Financial News

By Sinead Cruise and Carolina Mandl (Reuters) -Citigroup has started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said on …

(Reuters) – The U.S. labor force is not increasing fast enough to help with the Fed’s immediate battle with inflation, St. Louis Fed president James Bullard said Thursday, discounting the …

(Reuters) – The Russian finance ministry together with the central bank are working on measures to make the rouble exchange rate more predictable and less volatile, Finance Minister Anton Siluanov …

(Reuters) – Moscow has doubled the state support available for opening a fastfood chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will …

By Jesús Aguado MADRID – Banks and supervisors are concerned about implementing sanctions against Russian oligarchs as they vary in scope and in who they target across different jurisdictions, Bank …

By Yuka Obayashi TOKYO – The premium for aluminium shipments to Japanese buyers for April to June was set at $172 a tonne, down 2.8% from the previous quarter, as …

BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up with stronger economic growth expected …

By Bhanvi Satija (Reuters) -Pfizer Inc said on Thursday it would buy privately-held ReViral Ltd in a deal worth as much as $525 million including milestone payments, to gain access …

By Katanga Johnson and Elizabeth Dilts Marshall WASHINGTON/NEW YORK -The U.S. consumer watchdog plans to ramp up enforcement actions against lenders that illegally charge credit card late-payment fees and may …

(Reuters) – BlackBerry said on Thursday it had agreed to pay $165 million to settle a more than eight-year-old class action lawsuit brought against it for allegedly defrauding shareholders by …

LONDON – Quantitative easing may be the wrong tool to tackle any future episodes of bond market turmoil, especially given how high inflation is now, Bank of England Chief Economist …

By Nora Buli OSLO – Russian gas deliveries to Europe via the Yamal-Europe pipeline reversed direction to flow from Germany to Poland on Thursday morning and supplies via Ukraine also …

FRANKFURT -European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been …

By Elizabeth Culliford (Reuters) – Facebook-owner Meta has removed hacking campaigns, influence networks and scam operations amid the war in Ukraine, according to a report released on Thursday by the …

By Gilles Guillaume PARIS – Renault chief Luca de Meo wants to press ahead with plans to create separate divisions for electric (EV) and combustion engine vehicles despite potentially costly …

By Padraic Halpin DUBLIN – The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes in the cost of renewing …

MILAN – Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of Italian road and airport operator Atlantia last week after talks with its main shareholder the Banettons, the …

By Gabriel Burin BUENOS AIRES – Brazil’s real will keep trading close to its pre-pandemic levels in coming weeks, still riding a wave of positive sentiment that is strikingly at …

MADRID – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic impact from Russia’s invasion of …

By Nichola Groom (Reuters) – The Solar Star project in California is among the largest solar energy facilities in the world, boasting 1.7 million panels spread over 3,000 acres north …

LONDON – Major Generali shareholder Union Investment supports existing management in the insurer led by chief executive Philippe Donnet, a portfolio manager in the firm said on Thursday. Generali is …

(Corrects split in rate expectations in paragraph 4) By Swathi Nair BENGALURU – Recession risks in the euro area are rising, with euro zone inflation seen running hot for the …

By Carolyn Cohn, Pamela Barbaglia and Valentina Za LONDON -A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s largest …

By David Lawder and Dan Burns (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major economies forum, and the …

By Amna Karimi (Reuters) -Ladbrokes owner Entain saw a rise in first-quarter revenue, boosted by a rebound in its retail betting shops and an expansion of its U.S. joint venture, …