Financial News

ZURICH -Fragrance and flavour maker Givaudan on Tuesday confirmed its mid-term targets and said it would keep raising prices this year to offset higher input costs after like-for-like sales rose …

By Gaurav Dogra (Reuters) – Asian bonds witnessed their biggest monthly foreign outflow in two years last month, weighed down by a strengthening dollar and higher interest rates overseas, and …

By Tetsushi Kajimoto TOKYO -Japanese policymakers warned on Tuesday against any rapid moves in the foreign exchange market, underscoring the importance of stability as authorities kept a wary watch on …

ZURICH – The Swiss Financial Market Supervisory Authority (FINMA) has determined violation of market conduct rules at Blackstone Resources AG and one of its directors, the watchdog said on Tuesday. …

BEIJING – China’s export growth likely slowed in March as the Ukraine war inhibited global demand, while imports probably eased amid signs that widespread anti-COVID lockdowns have weakened domestic consumption, …

HONG KONG -China is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a …

By Aradhana Aravindan and Chen Lin SINGAPORE – Singapore’s economy likely expanded at a slower pace in the first quarter, but is expected to stay on its recovery path this …

HONG KONG – Citigroup Inc said on Tuesday it appointed Angel Ng to lead its Asia Pacific global wealth management business. Ng, currently Citigroup’s Hong Kong chief executive, will oversee …

By Leika Kihara TOKYO -Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed …

By Shaloo Shrivastava BENGALURU – The Bank of Korea is likely to stand pat at its meeting this week as its committee awaits the appointment of a new governor, but …

By Nidhi Verma, Nupur Anand and Chris Thomas NEW DELHI/MUMBAI/BANGALORE -India’s HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed …

By Wayne Cole SYDNEY – A measure of Australian business conditions picked up sharply in March as firms saw strong sales and labour conditions, while surging costs pushed retail prices …

By John Kemp LONDON -Portfolio investors sold petroleum last week as a slowing economy in China and Europe and a massive release of strategic stocks by the United States outweighed …

By Abinaya V and Nivedita Balu (Reuters) -Tesla Inc Chief Executive Elon Musk disclosed on Monday he had abandoned a plan to join Twitter Inc’s board just as his tenure …

By Erwin Seba HOUSTON – Chevron Corp and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at the company’s …

(Reuters) -Facebook owner Meta Platforms is beginning to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds, a key part of its plan for …

By Jamie McGeever ORLANDO, Fla. -For the U.S. bond market, the first quarter was marked by historically high volatility and the poorest performance in decades. Hedge funds scored badly, and …

By Jonathan Stempel NEW YORK – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, …

(Reuters) -Australia’s Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a global push to electrify vehicles and curb …

By Stephen Culp NEW YORK – Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading …

By Lucy Craymer WELLINGTON -New Zealand business confidence and demand worsened in the first quarter of this year due to the ongoing damage the COVID-19 outbreak is having on the …

(Reuters) – Bitcoin dropped 5.3% to $39,881.02 at on Monday, down $2,231.58 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 17.3% from the year’s high …