlier, though up 1% from the week before, according to weekly data from recruiter Adzuna released by Britain’s Office for National Statistics.