WASHINGTON – The U.S. Justice Department’s Antitrust Division and the FBI announced an initiative on Thursday to detect and prosecute companies that take advantage of supply chain disruptions to collude…
FRANKFURT – The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after “transient boosts” from supply snags that may extend…
By Piotr Lipinski PARIS -Air France-KLM plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing…
By Daniel Leussink and Kantaro Komiya TOKYO -Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers…
By Nerijus Adomaitis OSLO – Norway’s oil and gas firms plan to invest almost $18 billion this year, more than originally expected, as they take advantage of pandemic-era tax incentives,…
By Simon Jessop LONDON – France’s CNP Assurances will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing…
By Tom Sims and Frank Siebelt FRANKFURT – Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and…
MADRID – European Central Bank policymaker Pablo Hernandez de Cos on Thursday said that any premature tightening of monetary policy would only hurt the economy and stimulus should be withdrawn…
(This Feb. 16 story has been corrected to show price to be very similar to high-dose flu vaccine, not COVID vaccine, in paragraph 8) By Francesco Guarascio BRUSSELS – An…
ROME – EasyJet would want more slots at Milan’s Linate airport should carrier ITA team up with Germany’s Lufthansa, the chief executive of the British carrier said, indicating the airline’s…
By Anshuman Daga and Lawrence White SINGAPORE/LONDON – Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks…
By Min Zhang and Dominique Patton BEIJING – China’s state planner has told some iron ore traders to release excessive inventory and reduce stocks to reasonable levels, following a joint…
By Joe Bavier and Rachel Savage JOHANNESBURG/LONDON -Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and…
BEIJING – Coffee chains such as Luckin Coffee and Tim Hortons have increased the prices of their beverages in China, with U.S. giant Starbucks blaming “multiple factors” such as higher…
By Neil Jerome Morales and Enrico Dela Cruz MANILA -The Philippine central bank left key interest rates unchanged for a 10th consecutive policy meeting on Thursday, reaffirming continued support for…
BERLIN – Continental is considering splitting into four separate businesses to boost its market capitalisation but must convince majority shareholder Schaeffler of the plan, Manager Magazin reported, sending Continental shares…
By Nupur Anand and Abhirup Roy MUMBAI – Next month’s mammoth stock market debut for India’s Life Insurance Corporation (LIC) has battered shares in other insurers as investors trim their…
PARIS – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan…
ZURICH – Swiss companies are not stockpiling cash in their strongrooms and offices to avoid being hit by negative interest rates, a Swiss National Bank (SNB) survey released on Thursday…
A look at the day ahead from Danilo Masoni. Beneath the surface of the wild swings that have gripped markets this year, there is a strong trans-Atlantic current of rising…
By David Lawder WASHINGTON -The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade…
HONG KONG – The Hong Kong Retail Management Association said on Thursday retail traffic in the global financial hub has dropped 40% from December as a surge in coronavirus cases…
By Catherine Belton LONDON -For NATO members, the most powerful measure against Russia were it to invade Ukraine would be U.S. sanctions cutting off Russian state banks from the dollar…
BEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to start a business, and if…
By Mathieu Rosemain PARIS -Orange, France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish…