U.S. bank profits could be hit by Russia-linked asset swings
By David Henry NEW YORK – Swings in asset prices following Russia’s invasion of Ukraine could hit first-quarter profits at big U.S. banks depending on what happens before the end…
By David Henry NEW YORK – Swings in asset prices following Russia’s invasion of Ukraine could hit first-quarter profits at big U.S. banks depending on what happens before the end…
By David Stanway and Zoey Zhang SHANGHAI -Banks in Asia are “falling short” when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims…
SHANGHAI -Geely Automobile Holdings Ltd expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on Wednesday, after reporting…
By Simon Jessop and Toby Sterling LONDON -ING Groep NV will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES – Employees of the Walt Disney Co staged walkouts and social media campaigns on Tuesday to protest the company’s response to Florida…
FRANKFURT -A pay increase for thousands of workers at Deutsche Bank’s retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry…
PARIS -TotalEnergies’ decision to quit Russian oil supply contracts does not put the overall future of the French energy company at risk, the company’s chairman and chief executive Patrick Pouyanne…
By Aftab Ahmed and Rajendra Jadhav NEW DELHI – Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the prices of items from…
By Rocky Swift TOKYO -Moderna Inc is sponsoring sumo flags in its first such promotion in Japan, as the COVID-19 vaccine maker seeks to wrestle market share from compatriot Pfizer…
By Andy Bruce LONDON -British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi…
A look at the day ahead in markets from Dhara Ranasinghe. Data this morning showing British inflation rose to a new 30-year high of 6.2% last month, is a reminder…
By Scott Murdoch and Makiko Yamazaki SYDNEY/TOKYO -Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity…
SEOUL – South Korea’s central bank chief reiterated on Wednesday the need to further raise the bank’s policy interest rate as the economy struggles to tame red-hot inflation and amid…
By Cynthia Kim and Jihoon Lee SEOUL -South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as its new central bank chief, a pick who is widely…
By Karen Freifeld -China’s ZTE Corp saw its shares soar as much as 60% in Hong Kong on Tuesday after the telecommunications equipment maker completed five years of probation in…
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from…
By Asha Sistla – Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for…
SINGAPORE – Singapore’s February headline prices rose at their fastest pace in nine years due to higher private transport costs, while core prices eased for the first time since June…
– Dutch consumer confidence deteriorated in March due to growing pessimism about the economy and the war in Ukraine, the Dutch Statistics Office CBS announced on Wednesday. The indicator dropped…
By Tom Hals – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai…
BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move…
By Andrea Shalal and Marek Strzelecki WASHINGTON -The United States and its Western allies are assessing whether Russia should remain within the Group of Twenty (G20) grouping of major economies…
Anchorage, AK – The U.S. Marshals Service and the Alaska State Troopers are warning the public today of a telephone scam involving a fraudulent caller contacting convicted sex offenders and…
Concord, NH – The United States Marshals Service is very pleased to announce that “Fugitive of the Week,” Ryan Paul Moore surrendered on Monday afternoon at the U.S. Marshals Office…
Harrisburg, PA – Today, United States Marshal Martin J. Pane announced the arrest of Cordaryl Burns and Larry Burns – both charged with two homicides in Cumberland County.On February 23,…