TORONTO – Canadian economic activity expanded at its fastest pace on record in March, Ivey Purchasing Managers Index (PMI) data showed on Wednesday. The seasonally adjusted index rose to 74.2…
By Huw Jones LONDON – The European Union must cut its heavy reliance on derivatives clearing in London in the same way as the bloc is ending its dependency on…
BERLIN – German flag carrier Lufthansa said it would cancel some domestic flights to Frankfurt from Thursday, an announcement that follows a staffing shortage warning from Germany’s biggest airport operator,…
BERLIN – Germany’s biggest airport operator Fraport said on Twitter on Wednesday it had to cancel flights as it was struggling to hire enough people after massive job cuts due…
(Reuters) – Cessna business jet maker Textron Aviation on Wednesday announced a firm order for five Cessna CJ3+ light jets with options for 25 more, as surging private air travel…
SHANGHAI – China on Wednesday issued a draft law on financial stability in a bid to further strengthen safety nets to prevent systemic financial risks in the world’s second biggest…
By Bhanvi Satija (Reuters) – A group of celebrity investors including Gwyneth Paltrow, Cameron Diaz and Drew Barrymore are backing telehealth startup Evernow, which raised $28.5 million in funding. Evernow…
JOHANNESBURG – Russian aluminium giant Rusal, whose global operations have been hobbled by the war in Ukraine, has exported its first bauxite shipment from its mines in Guinea in nearly…
ZURICH – Risks of rising inflation could prompt the Swiss National Bank to start exiting its ultra-loose monetary policy, the International Monetary Fund (IMF) suggested on Wednesday. Although uncertainty remains…
SINGAPORE – HSBC Holdings has launched a fund to capture investment opportunities in the metaverse for its rich clients in Hong Kong and Singapore as financial services companies tap into…
(Reuters) – The International Energy Agency (IEA) will release 120 million barrels of oil to ease prices, half of which would come from the United States, while other IEA members…
By Tim Hepher PARIS -Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry’s overall outlook…
MUMBAI – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said on Wednesday, days after abandoning…
(Reuters) – New car sales in Russia fell 62.9% year-on-year in March, contracting for a ninth straight month, as the industry encountered an acute shortage and soaring prices caused by…
By Huw Jones LONDON -European investor campaign group Better Finance said on Wednesday it has set up a foundation to help 30,000 investors recover the 1.5 billion euros ($1.6 billion)…
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a…
BEIJING – China’s cabinet on Wednesday held out the prospect of more measures to support an economy under pressure from a slowing global recovery, volatile commodity markets and COVID-19 outbreaks.…
By Jorgelina do Rosario LONDON – Asset managers Blackrock Inc. and Ashmore Group Plc. are among the top holders of Sri Lanka’s international bonds that form part of a creditor…
(Reuters) – The cost of insuring exposure to corporate bonds surged on Wednesday as stock markets tumbled on worries of aggressive U.S. rate hikes hurting growth and further Western sanctions…
By Uday Sampath Kumar and Mehr Bedi (Reuters) – Wedding guests should prepare for a few surprises at this year’s post-pandemic U.S. nuptials as people discard their sweatpants for sheer…
By Josh Horwitz and Kevin Yao SHANGHAI – China’s top European business group warned on Wednesday that its “zero-COVID” strategy was harming the attractiveness of Shanghai as a financial hub,…
By Phoebe Fronista and Karolina Tagaris ATHENS -Thousands protested in Athens on Wednesday during a day-long nationwide strike over what workers call a “deepening crisis” of rising prices and squeezed…
By Krystal Hu NEW YORK – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social…
MILAN – Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to…
(Reuters) – The average interest rate on the most popular U.S. home loan kept climbing last week to stay at more than a three year high, a survey showed on…