Financial News

-Morgan Stanley’s role in the collapse of Archegos Capital Management deepened a probe by U.S. authorities into Wall Street’s lucrative market for block trades, Bloomberg News reported, citing people with …

By Svea Herbst-Bayliss BOSTON – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, …

By Helen Coster NEW YORK -ViacomCBS Inc missed Wall Street profit forecasts on Tuesday as the company announced it will change its name to Paramount and unveiled a broad range …

By Hyunjoo Jin SAN FRANCISCO – Alphabet Inc’s self-driving technology unit Waymo and truck fleet operator C.H. Robinson Worldwide Inc said on Wednesday they would team up to test automated …

RABAT – Morocco will spend 10 billion dirhams ($ 1.07 bln) on a national plan to mitigate the impact of drought on farmers and the economy, the royal palace said …

By Dominique Vidalon PARIS – Carrefour SA said on Wednesday it looked to 2022 with confidence after Europe’s largest food retailer delivered record free cash flow of 1.23 billion euros …

A woman who donated to the Freedom Convoy, a group of truckers and individuals protesting Canada’s vaccine mandates and COVID-19 restrictions, was forced to close her gelato store after her …

By Marcela Ayres BRASILIA -Brazil’s government is considering an income tax exemption for foreigners investing in domestic corporate bonds, hoping to lower financing costs for local firms at a time …

– Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court in Bridgeport, a court filing showed. Guo listed assets …

By Julie Gordon and David Ljunggren OTTAWA -The Bank of Canada will be nimble and potentially “forceful” in tackling uncomfortably high inflation, a senior official said on Wednesday, setting the …

WASHINGTON – U.S. import prices increased by the most in nearly 11 years in January amid a jump the cost of energy products and strained supply chains, the latest indication …

By Daniela Desantis ASUNCION – Paraguay’s soybean crushing industry will run out of beans to process by the middle of the year due to a drought hammering production, the country’s …

By Ana Mano SAO PAULO – A unit of Norwegian plant nutrition company Yara International ASA has acquired for an undisclosed sum a 14% stake in Brazilian online farm products …

By Helen Reid and Arunima Kumar – Barrick Gold Corp on Wednesday announced a share buyback of up to $1 billion as the miner’s fourth-quarter results beat analysts’ estimates following …

By Mimosa Spencer PARIS -When Gucci-owner Kering and Hermes report earnings this week, investors will be looking for signs that the big luxury fashion groups are confident that wealthy shoppers …

By Jody Godoy, Svea Herbst-Bayliss and Chris Prentice -U.S. short seller Carson Block is being probed by the Justice Department as part of a wide-ranging investigation into short-sellers and hedge …

By Nia Williams CALGARY, Alberta – Canada’s main oil-producing province of Alberta looks set to return to a budget surplus this coming fiscal year, ending seven years of deficit, as …

-The New York Stock Exchange has filed an application to register the term “NYSE” for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online …

By Nelson Bocanegra BOGOTA – Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey. The 40 analysts …

By Ann Saphir -Minneapolis Federal Reserve Bank President Neel Kashkari said Wednesday it’s ‘appropriate’ for the U.S. central bank to take steps to normalize monetary policy to deal with high …

By Liz Hampton DENVER -U.S. shale producer Devon Energy on Wednesday said it was anticipating a 15% rise in costs this year compared to 2021 due to inflation and supply …

By Michelle Price WASHINGTON – U.S. banks this week welcomed a regulatory proposal to incorporate climate change risks into their daily operations, yet said they opposed prescriptive risk management and …

By Sruthi Shankar and Shashank Nayar -European stocks made cautious gains on Wednesday, pushed higher by commodity-heavy stocks with Russia-Ukraine tensions in focus, while Swedish telecom firm Ericsson slumped after …

By Amruta Khandekar – Sage Therapeutics Inc’s drug helped improve depressive symptoms after three days in a late-stage study, but investor concerns over how long the treatment’s effect would last …

By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting despite high inflation sent the …