Financial News

By David Randall NEW YORK – Which market has it right? With the first quarter of 2022 over, the U.S. stock and bond markets appear to be conveying drastically different …

LONDON -An inflationary wave unleashed by the war in Ukraine and the response to COVID may be hard to stop because of an energy price shock, sanctions that are exacerbating …

(Reuters) – Shares of GameStop Corp jumped 15% in premarket trading on Friday after the video game retailer at the heart of last year’s retail trading frenzy said it would …

(Reuters) – The oversight body of the Basel Committee on Banking Supervision (BCBS) said on Friday it has appointed Tiff Macklem as its new chair, effective immediately. The BCBS constitutes …

(Reuters) – U.S. money market funds lured big inflows in the week to March 30 as investors flocked to safer assets due to concerns that the Federal Reserve’s aggressive stance …

By Joseph White DETROIT – Major automakers are expected to report on Friday that first-quarter U.S. car and light truck sales fell sharply compared to a year ago, with more …

SINGAPORE – The Chinese capital Beijing will largely wean itself off coal by 2035, when its total energy use is expected to peak at the equivalent of 90 million tonnes …

(Fixes to say the inflow amount is in U.S. dollars in the sixth para) (Reuters) -Global bond funds drew their first weekly inflow in about three months in the week …

(Reuters) – AerCap Holdings NV will provide 12 new Airbus aircraft to Italian state-owned carrier ITA Airways starting next year, the world’s top aircraft lessor said on Friday. AerCap, which …

(Reuters) – The European Union’s trade deficit with China grew by over a third last year, the bloc’s statistics office said on Friday, as it took in soaring imports from …

By Kirsty Needham SYDNEY – Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85% of Australian goods entering India, helping farmers and miners …

By Dave Sherwood COJIMAR, Cuba – Since the days of Ernest Hemingway’s “The Old Man and the Sea”, whose main character toiled with oars to catch a marlin, few Cubans …

By Emma-Victoria Farr LONDON – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters …

STOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on …

By Cooper Inveen ACCRA -Ghana’s parliament approved a new 1.5% tax on electronic payments, known as the “e-levy,” on Tuesday after the opposition walked out in protest. Finance Minister Ken …

FRANKFURT – Euro zone inflation is “very high” but the European Central Bank needs time to assess the net impact of higher energy prices on workers’ wage demands and costs …

By Donny Kwok and Alun John HONG KONG – The Hong Kong stock exchange suspended from trade on Friday the shares of Chinese developers such as Sunac China, Shimao Group …

By Jane Lanhee Lee OAKLAND, Calif. – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set …

By Diana Mandia and Federica Mileo (Reuters) -French catering and food services company Sodexo lowered its annual revenue growth outlook on Friday citing the pandemic, the Ukraine conflict and the …

By Jesús Aguado MADRID – Spain’s Santander on Friday said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in …

(Reuters) – The governor of Ukraine’s central bank urged the central banks of the European Union, the United States, Japan and Britain to ban transactions in the Russian or Belarusian …

By Marcy de Luna HOUSTON – Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives …

By Sophie Yu and Brenda Goh SHANGHAI/BEIJING – Chinese exports to Russia have been buffeted as the rouble swings in value, clear evidence of a ripple effect that Western sanctions …

By Saqib Iqbal Ahmed NEW YORK -Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan fund as one reason why the stock …

By Francesco Canepa FRANKFURT – With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of …