EU gives initial agreement to board quotas for women, more talks needed
BRUSSELS – European Union states have given initial approval to pushing firms to appoint women to at least 40% of non-executive director roles or 33% of all board jobs by…
BRUSSELS – European Union states have given initial approval to pushing firms to appoint women to at least 40% of non-executive director roles or 33% of all board jobs by…
-Russia’s finance ministry is preparing to service some of its foreign currency debt on Wednesday, but such payments will be made in roubles if sanctions prevent banks from honouring debts…
MILAN – Italy’s Prada confirmed its medium-term growth targets after “a strong start” to 2022, though the luxury group said the war in Ukraine would make any predictions uncertain. Earlier…
FRANKFURT – The German insurer and asset manager Allianz said on Monday that it had put a stop to insuring new business in Russia and was no longer investing in…
BEIJING – China will ensure stable economic operations this year, keep economic growth, employment and prices within reasonable ranges, state media quoted the cabinet as saying on Monday. China’s economy…
-Tesla Inc Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a…
LVIV, Ukraine – Ukrainian Finance Minister Serhiy Marchenko said on Monday he believed the hryvnia currency rate would remain stable. “Exchange rate stability will be maintained,” he said on national…
-Russia is gradually resuming wheat exports from its Black Sea ports while navigation in the Azov Sea remains restricted, analysts said on Monday. “Exports are ongoing from all the five…
By Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help…
– Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile…
By Nidhi Verma and Sethuraman N R New Delhi -India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion of Ukraine, the junior oil…
By Mimosa Spencer PARIS – Gucci owner Kering is bolstering its high-end eyewear division with a deal to buy U.S.-based label Maui Jim, the French luxury group said Monday. European…
ISTANBUL – Ford Motor Co’s Turkish joint venture will buy the U.S. company’s Craiova plant in Romania for 575 million euros ($630 million) and plans to move Courier van production…
– Sensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1% from 42.9%. David Hall also…
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the reserves, Finance Minister Anton Siluanov…
By Karen Brettell – With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on…
By Francesco Guarascio and Gabriela Baczynska BRUSSELS – Top European Union diplomats have agreed to add Chelsea football club owner Roman Abramovich to the EU list of Russian billionaires sanctioned…
PARIS – EU governments need to keep their fiscal stances “reactive” in the face of the current Ukraine crisis with targetted measures for households and firms, French Finance Minister Bruno…
By Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its…
By John Shiffman WASHINGTON – AT&T’s financial relationship with One America News is deeper than previously known and will continue even after DirecTV drops the far-right network from its satellite…
– Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion…
SHANGHAI – China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle, according to…
BERLIN – A halt to Russian energy imports could cost Germany up to 3% of its gross domestic product (GDP) in the short term, estimates by the EconPol Europe network…
By Xie Yu and Selena Li HONG KONG – The U.S. securities regulator’s move to identify Chinese firms likely to be delisted from New York for not meeting auditing requirements…
– The S&P 500 index will end 2022 about 1% lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs…