Financial News

(Reuters) -On the weekend Elon Musk was expected to join Twitter’s board, the billionaire tweeted to his about 81 million followers ideas and changes he wanted to bring to the …

(Reuters) -The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly basis in the first such suspension since 1997. The central …

By Sruthi Shankar and Anisha Sircar (Reuters) -European stocks fell on Monday as surging bond yields hit technology shares and volatility gripped French blue-chip stocks on forecasts of a tight …

LONDON – OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be …

By Chavi Mehta (Reuters) -Canadian e-commerce giant Shopify Inc on Monday announced a 10-for-1 split of its class A and class B stock, joining a growing list of companies that …

(Reuters) – Moderna Inc on Monday named Jorge Gomez, a senior executive at dental products maker Dentsply Sirona Inc, as its new chief financial officer, effective May 9. Gomez, who …

By Matt Scuffham NEW YORK – Trading may be a surprise bright spot for Wall Street banks in the first quarter, after clients rejigged portfolios in response to Russia’s invasion …

(Reuters) -Epic Games said on Monday it had raised $2 billion from Sony Group Corp and the family owned holding company behind the Lego Group, valuing the “Fortnite” creator at …

BUENOS AIRES – Argentina’s largest oil union called on the industry to restore jobs lost during the COVID-19 pandemic following a significant increase in production, the union’s leader told Reuters. …

(Reuters) -The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares …

(Reuters) – U.S. consumers boosted their expectations for inflation and household spending in the year ahead as the price of gas and food steepens, but tempered their view of inflation …

By Giuseppe Fonte ROME – Italy plans to beef up its scrutiny of corporate takeovers with a new dedicated division at the cabinet office to oversee merger deals involving strategic …

(Reuters) – Video-sharing app TikTok’s advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals Twitter Inc and Snap Inc, …

(Reuters) -Russia will take legal action if the West tries to force it to default on its sovereign debt, Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper on Monday, …

ZURICH – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had …

(Reuters) – U.S. stock indexes opened lower on Monday, dragged down by high-growth stocks as Treasury yields surged, ahead of Tuesday’s inflation data that could back a more hawkish stance …

(Reuters) – JetBlue Airways and Frontier Group are in a tug of war for low-cost carrier Spirit Airlines, as U.S. airlines jostle for a larger share of the rebounding leisure …

(Reuters) – General Motors Co said on Monday it has developed a global continuity plan with its partners and suppliers to mitigate the uncertainty faced by the auto industry following …

(Reuters) – Luckin Coffee Inc, said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud derailed the coffee chain’s business. Founded in 2017, Xiamen-based Luckin …

By Marcelo Teixeira BOSTON – Traders are diverting coffee shipments that were initially expected to go to Russia, and some have stopped selling to that market altogether, attendees at a …

BUDAPEST – Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles to meet a new requirement set by President Vladimir Putin, …

BERLIN – Mercedes-Benz aims to halve its CO2 emissions by 2030, the carmaker said on Monday, providing a half-way goal to its existing target of becoming CO2 neutral by 2039. …

(Reuters) – BOC Aviation said on Monday it plans to buy 80 Airbus A320neo family jets in what is the aircraft-leasing firm’s largest order. The order consists of 10 A321XLR …

By Julie Gordon and Nichola Saminather OTTAWA -Canada has an ambitious plan to double the pace of homebuilding within a decade but the first big challenge is finding enough skilled …

By Supantha Mukherjee and Anna Ringstrom STOCKHOLM – Ericsson is suspending its business in Russia indefinitely and has put employees on paid leave, six weeks after the Swedish telecom equipment …