Financial News

By Jody Godoy NEW YORK (Reuters) -Nikola Corp founder Trevor Milton became a billionaire by lying to investors about the most important aspects of his low-emission vehicle company, a prosecutor …

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday intended to provide relief from high inflation to …

(Reuters) – Deutsche Bank’s International Private Bank unit in the Americas hired Hedieh Bolour as a director based in Los Angeles, according to an internal memo seen by Reuters on …

By Lewis Krauskopf NEW YORK (Reuters) – Another source of potential stock market volatility looms in an already tough year for Wall Street: an approaching midterm U.S. elections that will …

(Reuters) – Morgan Stanley has seen moderation in loan growth and a lower mortgage demand due to rising interest rates, co-President Andrew Saperstein said in a conference on Tuesday. Decades-high …

By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co will maintain caution on its staffing levels despite the recent downturn in investment banking, its president …

ZURICH (Reuters) -UBS is seeing increased caution among its clients as worries about the slowing global economy, rising inflation and energy prices hit investor confidence, Chief Financial Officer Sarah Youngwood …

(Reuters) – Honda Motor Co Ltd is considering taking its electric motorcycle unit public, the Wall Street Journal reported on Tuesday, citing the Japanese manufacturer’s managing officer Yoshishige Nomura. The …

MILAN (Reuters) -Blue Skye Financial Partners, a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to suspend the 1.2 billion euro …

By Shreyashi Sanyal and Susan Mathew (Reuters) -European shares tripped 1.6% on Tuesday, retreating from two-week highs hit earlier in the session, as hotter than expected U.S. inflation data cemented …

By Fanny Potkin, Eduardo Baptista and Tony Munroe SINGAPORE/BEIJING (Reuters) -Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, …

By Manoj Kumar and Jose Devasia NEW DELHI/KOCHI (Reuters) – At least 10 Indian states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, …

(Reuters) -A key measure of how many Americans lived in poverty in 2021 fell to a record low thanks in large part to federal government assistance measures aimed at supporting …

MILAN (Reuters) – Junior bonds in Monte dei Paschi di Siena (MPS) rallied on Tuesday, adding to the previous day’s gains, supported by news of possible investor interest in a …

By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits …

By David Shepardson WASHINGTON (Reuters) – Boeing jetliner deliveries rose in August to 35 airplanes as the U.S. planemaker resumed handovers of its 787 Dreamliner after a 15-month delay. Boeing …

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing downward pressure on …

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate, heading towards 100% this year, likely eased in August versus a 20-year peak the month before, analysts polled by Reuters …

By Nandita Bose and Trevor Hunnicutt BOSTON (Reuters) -President Joe Biden signed orders on Monday to push more government dollars to the U.S. biotechnology industry, as he promoted his initiative …

(This Sept. 5 story corrects to show year-on-year growth of 2.4%, not 2.8%, and comparative Q1 numbers after SECO corrects data) ZURICH (Reuters) – The Swiss economy grew a real …

By Scott Murdoch and Sameer Manekar (Reuters) -A KKR-led consortium has told Australia’s Ramsay Health Care it will not improve its $14.5 billion cash-and-stock offer for the hospital operator, a …

(Reuters) -Auto parts supplier Aptiv Plc said on Tuesday it would acquire a majority stake in a unit of Italy’ Intercable for 595 million euros ($605.71 million), allowing the U.S. …

By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) – Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel …

By Marcelo Teixeira NEW YORK (Reuters) – Sales by branded coffee shops in the United States increased 10% in the 12 months to June 2022 to reach $45.8 billion, a …

JAKARTA (Reuters) – Indonesia will review minimum wage and other labour rules, the president’s office said on Tuesday, after trade unions staged nation-wide protests against a recent hike in petrol …