Financial News

TOKYO – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure …

MEXICO CITY -Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as …

LONDON – Britain could build up to seven new nuclear power stations as part of a radical expansion of homegrown energy following Russia’s invasion of Ukraine, Business Secretary Kwasi Kwarteng …

By Howard Schneider PRINCETON, N.J. -The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how …

RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s appointment of Adriano Pires as …

WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases …

By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, but production fell from the …

(Reuters) -Elena Bunina is stepping down as chief executive of Yandex LLC, Russia’s biggest technology company, some two weeks before her tenure is due to expire on April 15, the …

CAIRO – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority …

SHANGHAI – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which …

SHANGHAI – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to …

By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this …

SHANGHAI/BEIJING -China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect …

(Reuters) -Australia formally signed a trade deal with India on Saturday as the two nations signalled an intention to forge closer trade ties. The Australia-India Economic Cooperation and Trade Agreement …

SHANGHAI – A unit of troubled property developer China Evergrande Group said construction work has resumed at 95% of Evergrande’s projects across the country as of late March. Evergrande has …

(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko …

(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s invasion, the economy ministry said …

(This March 31 story was refiled to remove picture) LONDON – Russia accused Ukraine on Thursday of laying hundreds of mines near its coast and said some were drifting into …

SHANGHAI -Telecoms giant Huawei Technologies has given its finance chief Meng Wanzhou, who returned to China in 2021 after nearly three years detention in Canada, the new rotating position of …

(Reuters) – Mexico’s government forecast economic growth of 3.4% for 2022, far below what the nation’s President was aiming for, a finance ministry document showed on Friday, as Latin America’s …

By Anthony Esposito MEXICO CITY -Mexico will use the extra revenue it collects from higher oil prices to subsidize domestic gasoline and diesel prices, Deputy Finance Minister Gabriel Yorio told …

By David Lawder and Andrea Shalal WASHINGTON -Punishing sanctions imposed by the United States and its allies on Moscow for invading Ukraine are pushing Russia into recession and starting to …

By Lewis Krauskopf NEW YORK – As the U.S. stock market ends a rocky first quarter, investors are looking at what could support equities in the coming months – with …

By Koh Gui Qing NEW YORK -Government bond yields resumed their upward climb on Friday as a key part of the U.S. Treasury yield curve inverted once more on signs …

By Doyinsola Oladipo and Nivedita Balu NEW YORK -Workers at an Amazon.com Inc warehouse in New York City voted to form the first union at the second-largest U.S. private employer, …