Financial News

By Hyunjoo Jin San Francisco -Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told …

By Dawn Chmielewski (Reuters) – Discovery Inc announced on Thursday the executive team to lead the soon to be formed Warner Bros Discovery (WBD), leaning heavily on a trusted group …

By Daniel Wiessner (Reuters) – The top lawyer at the agency that enforces U.S. labor laws said on Thursday she will ask the National Labor Relations Board (NLRB) to prohibit …

By Stephanie Kelly NEW YORK -The U.S. Environmental Protection Agency on Thursday will announce decisions on 36 refineries that are seeking exemptions to biofuel blending mandates, according to a government …

By Mehr Bedi and Deborah Mary Sophia (Reuters) -Conagra Brands Inc cut its full-year profit forecast on Thursday as multiple price hikes and resilient demand failed to provide a bulwark …

(Reuters) -A former Goldman Sachs <GS.N> managing director has been permanently barred from the banking industry over mishandling confidential documents leaked from the New York Federal Reserve, the U.S. central …

By Howard Schneider (Reuters) – The Fed is behind in its fight against inflation and needs to raise the federal funds rate another 3 percentage points by year’s end, St. …

By Susan Mathew and Anisha Sircar (Reuters) -European shares reversed early gains to skid on Thursday, as risks from a hawkish Federal Reserve and Washington’s new sanctions on Russia kept …

LONDON – Suddenly confronted with the possibility of far-right candidate Marine Le Pen winning this month’s French presidential elections against incumbent Emmanuel Macron, traders are scrambling to hedge portfolios against …

By Sabrina Valle HOUSTON – Exxon Mobil Corp and Chevron Corp paid their chief executives more than $22 million each last year, according to securities filings released on Thursday, the …

By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD -Pakistan’s central bank raised its policy rate by 250 basis points to 12.25% in an emergency meeting on Thursday, the bank said …

(Reuters) – The European Commission on Thursday approved a French scheme to provide up to 155 billion euros ($169 billion) in liquidity support to companies hit by the economic impact …

By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits fell last week, indicating a further tightening of labor market conditions heading into the second …

By Liz Hampton (Reuters) -At least a dozen U.S. shale gas executives on Wednesday held discussions with European energy officials on increasing U.S. fuel supplies to Europe as part of …

(Reuters) – Russia’s central bank said on Thursday that due to a “significant change in market conditions” it would buy gold from commercial banks at a negotiated price from April …

WASHINGTON – A majority of the U.S. House of Representatives on Thursday voted to approve a $55 billion COVID-19 aid bill aimed at helping restaurants and other businesses that continue …

CARACAS – Venezuela’s economy could surge 20% this year, investment bank Credit Suisse said in a report, sharply hiking its previous forecast of 4.5% due to growing demand for its …

MEXICO CITY -Mexican consumer prices rose in March to levels not seen since early 2001, with economists saying the data suggests more interest rate hikes are likely, as the central …

ATHENS – Greek Prime Minister Kyriakos Mitsotakis urged Europe on Thursday to quickly find a way to address soaring gas and power prices, which have dented household income, or risk …

By Makiko Yamazaki TOKYO -Toshiba Corp set up a special committee on Thursday to resume a strategic review that could see the Japanese industrial conglomerate go private after shareholders voted …

(Reuters) – Russia will do everything to make sure its creditors receive their money, Finance Minister Anton Siluanov said on Thursday, a day after the country edged closer to a …

TORONTO – Canadian Imperial Bank of Commerce (CIBC) Chief Executive Officer Victor Dodig on Thursday called on policy makers to focus on generating revenue by investing in growth rather than …

GOLCUK, Turkey – Ford Otosan, the Turkish joint venture of Ford Motor Co <F.N>, on Thursday said it has begun production of its all-electric Ford Transit model under a 2 …

LONDON – Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge …

ROME – Italian Prime Minister Mario Draghi has signed a decree to allocate 650 million euros ($709 million) per year from 2022 through 2024 for incentives to buy electrified or …