Financial News

(Reuters) -Russian companies whose depositary receipts are traded abroad will be obliged to return to Russia, unless other solutions arise, Economy Minister Maxim Reshetnikov said on Friday. Several major Russian …

MILAN – S&P Global ratings said on Friday it had raised Italy’s Saipem to ‘BB’ from ‘BB-‘ on the energy services group’s 2 billion euros ($2.21 billion) capital hike planned …

By Devjyot Ghoshal NEW DELHI – Anger against Sri Lankan President Gotabaya Rajapaksa’s handling of a deepening economic crisis in the island nation of 22 million people spiralled into violence …

(Reuters) – Slowing demand for smartphones is likely to hit growth at Apple and chipmaker Qualcomm, analysts at J.P. Morgan said on Friday as they dropped the companies from the …

By Jonathan Stempel NEW YORK – A federal judge in Manhattan has dismissed a proposed class-action lawsuit accusing Kellogg Co of using misleading labeling to exaggerate the amount of strawberries …

By Tommy Wilkes and John O’Donnell LONDON/FRANKFURT – Russian President Vladimir Putin’s vow to cut customers off from its gas unless they start paying in roubles is more of a …

PARIS – Auto transport company Gefco, co-owned by French-Italian carmaker Stellantis, said on Friday it will buy back the 75% of its shares that are held by Russian Railways (RZD) …

By Jesús Aguado MADRID -The chairman of Spanish bank Santander on Friday called for the European Union to define what kind of lending is considered consistent with a net zero …

(Reuters) -The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling in the 83-84 range to the dollar, and Russian stocks climbed, with …

WASHINGTON – U.S. manufacturing activity unexpectedly slowed in March as tight supply chains continued to drive input prices higher, but factories boosted hiring, allowing them to reduce the backlog of …

By Mayela Armas and Maria Ramirez GUANTA/CARACAS – On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap …

By Sarah Morland and Ludwig Burger (Reuters) -Sanofi plans to list its drug ingredients subsidiary EUROAPI on May 6, saying the business is set to grow and improve its profitability …

By Aditi Shah NEW DELHI – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global …

TORONTO – Canadian manufacturing activity expanded at a record pace in March as restrictions to contain the coronavirus pandemic eased and demand conditions improved, although the Russia-Ukraine war contributed to …

MADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en …

(Adds dropped word from company name in 13th paragraph in story from Wednesday) By John McCrank NEW YORK -The dollar dropped to a nearly two-week low on Wednesday as optimism …

By Gilles Guillaume PARIS – Sales of new electrified vehicles in France overtook petrol-powered equivalents for the first time in the first quarter, a major milestone for lower-emission vehicles amid …

By Balazs Koranyi FRANKFURT – Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on …

By David Shepardson WASHINGTON -Ford Motor Co is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could …

By Shanima A (Reuters) – Russian steelmaker Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, on Friday scrapped plans to separate its coal assets, citing sanctions on Moscow following …

MADRID – New car registrations in Spain fell more than 30% in March as a partial trucker strike delayed deliveries of vehicles and parts and deepened existing supply-chain issues, industry …

NEW YORK – U.S. job growth continued at a brisk clip in March, with the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating, positioning the …

By Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S. central bank will likely need to make seven quarter-of-a-percentage-point interest rate …

JERUSALEM -Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel’s Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing …

By Lefteris Papadimas ATHENS – Greece’s economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International Monetary Fund said on Friday, …