Vietnam legislature approves president’s resignation amid graft crackdown

HANOI (Reuters) – Vietnam’s legislature on Wednesday approved the resignation of President Nguyen Xuan Phuc, state media reported, amid a major escalation of the Southeast Asian country’s anti-graft campaign. Vice-President Vo Thi Anh Xuan would be acting president, state media said. Sources said a new president is likely to be named at the next meeting …

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Britons shun new computers and TVs in cost-of-living crisis, says Currys

By James Davey LONDON (Reuters) -Britons spent big on energy efficient appliances in the Christmas trading period but avoided computers and televisions as they battled a cost-of-living crisis, electricals retailer Currys said on Wednesday. The group said like-for-like revenue in its UK and Ireland business fell 5% in the 10 weeks to Jan. 7, partly …

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French grid operator RTE upbeat on power supply, warns on strikes

By Forrest Crellin and Benjamin Mallet PARIS (Reuters) -France’s RTE power grid operator said on Wednesday the threat of power outages has receded after milder temperatures lowered consumption but warned a looming nationwide strike could impact nuclear supply. RTE said in a report that power consumption had fallen 8.5% since the start of the winter, …

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Yen cae después de que BoJ mantuvo su política ultralaxa; libra toca máximos de un mes

Por Ankur Banerjee y Samuel Indyk SINGAPUR/LONDRES, 18 ene (Reuters) – El yen caía frente a las principales divisas el miércoles después de que el Banco de Japón mantuvo sus tasas de interés ultrabajas, decepcionando a algunos inversores que esperaban que la entidad relajara aún más su política de control de la curva de rendimientos. …

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Steinhoff jumps after raising $342 million from share sale of discounter Pepco

JOHANNESBURG (Reuters) – Debt-laden Steinhoff International jumped more than 8% after raising 315.2 million euros ($342 million) on Wednesday from selling 38 million shares or 6.6% of retail group Pepco via an accelerated book build. Shares in Steinhoff rose as much as 8.2% after the results of the book build, before paring gains to 6.12% …

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Steel recycler beats wind firm to become world’s most sustainable company

By Virginia Furness and Simon Jessop LONDON (Reuters) – As boardroom bosses and billionaires mingle in the snowy streets of Davos, corporate sustainability is a key topic of discussion. Yet which company is the world’s most sustainable? Rather surprisingly, research firm Corporate Knights says the answer is Schnitzer Steel Industries, a U.S. scrap steel recycler, …

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Nigeria fin min says debt trajectory sustainable, no 2023 bond sale – BBG TV

LONDON (Reuters) – Nigeria’s debt trajectory is sustainable the country’s finance minister said on Wednesday, adding that it planned to bring its key debt service-to-revenue ratio down sharply this year and would not borrow on the international capital markets. Nigeria’s government spent 80% of its revenue on debt servicing last year, a ratio that could …

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