Financial News

By Selena Li HONG KONG – China’s drive for “common prosperity” to ease inequality could be a positive catalyst for the local wealth management industry, as it leads to expansion …

HANOI – South Korean electronic components manufacturer Samsung Electro-Mechanics Co Ltd will invest $920 million in a production facility in northern Vietnam, the Southeast Asian country said on Wednesday. The …

FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for offices and households take on …

By Pete Schroeder WASHINGTON -Republicans’ Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve’s Wall Street cop will further delay regulatory changes …

By Philip Blenkinsop BRUSSELS -Heineken cast doubt on its mid-term profit margin target due to the uncertain impact of spiralling inflation on beer consumption, after reporting stronger than expected earnings …

KYIV – Ukraine’s largest steelmaker Metinvest BV plans to invest $1 billion this year in modernisation and new production facilities, majority owner Rinat Akhmetov said on Wednesday. “We will continue …

BERLIN – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of …

BRUSSELS – Euro zone industrial production was much stronger than expected in December, data showed on Wednesday, ending 2021 on a strong note despite restrictions due to the Omicron coronavirus …

By Leika Kihara TOKYO -The Bank of Japan has no plan now to change an implicit 0.25% cap set around its yield target, though a tweak in the future cannot …

MOSCOW – Swiss commodities firm Glencore may be selling its stake in Russian oil group Russneft to its former owner and founder Mikhail Gutseriyev, the Kommersant daily reported on Wednesday, …

DUBAI – Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value …

FRANKFURT – Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a European Central Bank study showed …

By Chen Lin SINGAPORE – AirAsia Aviation Group on Wednesday unveiled plans for a low-cost air ridesharing service in Southeast Asia after signing a non-binding deal with lessor Avolon for …

DUESSELDORF, Germany – The new chairman of Adler Group said on Wednesday he has had no contact yet with KPMG, which is conducting a special audit of the company’s affairs. …

A look at the day ahead in markets from Sujata Rao. Feb 16 was when Russia was meant to invade Ukraine, according to the White House, but Moscow’s signals that …

FRANKFURT – Commerzbank on Wednesday announced that board member Sabine Schmittroth would leave the German lender at the end of the year. Commerzbank, which is undergoing a major overhaul involving …

PARIS – The next French government will need to revise current budget deficit reduction plans after a presidential election in April to ensure France does not fall further behind other …

By Gwladys Fouche OSLO – Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in …

By Chen Lin SINGAPORE – China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the …

KUALA LUMPUR – Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website …

(The August 15 story corrects job title in paragraph 9) By Toby Sterling AMSTERDAM – Apple and Google face a potential class action lawsuit in the Netherlands over app store …

(Refiles to correct 14th paragraph by adding missing word research to analyst job title) By Alun John HONG KONG – As the Bank of Japan asserts its standing as a …

OSLO -Norway’s mainland economy grew last year by 4.2%, its quickest pace since 2007 as the country rebounded from a pandemic-driven slump in activity, Statistics Norway (SSB) data showed on …

By Mike Dolan LONDON – Keen to downplay anxieties about war in Europe, global investors appear to fear a monetary policy miscalculation even more. Their problem is that two are …