Reuters

MOSCOW (Reuters) - A Russian court cancelled the seizure of part of JPMorgan Chase's funds in Russia in a dispute with Russian state-owned bank VTB, according to a court document.

JPMorgan said in a filing on Wednesday that its assets in Russia may be seized after lawsuits in Russian and U.S. courts.

The bank faces several legal challenges over its Russian dealings after the U.S. and European nations imposed economic sanctions on Russia... (continue reading...)

TOKYO (Reuters) - Japanese household spending probably accelerated its pace of declines in March, a Reuters poll showed on Thursday, underscoring the difficulties facing policymakers keen to engineer self-sustaining economic growth and normalise monetary policy.

March household spending could fall 2.4% from the same month a year earlier, compared with the prior month's 0.5% decline, according to the poll of 16 economists.

That would mark... (continue reading...)

By Jacob Gronholt-Pedersen

COPENHAGEN (Reuters) -Shipping group Maersk on Thursday reported first-quarter earnings above expectations and lifted the lower end of its full-year profit guidance range, supported by higher demand and the diverting of vessels away from the Red Sea.

"Demand is trending towards the higher end of our market growth guidance and conditions in the Red Sea remain entrenched," CEO Vincent Clerc said in a statement.

By Ron Bousso

LONDON (Reuters) - Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil trading and higher refining margins.

The oil major also announced it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its dividend remained unchanged.

"Shell delivered another quarter of... (continue reading...)

By Gavin Maguire

LITTLETON, Colorado (Reuters) - The four-month window from May through August marks the high point for power generation and demand in the state of Texas, the largest U.S. user of fossil fuels for power generation and the country's top power sector emitter.

A key driver of Texas power demand is an annual climb in air conditioner use by homes and businesses during the hottest time of year, when average temperatures can... (continue reading...)