Financial News

By Giuseppe Fonte and Gavin Jones ROME – Italy has reduced its estimates for the economic growth impact of European Union funds and reforms connected with its Recovery Plan, a …

(Reuters) -Moscow-listed shares of state-controlled diamond miner Alrosa were down 12% on Friday after the United States expanded sanctions on the company, aiming to cut off additional sources of revenue …

(Reuters) – Canada’s Shopify Inc, will change its compensation package to give employees the flexibility to choose between cash and stock, looking to attract and retain talent in a highly …

By Joe Bavier, Clara Denina and Helen Reid JOHANNESBURG – Rio Tinto Ltd received an alumina shipment from Russia’s Rusal in late March, weeks after saying it was severing ties …

WASHINGTON – U.S. wholesale inventories increased more than initially thought in February, but inventory investment probably offered little or no boost to economic growth in the first quarter. The Commerce …

MILAN -Proceedings involving Italian bank Unicredit over alleged fraudulent diamond sales will start again from scratch, judicial sources said on Friday, increasing the risk many of the allegations could be …

By Julie Gordon OTTAWA -Canada’s unemployment rate fell to 5.3% in March, the lowest level on record, highlighting the tightening of the country’s labor market, Statistics Canada data showed on …

By Nathan Frandino and Christopher Walljasper CHICO, Calif. – A California law requiring grocery stores and restaurants to donate leftover food has been hard for local food banks and small …

BERLIN -Germany plans to offer more than 100 billion euros ($108.8 billion) worth of aid to companies hit by fallout from the war in Ukraine, according to a document from …

(Reuters) – Six weeks after Russia sent troops into Ukraine, the rouble has staged an apparently extraordinary recovery, but all is not what it seems and the exchange rate used …

By Gus Trompiz PARIS -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and …

By Patturaja Murugaboopathy (Reuters) – Global sustainable bond issuance slowed faster than the broader market in the first quarter, hit by a surge in market volatility after Russia invaded Ukraine …

By Ron Bousso LONDON – Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted …

By Sheila Dang (Reuters) -News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm’s …

By Fabian Cambero SANTIAGO – Chile’s consumer prices rocketed 1.9% in March, the highest monthly rise in almost thirty years, underscoring the challenge for authorities as they battle spiraling inflation …

BERLIN – Germany’s flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to …

NAIROBI – Afreximbank said on Wednesday it had set up a $4 billion trade finance programme to cushion economies and businesses on the continent against shocks arising from the war …

TORONTO – Canada’s economy gained a net 72,500 jobs in March, entirely in full-time work, Statistics Canada said on Friday. The jobless rate fell to a record low of 5.3%. …

By Isla Binnie and Andres Gonzalez MADRID – Oil major Shell and utilities Naturgy and Verbund are preparing binding bids to buy renewable energy assets in Spain valued at about …

By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The euro area economy is one of the most vulnerable to the fallout from Russia’s invasion of Ukraine, yet the message coming …

By Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as higher fuel prices weighed on …

BEIJING – China will step up policy measures in timely way to support the economy while studying new stimulus plans, state media on Friday quoted Premier Li Keqiang as saying. …

(Reuters) – U.S. investors remained net sellers of bond funds in the week to April 6 on rising prospects of rapid reductions to the Federal Reserve’s balance sheet alongside steady …

By Kate Abnett BRUSSELS – The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance …

BERLIN – Mercedes-Benz opened a new 200 million euro ($217 million) software centre in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring …