Financial News

By George Georgiopoulos ATHENS – Greece’s economy is seen expanding by 3.8% this year under a baseline scenario, a slower pace than a previous projection of 5.0%, the head of …

SINGAPORE – Singapore’s central bank said on Thursday it has transferred excess official foreign reserves (OFR) of S$75 billion ($55.11 billion) to the government through a subscription of reserves management …

By Huw Jones LONDON – Britain’s financial watchdog said on Thursday it will create 80 new jobs to shut down problem companies faster as it faces pressure from lawmakers to …

By Terje Solsvik and Victoria Klesty OSLO – Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction valued at $4.2 billion that …

DUBLIN – Annual inflation in Ireland neared an almost 40-year high of 6.7% in March, a jump from 5.6% a month earlier on the back of soaring energy prices, data …

By Timothy Aeppel ELKHART, Ind. – What happens when Amazon.com Inc plops over 1,000 new jobs in one of the hottest blue-collar job markets in the country? The RV Capital …

By David Henry NEW YORK – Wall Street bankers have long talked about how higher interest rates will deliver additional revenue from loans and higher-yielding securities. Now that rates are …

MILAN – The Benettons, who control Atlantia with a 33% stake, are united in ruling out any transaction that would involve a break-up of the Italian infrastructure group, one source …

By Rachel Savage LONDON – The European Bank for Reconstruction and Development said on Thursday that Russia’s war in Ukraine would have a significant impact on its finances this year, …

JAKARTA – Indonesia’s central bank expects 2022 inflation to be at the upper bound of its target range or near 4% due to pressures from high global commodity prices, deputy …

By Silvia Aloisi and Pavel Polityuk LVIV, Ukraine(Reuters) – In western Ukraine, some 1,100 train wagons carrying grain are stuck near the main rail border crossing with Poland, unable to …

MILAN – Shares in Atlantia jumped almost 12% to their highest levels in over two years after Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of the Italian …

By Sinchita Mitra and Radhika Anilkumar (Reuters) -British online gambling firm 888 will pay a smaller price to buy William Hill’s international assets from U.S.-based owner Caesars Entertainment, the companies …

By Jonathan Saul LONDON – European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the …

By Fergal Smith TORONTO – REUTERS POLL-CANADIAN DOLLAR TO STRENGTHEN SLIGHTLY TO 1.25/USD IN THREE MONTHS, MATCHING MARCH’S FORECAST REUTERS POLL-CANADIAN DOLLAR SEEN UP 2% AT 1.23/USD IN ONE YEAR …

By Foo Yun Chee BRUSSELS – The EU’s top court on Thursday cleared the way for passengers to seek compensation for delayed flights from non-EU airlines operating flights on behalf …

By Tim Hepher LONDON – Airbus and Qatar Airways are set to face each other in court as a dispute over billions of dollars of jets enters a theatrical phase …

By Aditya Kalra, Aftab Ahmed and Anirban Sen NEW DELHI – Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, …

(Reuters) -JD.com Inc promoted its president, Lei Xu, to chief executive officer on Thursday to succeed founder Richard Liu, officially handing Xu the reins of the Chinese e-commerce company after …

TOKYO -Japanese retailer Seven & I Holdings Co said on Thursday it would revamp its board of directors as it seeks to accelerate overseas growth. The operator of 7-Eleven convenience …

A look at the day ahead in markets from Dhara Ranasinghe. Financial markets finally appear to be waking up to the reality that the Federal Reserve will soon start taking …

By Leika Kihara TOKYO -The benefits of a weak yen outweigh the demerits for Japan’s export-oriented economy, central bank policymaker Asahi Noguchi said on Thursday, brushing aside the view the …

LONDON -British house prices grew strongly again in March but there are big questions about whether this can continue later in the year, mortgage lender Halifax said on Thursday. House …

By Joice Alves and Danilo Masoni LONDON – A month of the war in Ukraine briefly erased a year’s worth of gains for European equities but the continent’s bourses have …

By Asha Sistla (Reuters) – Gold inched lower in range-bound trade on Thursday, as the dollar and yields gained after the U.S. Federal Reserve reiterated its aggressive stance to combat …