Financial News

WASHINGTON – Ukraine’s finance ministry on Monday welcomed the creation of a special new account set up by the International Monetary Fund to give bilateral donors and international organizations a …

By Indradip Ghosh and Prerana Bhat BENGALURU – The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according …

(Reuters) – Brazilian airline Gol SA said on Monday it expects to report a loss of 1.98 real per share in the first quarter of 2022 and a loss of …

By Ross Kerber (Reuters) -New York pension officials on Monday said they will support shareholder resolutions filed at major banks seeking quick cuts to financing of new fossil fuel development, …

By Herbert Lash NEW YORK – Global stock markets fell on Monday, pulled lower by technology shares in Europe and on Wall Street, as U.S. Treasury yields jumped ahead of …

By Eva Mathews and Krystal Hu (Reuters) -Private equity firm Thoma Bravo will acquire SailPoint Technologies for $6.12 billion, the cybersecurity firm said on Monday, in the latest deal that …

By Jonathan Stempel (Reuters) – Daily Journal Corp, the publishing and software company where Warren Buffett’s business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday …

By Kanishka Singh (Reuters) – California utility PG&E Corp has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company …

By Kate Abnett and Alex Lawler BRUSSELS/LONDON -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply …

By Francesca Landini and Stephen Jewkes MILAN -The Benettons and U.S. investment fund Blackstone are aiming to launch a takeover offer for Italy’s Atlantia this week without involving directly other …

By Karen Brettell NEW YORK – The dollar held just below two-year highs against a basket of currencies on Monday, still supported by higher U.S. Treasury yields, while the euro …

By Scott DiSavino NEW YORK – Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand …

By Andrea Shalal WASHINGTON – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt …

HOUSTON – Oil executive Luis Giusti Lugo was removed from the board of directors of Houston-based refiner Citgo Petroleum, the chief of the company’s supervisory body said on Monday. “Citgo …

By Ann Saphir (Reuters) – There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, …

By Karin Strohecker and Jorgelina do Rosario LONDON -Investors moved a step closer on Monday to a potential payout of billions of dollars in default insurance on debt issued by …

By Davide Barbuscia NEW YORK – A rally in U.S. credit markets after the U.S. Federal Reserve started hiking rates last month was short-lived and some corporate bonds hit new …

(Reuters) – Activision Blizzard Inc has appointed former Accenture executive Kristen Hines as its new chief diversity, equity and inclusion officer, the “Call of Duty” maker that has been under …

WASHINGTON – U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, resulting in …

(Reuters) – Shares of Warner Bros Discovery Inc rose on Monday, the first trading day of the media and streaming firm formed from the $43-billion merger of Discovery Inc and …

By Ernest Scheyder (Reuters) – Ford Motor Co said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the …

LONDON -The EMEA Credit Derivatives Determinations Committee (CDDC) has been asked on Monday whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly bringing payout on billions of …

By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to …

By Tassilo Hummel PARIS -French bank Societe Generale said on Monday it would quit Russia and take a 3 billion euros ($3.3 billion) income hit from selling its Rosbank unit …