All News

By Leigh Thomas PARIS -French inflation jumped to a record high in April, driven by surging energy prices, preliminary data showed on Friday, putting pressure on newly re-elected president Emmanuel …

By Julie Gordon OTTAWA – The Canadian economy most likely grew by an annualized 5.6% in the first quarter, official data showed on Friday, well ahead of the Bank of …

By Andrew Mills and Parisa Hafezi DUBAI – Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East …

(Reuters) – Tesla Inc Chief Executive Officer Elon Musk sold about 5.23 million shares in the electric vehicle maker, worth about $4.5 billion, in multiple open market sales on April …

By David Shepardson WASHINGTON – Tesla is recalling about 48,000 Model 3 Performance vehicles in the United States because they may not display the speedometer while in “Track Mode,” documents …

By Uditha Jayasinghe and Alasdair Pal COLOMBO -All Sri Lanka’s creditors will be treated equally in a planned restructuring of the country’s debt, its central bank governor said on Friday, …

KYIV – Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of their earnings in local currency to reserves to …

By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing …

FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing …

CLARKSBURG, WEST VIRGINIA – Shelly Anne Leipham, of Las Vegas, Nevada, was found guilty by a federal jury today of fraud charges, United States Attorney William Ihlenfeld announced. After a …

SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a new debt renegotiation program for …

(Reuters) -U.S. refiner Phillips 66 on Friday promised to resume share buybacks in the current quarter, after posting a quarterly profit that surpassed Wall Street expectations as demand for fuel …

(Reuters) -CBOE Global Markets Inc topped first-quarter profit expectations on Friday, as growth in transaction volumes for the exchange operator resulted in higher fees from trading options. Net income, excluding …

By Aditi Shah MUMBAI -Tata Motors said on Friday it plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers …

BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to …

PARIS -The public transport operator (RATP) in Paris temporarily suspended on Friday the use of 149 electric buses made by Bollore’s Bluebus brand after two of the vehicles caught fire. …

By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT -Euro zone economic growth was slower than expected in the first three months of the year, preliminary data showed on Friday, as the …

By Gianluca Semeraro and Valentina Za MILAN -Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from a group of rebel domestic …

(Reuters) – U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve. According …

By Andrea Shalal WASHINGTON – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of …

(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the …

LONDON -Barclays has temporarily halted market making in some of its own debt securities following a trading blunder, the British bank said on Friday. Barclays disclosed on March 28 that …

By Michael Erman (Reuters) – Drugmaker Bristol Myers Squibb posted slightly better-than-expected first-quarter earnings on Friday on growth of sales of its blood thinner Eliquis and cancer drug Opdivo, but …

By Stine Jacobsen and Nikolaj Skydsgaard COPENHAGEN – Shares in Novo Nordisk jumped on Friday after the firm lifted its 2022 sales and operating profit guidance on the back of …

By Stephen Jewkes and Francesca Landini MILAN -Eni will press ahead with plans to find alternative gas supplies following Russia’s invasion of Ukraine after first-quarter profits soared above expectations on …