Financial News

FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers’ …

By Jesús Aguado MADRID – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. …

By Swati Bhat and Aftab Ahmed MUMBAI -The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept …

(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted …

(Reuters) -The Russian central bank sharply cut its key rate to 17% on Friday and said future cuts were possible, as emergency steps had contained the risk to financial stability, …

TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to …

By David Henry NEW YORK – Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong …

LONDON – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists …

By Phuong Nguyen HAIPHONG -Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) with U.S. securities regulators, as it plans spending …

(Reuters) – Annual inflation will continue to rise due to the base effect, the Russian central bank said on Friday, adding that tightening of monetary conditions already in place will …

TAIPEI – Taiwan’s exports rose for a 21st straight month in March to a new record in line with forecasts, boosted by continued strong tech demand, though the government warned …

By Byungwook Kim SEOUL – Samsung Electronics’ flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen carriers half its price at home in …

(Reuters) – Australia’s Federal Court on Friday ordered lender Westpac Banking Corp’s superannuation agent to pay A$20 million ($14.96 million) in penalty for incorrect insurance charges. The court said BT …

By Miho Uranaka TOKYO -U.S. private equity firm KKR & Co Inc plans to take Japanese chip equipment maker Kokusai Electric Corp public in an IPO as early as June, …

By Asha Sistla (Reuters) – Gold traded in a tight range on Friday as the dollar climbed higher on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, …

(Reuters) – Russian brewers have asked the agriculture ministry to help them find ways to replace imported hops in the next few years as they fear shortages, the Kommersant newspaper …

By Sonali Paul MELBOURNE – Australian gas producer Woodside Petroleum Ltd’s agreed merger with BHP Group’s petroleum arm is in the best interest of its shareholders, an independent expert said, …

A look at the day ahead in markets from Tommy Wilkes. Barring a last-minute rebound, global stock markets will end this week lower — for European stocks that’s the first …

STOCKHOLM -AB Volvo expects its first-quarter operating income to take a hit from uncertainty caused by the Russia-Ukraine war and will set aside provisions worth 4 billion crowns ($423.2 million) …

PARIS – French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. …

By Elizabeth Howcroft (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send …

By Lisa Baertlein and Arriana McLymore LOS ANGELES – Walmart said it is boosting starting pay for its 12,000 long-haul truck drivers who deliver merchandise to its stores and Sam’s …

By Devayani Sathyan and Vivek Mishra BENGALURU – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to …

By Mike Dolan LONDON – Pretending it did not happen probably does not help much. Given its track record in preceding the last four recession since 1990, the brief inversion …

By Asha Sistla (Reuters) – Gold traded in a tight range on Friday as the dollar climbed higher on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, …