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By Bartosz Dabrowski -Schindler warned of lower profit in 2022 and contraction in its China business due to construction delays and other issues after the maker of elevators and escalators …

WASHINGTON – U.S. President Joe Biden ordered his administration last year to boost the domestic economy by cracking down on what it sees as a lack of competition in sectors …

By David Milliken LONDON -British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the …

By Andrius Sytas – Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military …

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 …

By Jose Torres TAPACHULA, Mexico -A dozen undocumented migrants on Mexico’s southern border sewed their mouths shut on Tuesday in a bid to convince the country’s immigration authority to grant …