Financial News

By Lidia Kelly MELBOURNE – Ukraine has banned all imports from Russia, one of its key trading partners before the war with annual imports valued at about $6 billion, and …

BERLIN – Germany’s economic growth could fall to 1.4%-1.5% this year, from 2.7% in 2021, with an average of around 590,000 people on reduced-hours lay-off schemes over the course of …

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO -Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including …

(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry …

COPENHAGEN – Danish investment bank Saxo Bank said on Saturday it had terminated clients from Russia and Belarus in response to sanctions imposed on those countries following Russia’s invasion of …

BERLIN – Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have …

LONDON – Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though …

(Reuters) -YouTube has blocked Duma TV which broadcasts from Russia’s lower house of parliament, drawing an angry response from officials who said the world’s most popular streaming service could face …

MILAN -Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed …

(Reuters) -The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned …

SHANGHAI – Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country’s measures to contain the recent surge of COVID-19 cases disrupted operations at …

MELBOURNE – S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honor its commitments to foreign …

(Reuters) -AT&T Inc’s WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq …

By Luc Cohen and Jody Godoy NEW YORK(Reuters) -Former Goldman Sachs banker Roger Ng was convicted by a U.S. jury on Friday of corruption charges related to his role in …

(This April 7 story corrects headline to say “U.S. Chamber of Commerce official” instead of “U.S. commerce official”) By Ana Mano SAO PAULO – The Biden administration is not doing …

By Herbert Lash, Bansari Mayur Kamdar and Praveen Paramasivam NEW YORK -The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained …

By Caroline Valetkevitch NEW YORK – The U.S. Treasury 10-year yield hit a three-year high above 2.7% on Friday while the U.S. dollar index posted its largest weekly percentage gain …

NEW YORK -Amazon.com Inc on Friday called for an election re-run after workers at a New York City warehouse voted to create the company’s first U.S. union, saying that the …

By Alexandra Alper and Karen Freifeld WASHINGTON -The United States on Friday broadened its export curbs against Russia and Belarus, restricting access to imports of items such as fertilizer and …

(Reuters) – Russia will relax temporary capital control measures aimed at limiting a drop in the rouble by allowing individuals to buy cash foreign currency and will also scrap commission …

(Reuters) -Home improvement chain Lowe’s Cos Inc said on Friday Chief Financial Officer David Denton would step down to pursue another opportunity at a publicly traded company outside the industry. …

By Tim Hepher PARIS -Airbus lost a fifth of outstanding orders for its A330neo long-haul jet in March as the plane’s largest customer went through restructuring, but won sales elsewhere …

NEW YORK – Speculators’ net long positioning on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on …

(Reuters) – Chipmaker Nvidia Corp said on Friday it would seek shareholders’ approval to increase the number of authorized shares of common stock to 8 billion from 4 billion. (Reporting …

By David Shepardson WASHINGTON -United Airlines confirmed on Friday it has delayed the return of some grounded Boeing 777 planes with Pratt & Whitney 4000 engines until at least May …