Financial News

BERLIN – Germany’s Sono Motors has signed up a new partner for its partly solar-powered cars and is sticking to its goal of commercial production in 2023, after abandoning talks …

(Reuters) – Peloton Interactive Inc’s strength training product, Peloton Guide, would be available at a starting price of $295, about 40% lower than what it had originally planned, the company …

WASHINGTON – Countries around the world should provide $15 billion in grants this year and $10 billion a year thereafter to manage the long-term risks of COVID-19, the International Monetary …

By Julien Ponthus and Sudip Kar-Gupta LONDON/PARIS -French stocks and bonds fell on Tuesday as markets started to acknowledge the risk of far-right candidate Marine Le Pen winning this month’s …

LONDON -Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an economic …

By Julie Gordon OTTAWA -Canada’s Liberals find themselves in a bind ahead of this week’s budget: the economy has recovered from the pandemic, yet Prime Minister Justin Trudeau has pledged …

By Jesús Aguado and Emma Pinedo MADRID – Spain’s central bank on Tuesday lowered its economic growth forecast for this year and next due to the impact of inflation stoked …

(Reuters) – Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc’s finance chief Mark Murphy as its new chief financial officer. Micron lost its former CFO David …

FRANKFURT – Germany’s chemical and pharmaceutical industry on Tuesday agreed a lump sum payment for workers and put further collective wage bargaining on hold, citing uncertainty stemming from Russia’s attack …

By Hari Kishan and Vivek Mishra BENGALURU – The U.S. Treasury yield curve, already hammered into a flat line after one of its worst quarters in decades, is set to …

By Muhammed Husain (Reuters) -Britain’s Go-Ahead said it plans to expand its transport operations and reinstate its pre-COVID-19 dividend policy after a months-long strategic review, lifting its shares on Tuesday. …

PARIS – Poland on Tuesday blocked a French-proposed compromise on how to implement a minimum corporate tax across the European Union in another blow to a global overhaul of international …

(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined …

ATHENS – Credit servicer doValue Greece, a subsidiary of Italy’s biggest debt recovery firm doValue, said on Tuesday it was awarded a new loan servicing mandate for a 500 million …

By Elvira Pollina MILAN -The chances of the U.S. fund KKR pushing ahead with a firm bid for Telecom Italia (TIM) faded, with the two sides deadlocked on Tuesday over …

By Jonathan Saul LONDON – The risk of coming across floating mines in the major Black Sea shipping route is adding to perils for merchant ships sailing in the region, …

By Tetsushi Kajimoto TOKYO – An advisory panel to Japan’s finance minister on Tuesday recommended that the law should be changed to revoke Russia’s most-favoured-nation trading status following Moscow’s invasion …

By Huw Jones LONDON – Banks have begun quietly trying to persuade the European Union to tone down proposals to toughen scrutiny of non-EU lenders to ensure the planned measures …

(Reuters) -UnitedHealth Group Inc and Change Healthcare have agreed to extend the closing date of their merger by another nine months to Dec. 31, the companies said on Tuesday, more …

By Nupur Anand MUMBAI – India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the …

(Reuters) -Kinross Gold Corp is selling its Russian assets to Highland Gold Mining group of companies for a total of $680 million in cash, the Canadian company said on Tuesday, …

By Francesco Guarascio BRUSSELS -The European Commission will propose on Tuesday to EU nations sweeping new sanctions against Russia, including banning imports of coal, wood, chemicals and other products worth …

By Dominique Vidalon PARIS -French food group Danone said on Tuesday that “all options are on the table” regarding its business in Russia and that there was no decision at …

LONDON – Global nickel smelting activity climbed in March, including in major producer Russia despite the Ukraine conflict, data from satellite surveillance of nickel plants showed. Production in Russia has …

BANGKOK – Thailand’s leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of …