Financial News

(Reuters) – Pfizer Inc said on Monday that Lowe’s Cos Inc Chief Financial Officer David Denton would succeed company veteran Frank D’Amelio as the U.S. drugmaker’s finance chief. Denton, who …

By Foo Yun Chee BRUSSELS – Apple faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify, a person familiar with …

BEIJING – China will step up the implementation of macro policies as the downward pressure on the economy is increasing, state media on Monday quoted Premier Li Keqiang as saying. …

By Anne Kauranen HELSINKI – Russia’s state-owned nuclear power supplier Rosatom and its Finnish unit RAOS Project will proceed with a planned nuclear plant in Finland, RAOS said on Monday, …

BRUSSELS – The European Commission has added 21 Russian airlines to a list of carriers banned from operating in the 27-nation bloc because they do not meet international safety standards, …

By Patricia Vicente  Rua and Catarina Demony LISBON -Ailing Portuguese airline TAP posted an annual loss of 1.6 billion euros ($1.74 billion) on Monday, while voicing “cautious optimism” that 2022 …

By Paresh Dave OAKLAND, Calif. – Alphabet Inc’s Google on Monday sued an alleged puppy scammer who used its services to sell fake pets, the first of what the company …

WASHINGTON – U.S. asset managers are pushing back on draft rules aimed at fixing systemic risks in the $5 trillion money market funds industry, arguing that one of the proposed …

By Judy Hua and Kevin Yao BEIJING -New bank lending in China rose more than expected in March, while broad credit growth accelerated from the previous month as the central …

(Reuters) – The Kremlin said on Monday that Russia had the resources to pay its debt so there was no objective reason for a default. “There can only be a …

(Reuters) – Japanese investors were big sellers of overseas debt in March, as prices of overseas bonds declined on concerns over inflation and aggressive tightening measures by major central banks. …

Gdansk -Poland’s biggest fashion retailer, LPP, said on Monday it would strengthen its presence in the European Union, shifting focus after suspending its business in Ukraine and closing stores in …

NEW DELHI – Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese …

(Reuters) -Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will …

SHANGHAI – China auto sales plunged in March as the country’s curbs to rein in COVID-19 outbreaks took their toll, while Tesla Inc was among automakers feeling the pain of …

A look at the day ahead in markets from Saikat Chatterjee. Relief that the far right did not win the first round of French presidential elections lasted only a few …

(Reuters) – Uno sguardo alla giornata sui mercati a cura di Saikat Chatterjee. E’ durata giusto un paio d’ore la sensazione di sollievo dopo il primo turno delle presidenziali francesi, …

Two central banks in countries at opposite ends of the Pacific Ocean meet on Wednesday and could deliver the first half-point interest rate rises in any developed nation of this …

By Leika Kihara TOKYO -The Bank of Japan on Monday cut its assessment for most regional economies in the country and its governor warned of “very high uncertainty” over the …

By Emma-Victoria Farr LONDON – Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and …

By Aditya Kalra NEW DELHI – India’s $8 billion Amul dairy group said on Monday it is bracing for disruptions and higher input costs for some products from July when …

By David Milliken LONDON -Britain’s economy slowed more sharply than expected in February, reflecting a hit to car production from component shortages, storm disruption and reduced health spending as households …

SHANGHAI/BEIJING – Auto sales in China fell 11.7% in March versus an 18.7% rise in February, industry data showed on Monday, as the country’s zero COVID-19 policies kept people from …

HELSINKI – Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact on its production. The sanctions, …