Financial News

By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar hit its highest in nearly two years on Tuesday, boosted by hawkish comments from Federal Reserve officials who pushed for a …

By Foo Yun Chee BRUSSELS -Major online platforms face a yearly fee up to 0.1% of annual net income to cover the costs of monitoring compliance with new European Union …

SAO PAULO – The International Finance Corporation (IFC), the World Bank’s private-sector arm, is expected to maintain the pace of its environment-focused investments in Brazil regardless of the outcome of …

By Ben Klayman DETROIT – General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing …

By Marianna Parraga (Reuters) – Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s …

By Scott DiSavino NEW YORK – Oil prices eased in volatile trade on Tuesday, pressured by a rising U.S. dollar and growing worries that new coronavirus cases could slow demand …

By Jonathan Stempel NEW YORK -U.S. authorities on Tuesday announced criminal and civil charges against the former head of a now-defunct British company for making a fraudulent bid to buy …

By Seher Dareen (Reuters) – Gold fell on Tuesday as rising U.S. Treasury yields and expectations for more aggressive monetary policy tightening by the Federal Reserve offset safe-haven demand for …

By Marcela Ayres and Rodrigo Viga Gaier BRASILIA -Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after …

(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President …

MILAN -Italy’s insurance watchdog IVASS said on Tuesday it would not start a probe into Generali’s rebel investors as it had not found any evidence they had breached disclosure rules …

By Lucia Mutikani WASHINGTON – U.S. services industry activity picked up in March, boosted by the rollback of pandemic restrictions, but higher prices for fuel and other commodities because of …

By David Lawder WASHINGTON -The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s ability to collect taxes and fund its …

By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt …

By Akash Sriram (Reuters) -Amazon.com Inc has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam …

(Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with …

(Reuters) – Apple Inc said on Tuesday it will host its annual developers’ conference in an online format for the third year in a row, from June 6 to June …

(Reuters) – The world’s biggest cruise operator Carnival Corp on Tuesday reported its busiest booking week in history as leisure travel continues to rebound from a long pandemic-led hiatus. The …

By David Shepardson WASHINGTON -The U.S. government may need more than 100,000 charging stations to support widespread electric vehicle use, a government watchdog told a congressional hearing on Tuesday. The …

PARIS – Farfetch Ltd, an online retailer of luxury fashion products, said on Tuesday it will make an investment of up to $200 million in Neiman Marcus Group, gaining a …

MADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a European Union order to count …

(Reuters) – Production of the new Air Force One jet by Boeing Co faced disruption early this year due to problems at the planemaker’s factory, the Wall Street Journal reported …

By Nayara Figueiredo SAO PAULO – Driven by Chinese demand, the growth in use of feedlots in Brazilian beef production rose to about a fourth of the country’s overall slaughtered …

By Francesco Guarascio (Reuters) – The European Commission proposed sweeping new sanctions against Russia on Tuesday including banning coal imports and halting trade worth nearly 20 billion euros ($22 billion) …