Financial News

By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade, …

LONDON – Wall Street banks predicted on Monday more price pressures ahead for Turkey after the country reported annual inflation rates climbing to a 20-year high of 61.14% in March. …

(Reuters) -The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as …

By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since …

BERLIN – Henkel will continue doing business in Russia for the time being, the German consumer goods group’s chairperson said on Monday, adding that the company’s activities in the country …

By Daren Butler and Ali Kucukgocmen ISTANBUL -Turkey’s annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed on Monday, fuelled by rising energy and commodity …

GENOA -A potential increase in military spending could add to growth estimates released last month by Italian defence group Leonardo, Chief Executive Alessandro Profumo said on Monday. “We already have …

A look at the day ahead in markets from Saikat Chatterjee Is this 2000? Or 2006 or even 2019? Financial markets in the last two weeks have had analysts reaching …

(Reuters) -British insurer Aviva on Monday named Charlotte Jones as its next chief financial officer, saying it has become only the second FTSE 100 firm with a female CEO-CFO duo …

By Huw Jones LONDON – The European Union said on Monday it has widened access for U.S. exchanges and clearing houses to investors in the bloc, a move which contrasts …

BERLIN -German airport services provider Fraport cannot sell its stake in St. Petersburg airport before 2025, and even then such a sale would be subject to conditions and not necessarily …

By Belén Carreño (Reuters) – Spain’s labour market withstood soaring inflation and a crippling truckers’ strike in March to see a drop in unemployment, data showed on Monday, helped in …

TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on …

DUBLIN – Workday Inc will add 1,000 jobs at its European headquarters in Dublin over the next two years and construct a 51,000 square metre campus in the capital to …

By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second term. Macron was elected in …

(Corrects spelling of executive’s name in 10th paragraph) By Anshuman Daga SINGAPORE -Australian venture capital firm Square Peg is raising $550 million to expand its commitment to back startups in …

FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. …

BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a …

By Graham Fahy DUBLIN -Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday as passenger numbers topped pre-pandemic levels for the first time ahead of the key …

ZURICH – Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be …

PARIS – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a global plan to step up …

By Marco Aquino LIMA -Peru, the world’s no. 2 copper producer, will target “excess profits” that mining firms have gained from soaring global metals prices for extra taxation, the country’s …

(Reuters) – ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans …

STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. Volvo, majority owned by China’s …

LONDON – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate …