Financial News

By Francesco Guarascio (Reuters) – The European Commission proposed sweeping new sanctions against Russia on Tuesday including banning coal imports and halting trade worth nearly 20 billion euros ($22 billion) …

By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve Governor Lael Brainard on Tuesday said she expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to …

(Reuters) – Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with …

By Susan Mathew and Anisha Sircar (Reuters) – European shares edged higher on Tuesday as investors awaited a batch of fresh sanctions on Moscow, while France’s blue-chip index slumped after …

By Dawn Chmielewski (Reuters) -WarnerMedia Chief Executive Officer Jason Kilar will depart from the company after the AT&T unit’s merger with media firm Discovery Inc, according to a memo seen …

By Marc Jones LONDON – The world is facing a new era of higher inflation and interest rates as deteriorating ties between the West, Russia and China and COVID after-effects …

By Nichola Saminather TORONTO – Bank of Nova Scotia Chief Executive Officer Brian Porter criticised the Canadian government’s proposed bank tax in prepared remarks to shareholders on Tuesday, calling them …

MADRID – Spain is planning a consumer protection authority which aims to ensure banks and other financial institutions meet obligations towards customers, responding to complaints of unfair mortgage lending, and …

AMSTERDAM – The Dutch minister of finance said on Tuesday that the proposed 2021 pay package for Air France-KLM’s CEO was “incomprehensible” in a year when it lost 3.3 billion …

By Elizabeth Culliford (Reuters) – Twitter said on Tuesday it will not recommend Russian government accounts to users as part of a rule change affecting accounts run by states which …

(Reuters) -Sanctioned Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros, the National Settlement Depository said on Tuesday. …

SAN FRANCISCO – Financial services startup Ghost Financial on Tuesday announced an early round of investment as it rolls out banking-style products to the growing sector of “ghost kitchens,” restaurants …

(Reuters) – Amazon.com Inc labor organizer Christian Smalls said on Tuesday more than 50 warehouses of the e-commerce giant in the U.S. reached out after its warehouse in New York …

By David Shepardson and Heekyong Yang WASHINGTON/SEOUL – The U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday said it is opening a review to ensure all defective batteries produced …

PARIS – All eight logistics centres of U.S. e-commerce giant Amazon in France were hit by staff walkouts tied to a dispute over pay after employees at the Boves centre …

LONDON – The United States has blocked the Russian government from paying owners of its sovereign debt from reserves held at U.S. banks, raising the spectre of default unless Russia …

LONDON – The global coffee market will record a 3.1 million bag deficit in the 2021/22 (October-September) season as top producer Brazil harvests a smaller, ‘off-season’ crop, the International Coffee …

(Corrects story throughout to show cancellations are new, not the suspension of operations) (Reuters) -Home rental company Airbnb Inc said late on Monday it had cancelled all reservations in Russia …

PARIS – French sugar and ethanol maker Tereos said on Tuesday it had appointed Ludwig de Mot as its new chief executive, succeeding Philippe de Raynal who left the company …

BRASILIA – Diogo Guillen, who was nominated to the board of Brazil’s central bank, said on Tuesday that it seems appropriate to keep the government’s current inflation targets despite recent …

By Simon Jessop and Ross Kerber LONDON – The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy …

By Paul Sandle LONDON – Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in …

(Reuters) – Emerging markets suffered their first portfolio outflows in a year in March, driven by investors ditching Chinese assets and growing anxiety over recent geopolitical events, a report by …

By Julie Gordon OTTAWA -Canada’s exports rose 2.8% in February to a record high, driven mostly by energy products, while imports climbed 3.9% from the previous month, data from Statistics …

WASHINGTON – U.S. services industry activity picked up in March, boosted by the rolling back of pandemic restrictions, but businesses continued to face higher costs as supply strains persisted. The …