Financial News

By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder …

MANILA – The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact of Russia’s invasion of Ukraine, warning the region …

By Katie Paul (Reuters) – Facebook owner Meta Platforms briefly restricted hashtags related to civilian deaths in northern Ukraine, where bodies of people shot at close range were found in …

By Daniel Leussink TOKYO -Japan’s household spending rose for a second consecutive month year-on-year in February, helped by a flattering comparison with last year’s sharp pandemic-induced slump but the consumer …

By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO -Energy consultant Adriano Pires has backed out of the Brazilian government’s nomination for him to take the helm at Petrobras, …

(Reuters) – Amazon.com Inc staff included the words “union,” “grievance,” and “living wage” on a preliminary list of terms to block from an internal messaging app it was considering creating …

TOKYO – Japan’s central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an …

By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche …

By Simon Jessop LONDON – Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board …

By Joyce Lee SEOUL – Samsung Electronics Co Ltd is likely to post its highest first-quarter profit since 2018, analysts’ estimates showed, driven by brisk profits on memory chips as …

By Rachel Savage and Marc Jones LONDON -The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list …

(Reuters) – Gaming platform Roblox Corp’s founder and chief executive officer David Baszucki’s compensation package for 2021 totaled $232.8 million, compared with just $6.8 million a year earlier, according to …

By Hilary Russ NEW YORK -Starbucks Corp will pause billions of dollars of stock buybacks to invest more in employees and stores, longtime former chief executive Howard Schultz said on …

By Luc Cohen NEW YORK – A U.S. prosecutor on Monday urged jurors to convict a former senior Goldman Sachs banker for helping loot billions of dollars from Malaysia’s 1MDB …

By Sabrina Valle HOUSTON -Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up …

(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street …

By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in …

By Laura Sanicola (Reuters) -Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a worsening shortage as supply …

By Caroline Valetkevitch NEW YORK – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the U.S. dollar strengthened on …

By Michelle Price WASHINGTON – Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in …

By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of …

ATHENS – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said on Monday. Greece has received …

By Katanga Johnson WASHINGTON -Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of …

By Stephanie Kelly NEW YORK -Oil prices jumped over 3% on Monday, with investors worried about tighter supply as mounting civilian deaths in Ukraine increased pressure on European countries to …

SAO PAULO – Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said …