Financial News

By Giuseppe Fonte and Gavin Jones ROME -Italy on Wednesday slashed its growth estimate for this year as the war in Ukraine weighs on the economy, while confirming a previous …

NEW YORK – Federal Reserve officials “generally agreed” last month to trim $60 billion per month from the U.S. central bank’s Treasury holdings and $35 billion from its holdings of …

SAO PAULO – Nissan Motor Co on Wednesday said it will invest 1.3 billion reais ($276.12 million) in its plant in Resende in the Brazilian state of Rio de Janeiro …

By Rajesh Kumar Singh and Nathan Gomes (Reuters) -JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying …

(Reuters) – Blank-check firm Spinning Eagle Acquisition Corp, backed by former Hollywood executives Harry Sloan and Jeff Sagansky, on Wednesday filed to withdraw its U.S. initial public offering of up …

By Helen Reid JOHANNESBURG – South Africa’s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, …

BRUSSELS – Ukraine will need a reconstruction plan after the war with Russia similar to the one the United States offered to Europe after the Second World War, European Budget …

FRANKFURT – Inflation in the euro zone is high and the European Central Bank may soon need to raise interest rates as a result, Bundesbank President Joachim Nagel told broadcaster …

(Reuters) – Russian stock indexes fell on Wednesday, hit by a new set of Western sanctions over Moscow’s actions in Ukraine, while the rouble rallied in thin trade to a …

WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe Biden said on Wednesday, as …

(Reuters) – WarnerMedia executives who will depart the company in the merger with Discovery include Chief Financial Officer Jennifer Biry, chief executive of studios and network group Ann Sarnoff, Chief …

By P.J. Huffstutter, Tom Polansek and Bianca Flowers CHICAGO – For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end …

By David Shepardson WASHINGTON – JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for Spirit Airlines, potentially snarling merger plans between the ultra-low-cost carrier and Frontier Group …

(Reuters) -Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said on Wednesday, …

(Reuters) – Russia’s lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are registered in Russia and have …

(Reuters) – The Russian ruble’s near complete recovery in recent weeks is not a signal that the Russian economy is weathering the sanctions Washington and its allies have imposed since …

By Susan Mathew and Anisha Sircar (Reuters) – European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting …

(Reuters) -Russian largest and state-run lender Sberbank and the country’s No. 1 private lender Alfa Bank said on Wednesday new sanctions imposed by the United States would not have a …

By Tim Hepher PARIS – European planemaker Airbus delivered between 140 and 142 aircraft in the first quarter, up almost 13% from the same period last year, industry sources said …

By Patturaja Murugaboopathy (Reuters) – European equity funds faced their first monthly outflow in two years in March as the Russia-Ukraine conflict and rising energy prices hurt prospects for profit …

DETROIT – Toyota Motor Corp on Wednesday cut its 2022 outlook for the U.S. auto industry’s new-car sales, citing the struggles in the supply-chain caused by the pandemic and the …

(Reuters) – Crypto exchange Binance.US said on Wednesday it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion. Launched in 2019, …

(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday. …

BUDAPEST -Hungary will aim to keep price caps in place beyond their looming expiry in the first half of 2022 unless inflation eases significantly, Prime Minister Viktor Orban said on …

(Reuters) – The Federal Reserve “has some time” to raise rates towards a more neutral level, Richmond Fed President Thomas Barkin said Wednesday, a counter to calls for a faster …