Financial News

COLOMBO – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high …

By Simon Jessop LONDON – Asset owners managing more than $10.4 trillion have urged governments not to let worries about security of fossil fuel supplies impede the transition to greener …

By Hyunjoo Jin SAN FRANCISCO -Electric carmaker Tesla will make a “dedicated” self-driving taxi that will “look futuristic,” Chief Executive Elon Musk said on Thursday, without giving a timeframe. The …

By Asha Sistla (Reuters) – Gold prices remained trapped in a tight range on Friday as the dollar firmed on prospects of aggressive interest rate hikes by the U.S. Federal …

(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” …

By Harshita Swaminathan (Reuters) – Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm …

(Reuters) – Italian confectionary group Ferrero has voluntarily recalled some of its Kinder chocolates from the American shelves for a potential link with salmonella contamination. Kinder Happy Moments Chocolate Assortment …

By David Lawder WASHINGTON -The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but …

By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S. Federal Reserve finally …

By Patricia Zengerle WASHINGTON -The U.S. Congress voted to impose further economic pain on Russia over the invasion of Ukraine on Thursday, passing one measure to remove its “most favored …

By Kantaro Komiya TOKYO – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for …

By Cassandra Garrison and Andrea Shalal MEXICO CITY/WASHINGTON -Inter-American Development Bank directors have met to discuss accusations in an anonymous email that the bank’s president, Mauricio Claver-Carone, carried out an …

LIMA – Peru’s central bank raised the country’s benchmark interest rate 50 basis points to 4.5% on Thursday, the highest since 2009, as authorities battle stubborn inflation that has sparked …

WASHINGTON – The United States blacklisted two Russian state-owned enterprises, United Shipbuilding Corp and the Alrosa diamond mining company, denying them access to the U.S. financial system over Russia’s invasion …

By Daina Beth Solomon SAN LUIS POTOSI, Mexico -A top U.S. labor official commended Mexico for progress in implementing a labor reform that is key to a new trade deal, …

(Reuters) -Macro funds this year posted their highest first-quarter performance since 1993, as fund managers navigated well amid high volatile markets, a report by hedge fund data provider HFR showed …

(Reuters) – Microsoft Corp said on Thursday it had disrupted hacking attempts by Russian military spies aimed at breaking into Ukrainian, European Union, and American targets. In a blog post, …

By Caroline Valetkevitch NEW YORK – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the U.S. dollar climbed to its highest in nearly two years …

(Reuters) – Canada’s Shopify Inc has introduced changes to its employees’ compensation packages, giving them more flexibility between cash and stock components, the Globe and Mail reported on Thursday. The …

By Julie Gordon and Steve Scherer OTTAWA – Canada’s Liberals put red-hot real estate markets squarely in their sights on Thursday, laying out a budget geared at boosting housing affordability …

By Gustavo Palencia TEGUCIGALPA – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted bitcoin and other cryptocurrencies as legal tender, officials of the zone …

WASHINGTON – The U.S. Federal Deposit Insurance Corporation (FDIC) on Thursday said the thousands of banks it supervises should notify the regulator of any crypto-related activities they have or are …

By David Morgan (Reuters) – President Joe Biden’s nominees to the Federal Reserve moved a step closer to confirmation Thursday after U.S. Senate Majority Leader Chuck Schumer entered procedural motions …

By Jonathan Stempel (Reuters) -HP Inc’s stock soared to a record high on Thursday after billionaire Warren Buffett’s Berkshire Hathaway Inc said it had taken an 11.4% stake valued at …

By Tim Hepher LONDON -Qatar Airways and Airbus clashed in court on Thursday over the fate of billions of dollars of jet orders as their 25-year partnership unravelled in scenes …