Economic News

ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse.

TOKYO (Reuters) – A U.S. diplomatic convoy came under fire on Monday in Sudan, U.S. Secretary of State Antony Blinken said on Tuesday, adding that initial reports suggested that it was carried out by forces associated with Sudan’s paramilitary Rapid Support Forces.

By Arathy Somasekhar (Reuters) – Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.

SEOUL (Reuters) – J-Hope, a member of Grammy-nominated K-pop boy band BTS, will begin his mandatory military service in South Korea on Tuesday, local media reported, the second member of the group to do so.

By Scott Murdoch SYDNEY (Reuters) – Asia’s share markets were in a cautious mode on Tuesday as global investors waited to see whether China recorded a first quarter bounceback from its punishing pandemic lockdowns that led to a major economic slowdown.

(Reuters) – Russian President Vladimir Putin has visited security forces in parts of Ukraine that Russia says it annexed last year, as Group of Seven foreign ministers meeting in Japan condemned a Russian plan to station nuclear weapons in Belarus.

By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a potential buyout of Hong Kong’s leading telecoms company HKBN Ltd, which is currently valued at $1 billion, four people with knowledge of the matter said.

(Reuters) – China’s economy grew at a faster-than-expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December.

(Reuters) – The International Monetary Fund said its executive board had approved a four-year $15.6 billion loan programme for Ukraine, part of a global $115 billion package to support the country’s economy as it battles Russia’s 13-month-old invasion.

SHANGHAI (Reuters) – Japanese automaker Nissan Motor aims to have seven electric vehicle (EV) models by 2026 and 80% of its line-up to be electric by 2030, chief operating officer Ashwani Gupta said on the sidelines of the Shanghai auto show on Tuesday.

WELLINGTON (Reuters) – Fiji must take urgent action to reduce a debt burden that exceeds 90% of gross domestic product or put at risk its recovery from the COVID pandemic and plans for sustainable economic development, the World Bank said on Tuesday.

JERUSALEM (Reuters) – A gunman opened fire on a vehicle in Jerusalem on Tuesday in a suspected shooting attack, Israeli police said. Two people were wounded, Israel’s ambulance service said and officers were searching for the suspect, police said.

By Medha Singh and Lisa Pauline Mattackal

STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck.

By Kate Abnett STRASBOURG, France (Reuters) – The European Parliament holds its final vote on Tuesday on whether to approve sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc’s carbon market.

By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while investors awaited data from China that will highlight the extent of the recovery

(Reuters) – Ecuador’s President Guillermo Lasso said he will dissolve congress and call early elections if he does not muster enough support among legislators, the Financial Times reported on Tuesday citing an interview with Lasso.

PESHAWAR, Pakistan (Reuters) – A landslide during a thunder and lightning storm on the main road through northwest Pakistan’s Khyber Pass buried at least 10 trucks on Tuesday and dozens of people were feared trapped, officials said.

TOKYO (Reuters) – Russia is breaking its promises to countries around the world that are dependent on grain that has not been able to get out of Ukraine over the last few days, U.S. Secretary of State Antony Blinken said on Tuesday.

A look at the day ahead in European and global markets from Kevin Buckland