Financial News

By Nandita Bose, Matt Spetalnick and Alexandra Alper WASHINGTON -The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing …

By Leika Kihara TOKYO -The International Monetary Fund (IMF) cut Japan’s economic growth forecast on Thursday and urged policymakers to consider preparing a contingency plan in case the Ukraine crisis …

By Dave Sherwood HAVANA – U.S. farmers, on a trade tour in Cuba, said on Wednesday they would like to sell more wheat and other farm products to the impoverished …

By Stephen Jewkes and Francesca Landini MILAN -Atlantia found itself at the centre of a potential bidding war on Wednesday between Spanish tycoon Florentino Perez and the Benettons, the Italian …

By Caroline Valetkevitch NEW YORK – Stock indexes fell on Wednesday and the U.S dollar surged to a nearly two-year peak, after the Federal Reserve released minutes from its last …

By Karin Strohecker LONDON – Russia edged closer to a potential default on its international debt on Wednesday as it set aside roubles to pay holders of international bonds that …

DETROIT – General Motors Co on Wednesday announced the launch of an advertising campaign for its Chevrolet Bolt to win back consumers following the expensive recall that had stopped production …

(Reuters) – Toronto-Dominion Bank said on Wednesday its employees will return to offices on a voluntary basis this month, with an official return set for June. The second-largest Canadian lender …

By Timothy Gardner and Liz Hampton WASHINGTON -Oil executives defended themselves in the U.S. Congress on Wednesday from charges by lawmakers that they are gouging Americans with high fuel prices, …

By Krisztina Than, Gergely Szakacs and Nina Chestney BUDAPEST/LONDON -Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has …

By Ananya Mariam Rajesh (Reuters) -Levi Strauss & Co quarterly results beat Wall Street estimates on Wednesday, helped by price increases and strong demand for its jeans, tops and jackets …

By Seher Dareen (Reuters) – Gold prices held steady after Wednesday’s release of the minutes of the Federal Reserve meeting in March, as the metal’s appeal as a safe haven …

By Julie Gordon OTTAWA – With an election looming, Canada’s province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but …

By Gertrude Chavez-Dreyfuss NEW YORK – A surge in hedging to protect against aggressive Federal Reserve tightening has caused liquidity problems in the interest rate options sector, reflecting a trend …

By Paresh Dave OAKLAND, Calif. -Microsoft Corp’s LinkedIn boosted subscription revenue by 8% after arming its sales team with artificial intelligence software that not only predicts clients at risk of …

By Ann Saphir and Lindsay Dunsmuir (Reuters) -The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more decisive blow to soaring …

(Reuters) – The U.S. Securities and Exchange Commission (SEC) is investigating how Amazon.com Inc handled employee disclosures on the use of third-party sellers’ data purportedly to boost its own private-label …

By Steve Scherer OTTAWA -Canada will earmark C$15 billion ($12 billion) over five years for a Growth Fund to attract private investment in new and green technologies, a senior government …

By Gertrude Chavez-Dreyfuss NEW YORK – The dollar surged to a nearly two-year high on Wednesday after minutes of the last Federal Reserve meeting reinforced expectations of multiple half percentage-point …

By Hilary Russ NEW YORK – U.S. workers and labor groups filed 57% more petitions to be represented by unions in the last six months as high-profile organizing campaigns at …

By Katanga Johnson WASHINGTON -A U.S. markets regulator on Wednesday voted to propose new rules that would require platforms that execute trades of security-based swaps to register with the agency …

By Timothy Gardner and Noah Browning WASHINGTON -International Energy Agency states agreed to tap 60 million barrels of oil from storage, the director of the group said on Wednesday, on …

NEW YORK -New York Attorney General Letitia James on Wednesday asked JPMorgan Chase & Co, Bank of America, US Bancorp and Wells Fargo & Co to end all consumer overdraft …

PARIS – President Emmanuel Macron on Wednesday confirmed that a preliminary investigation linked to tax fraud had been launched into the French arm of US consultancy firm McKinsey by France’s …

By David Gaffen NEW YORK -Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply and hawkish minutes from …