Financial News

By Karin Strohecker and Jorgelina do Rosario LONDON – Ukraine, hoping to tap fresh sources of money to fund its defence efforts, is looking at ways to extend a domestic …

By Seher Dareen (Reuters) – Gold retreated on Friday and was set to post a weekly decline after robust U.S. jobs data drove the dollar higher and bolstered bets that …

By David Shepardson WASHINGTON -President Joe Biden’s administration on Friday sharply boosted fuel economy standards for vehicles, reversing former President Donald Trump’s rollback of U.S. regulations aimed at improving gas …

By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow’s exports, …

By Nick Carey LONDON -UPS said on Friday it was trying out a four-wheeled “eQuad” electric cargo bike for deliveries in densely packed urban areas, where bikes have better and …

MADRID – Spain’s BBVA on Friday said it had bought back 662 branches, which it sold between 2009 and 2010 under a sale and lease back agreement to Tree Inversiones …

LONDON – Nickel volumes on the London Metal Exchange (LME) slid 28% month-on-month in March during a period of chaotic trading that included a shutdown, data showed on Friday. The …

By Ann Saphir (Reuters) – It’s not as if U.S. central bankers needed more reasons to step up the pace of interest rate hikes. But that’s what they got on …

MEXICO CITY -Mexican President Andres Manuel Lopez Obrador said on Friday he rejected a proposal from U.S. climate envoy John Kerry for a U.S. group to monitor efforts around a …

By Timothy Gardner WASHINGTON – The Biden administration may soon consider calls for exemptions to a ban on financing of new carbon-intensive fossil fuel projects overseas, a senior U.S. official …

By Mark Trevelyan LONDON -Russia’s Gazprom said on Friday it was quitting its business in Germany at a moment of crisis in the vital energy ties between the two countries …

By Susan Mathew and Anisha Sircar (Reuters) -European shares rose on Friday as a rally in commodity-linked and bank stocks helped outweigh worries about economic growth and inflation, with Europe …

By Anthony Boadle BRASILIA -Toronto-based Brazil Potash Corp has laid out for Brazilian President Jair Bolsonaro this week its plans to reduce his country’s dependence on fertilizer imports disrupted by …

MILAN -French luxury goods group Kering agreed to pay almost 187 million euros ($207 million) to settle a dispute with Italian tax authorities centred on its fashion brand Bottega Veneta, …

WARSAW – Polish e-commerce platform Allegro is interested in more mergers and acquisitions in the region, its Chief Executive Francois Nuyts told journalists, as the group completed its takeover of …

FRANKFURT – Skoda, part of Germany’s Volkswagen, appoint Klaus Zellmer as its new boss, two sources with knowledge of the matter told Reuters on Friday. Zellmer is to succeed Thomas …

By Maytaal Angel LONDON – Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic …

By Orhan Coskun and Nevzat Devranoglu ANKARA – A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, but payouts from it look …

By Corina Pons MADRID – The daughter of Inditex’s billionaire founder takes the helm of his Zara fashion empire on Friday with a more hands-on role than originally expected by …

MEXICO CITY – Mexico’s manufacturing sector contracted for the 25th month in a row in March, amid rising inflation, global shortages of materials, and economic uncertainty due to the pandemic …

By Zandi Shabalala and Eric Onstad LONDON – The London Metal Exchange suspended deliveries of some Russian produced metals into its approved warehouses in Britain on Friday, although there is …

LIMA -Peru’s inflation hit in March its highest level in more than two decades, the government said on Friday, driven by rising global fuel and food prices amid the conflict …

By Yuka Obayashi Tokyo – U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s invasion of Ukraine, Japan’s industry …

By Marianna Parraga and Mircely Guanipa HOUSTON/CARACAS – Petroleum exports from Venezuela declined about 4% in March from the previous month as its state-run oil company dealt with crude cargoes …

(Reuters) – Russian domestic tech companies, led by entities controlled or associated with state-owned gas giant Gazprom, are pouncing on the blockade and exodus of foreign internet firms, sensing opportunities …