WASHINGTON – The U.S. Justice Department’s Antitrust Division and the FBI announced an initiative on Thursday to detect and prosecute companies that take advantage of supply chain disruptions to collude …
All News
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FRANKFURT – The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after “transient boosts” from supply snags that may extend …
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Financial News
Air France-KLM to seek up to 4 billion euros to repay state aid, shares sink
by Reutersby ReutersBy Piotr Lipinski PARIS -Air France-KLM plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing …
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Financial News
Japan’s trade deficit jumps to 8-year high as commodity imports soar
by Reutersby ReutersBy Daniel Leussink and Kantaro Komiya TOKYO -Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers …
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By Nerijus Adomaitis OSLO – Norway’s oil and gas firms plan to invest almost $18 billion this year, more than originally expected, as they take advantage of pandemic-era tax incentives, …
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By Simon Jessop LONDON – France’s CNP Assurances will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing …
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Financial News
Commerzbank sees strong 2022 as quarterly profit trounces estimate
by Reutersby ReutersBy Tom Sims and Frank Siebelt FRANKFURT – Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and …
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Financial News
ECB’s De Cos says withdrawal of stimulus scheme should be data-dependent, gradual
by Reutersby ReutersMADRID – European Central Bank policymaker Pablo Hernandez de Cos on Thursday said that any premature tightening of monetary policy would only hurt the economy and stimulus should be withdrawn …
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Health and WellnessUS and World News
Moderna eyes COVID booster by August, not clear yet if Omicron-specific needed
by Reutersby Reuters(This Feb. 16 story has been corrected to show price to be very similar to high-dose flu vaccine, not COVID vaccine, in paragraph 8) By Francesco Guarascio BRUSSELS – An …
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Financial News
EasyJet wants more Milan slots if ITA links with Lufthansa – paper
by Reutersby ReutersROME – EasyJet would want more slots at Milan’s Linate airport should carrier ITA team up with Germany’s Lufthansa, the chief executive of the British carrier said, indicating the airline’s …
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Financial News
StanChart bets on rate hikes to hit lofty goals as profit disappoints
by Reutersby ReutersBy Anshuman Daga and Lawrence White SINGAPORE/LONDON – Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks …
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By Min Zhang and Dominique Patton BEIJING – China’s state planner has told some iron ore traders to release excessive inventory and reduce stocks to reasonable levels, following a joint …
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Financial News
G20 must push relief to avoid debt crises – experts, campaigners
by Reutersby ReutersBy Joe Bavier and Rachel Savage JOHANNESBURG/LONDON -Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and …
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BEIJING – Coffee chains such as Luckin Coffee and Tim Hortons have increased the prices of their beverages in China, with U.S. giant Starbucks blaming “multiple factors” such as higher …
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Financial News
Philippine central bank stands pat on rates, flags recovery risks
by Reutersby ReutersBy Neil Jerome Morales and Enrico Dela Cruz MANILA -The Philippine central bank left key interest rates unchanged for a 10th consecutive policy meeting on Thursday, reaffirming continued support for …
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BERLIN – Continental is considering splitting into four separate businesses to boost its market capitalisation but must convince majority shareholder Schaeffler of the plan, Manager Magazin reported, sending Continental shares …
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Financial News
LIC’s looming IPO weighs on India insurer shares, investors say
by Reutersby ReutersBy Nupur Anand and Abhirup Roy MUMBAI – Next month’s mammoth stock market debut for India’s Life Insurance Corporation (LIC) has battered shares in other insurers as investors trim their …
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Financial News
Retailer Carrefour’s shares rise after confident outlook and record 2021 cash generation
by Reutersby ReutersPARIS – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan …
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ZURICH – Swiss companies are not stockpiling cash in their strongrooms and offices to avoid being hit by negative interest rates, a Swiss National Bank (SNB) survey released on Thursday …
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A look at the day ahead from Danilo Masoni. Beneath the surface of the wild swings that have gripped markets this year, there is a strong trans-Atlantic current of rising …
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Financial News
USTR says new trade tools needed to fight China state-led trade
by Reutersby ReutersBy David Lawder WASHINGTON -The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade …
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HONG KONG – The Hong Kong Retail Management Association said on Thursday retail traffic in the global financial hub has dropped 40% from December as a surge in coronavirus cases …
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Financial News
U.S. sanctions on Russian banks are the West’s most potent economic threat
by Reutersby ReutersBy Catherine Belton LONDON -For NATO members, the most powerful measure against Russia were it to invade Ukraine would be U.S. sanctions cutting off Russian state banks from the dollar …
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Featured NewsFinancial News
In China’s Zhejiang, college grads showered with loans to start businesses
by Reutersby ReutersBEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to start a business, and if …
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By Mathieu Rosemain PARIS -Orange, France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish …