Financial News

(Corrects to show size of inaugural fund $2.4 billion (not $2.7 billion), paragraph 3) By Chibuike Oguh (Reuters) -Carlyle Group Inc said on Wednesday it has raised $4.6 billion for …

(Fixes typographical error in “its”, paragraph 1) JERUSALEM – Israeli foodmaker Strauss Group on Wednesday warned that its 2022 results could be further hurt by manufacturing delays at its Sabra …

TAIPEI – Taiwan’s government said on Wednesday it was tightening export curbs to Russia as part of sanctions on the country for its invasion of Ukraine, detailing rules to prevent …

(Reuters) -U.S. chipmaker Intel Corp said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine. The …

By Howard Schneider WASHINGTON – U.S. Federal Reserve officials on Wednesday will release more details on what’s evolving as a three-year plan to trim several trillion dollars from the stash …

FRANKFURT -Growth rates in the euro zone could dip into negative territory this year and European Central Bank policy tightening to bring down high inflation in the near term risks …

(Company corrects to say “climate positive” rather than “carbon neutral” in 3rd paragraph) By Anna Ringstrom STOCKHOLM -Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar …

MADRID -Luis Gallego, the chief executive of British Airways’ parent IAG, said on Wednesday a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least …

By Brenna Hughes Neghaiwi ZURICH – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not …

(This April 5 story removes reference to investment by venture capital firm M13 in paragraph 1 after the company clarifies) By Lisa Pauline Mattackal (Reuters) – Ethereum blockchain scaling platform …

NEW DELHI – India’s VerSe Innovation has raised $805 million in a funding round led by Canada’s top pension fund, putting a $5 billion valuation on the Google-backed parent of …

By Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion …

LONDON – HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings. The …

A look at the day ahead in markets from Sujata Rao Treasury markets are in full-fledged selloff mode ahead of minutes from the Federal Reserve’s March meeting. With a half-point …

BENGALURU -Indian digital payments firm Paytm said on Wednesday it is aiming to be operationally profitable by September next year, seeking to allay doubts about its business model that has …

By Mike Dolan LONDON – The race is on to declare a paradigm shift in the world economy toward higher inflation and interest rates and the jolt to public borrowing …

BERLIN – German carmaker Volkswagen will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, …

BERLIN – Germany’s Bundesbank is worried about banks lending to overextended buyers in an overheated property market and reserves the right to impose additional curbs, board director Joachim Wuermeling was …

ZURICH – Armed with a banking licence from the Swiss Financial Market Supervisory Authority, digital wealth manager Alpian plans to launch in Switzerland in the third quarter of 2022, the …

(Corrects paragraph 7 to clarify sub-index remained below 50.0 but did not decline.) BEIJING – Activity in China’s services sector contracted at the sharpest pace in two years in March …

By Noel Randewich (Reuters) – U.S. stock buybacks appear to be hitting new records as companies head into quarterly earnings season, even as some investors worry about the growing threat …

By Wayne Cole SYDNEY – Most of Australia’s major banks now expect a rise in interest rates as early as June, though opinions on the pace of tightening and the …

By Asha Sistla (Reuters) – Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s …

HONG KONG – Cash-strapped Kaisa Group entered into a strategic co-operation agreement with state-owned China Merchants Shekou Industrial Zone Holdings and China Great Wall Asset Management on joint venture arrangements …

MANILA – Growth in developing Asia will likely be slower this year than previously thought, the Asian Development Bank said on Wednesday, as the war in Ukraine is expected to …