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Category:

Financial News

  • Financial News

    Pizza company DP Eurasia to stay in Russia, cannot give 2022 outlook

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Anna Pruchnicka (Reuters) – DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said it plans to stay in Russia, but could not give an outlook …

  • Financial News

    Nissan delays Ariya electric SUV sales again, citing supply chain woes

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    TOKYO – Nissan Motor Co is pushing back the release date of the electric Ariya B6 SUV again due to a global shortage of semiconductors and other supply chain disruptions, …

  • Financial News

    U.S. stops Russian bond payments in bid to raise pressure on Moscow

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Megan Davies and Alexandra Alper NEW YORK/WASHINGTON -The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves …

  • Financial News

    Bulgaria cuts 2022 growth forecast to 2.6% from 4.8% amid war

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits, …

  • Financial News

    High commodity prices, comparative calm keeping investors interested in Latam M&A

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Tatiana Bautzer SAO PAULO – Latin American bankers expect investors to overlook political worries in the region this year and keep investing in local companies, buoyed by strong commodities …

  • Financial News

    Factbox-How U.S. banks are dipping their toes in the crypto water

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Hannah Lang (Reuters) – Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services …

  • Financial News

    Euro zone economy got March boost from reopening but prices soared -PMI

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Jonathan Cable LONDON – Euro zone business growth got a boost last month from the re-opening of economies following the Omicron coronavirus variant, according to a survey which however …

  • Financial News

    Boehringer’s operating income edges up on Jardiance, animal health

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    FRANKFURT – Germany’s unlisted Boehringer Ingelheim said operating income rose 1.8% in 2021, driven by more prescriptions of diabetes drug Jardiance and demand for its veterinary drugs as people purchased …

  • Financial News

    Macellum presses Kohl’s for more transparency in sales process

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Svea Herbst-Bayliss BOSTON -Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s Inc to be more open about its sales process, urging the retailer to give bidders …

  • Financial News

    Russian magnate says charging roubles for exports would backfire – newspaper

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    (Reuters) – Steel baron Vladimir Lisin, listed by Forbes magazine as Russia’s third richest man, told Kommersant newspaper on Tuesday that Moscow’s plans to charge roubles for its exports would …

  • Financial News

    BOJ Kuroda tones up warning on weak yen, says moves ‘somewhat rapid’

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Leika Kihara and Tetsushi Kajimoto TOKYO -Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid”, joining a chorus of policymakers who …

  • Financial News

    Ryanair expects summer fares to be 5-10% higher than in 2019

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    DUBLIN -Ryanair expects average air fares during this year’s summer peak season to be 5-10% higher than pre-pandemic prices in the same period of 2019, Group Chief Executive Michael O’Leary …

  • Financial News

    Swiss finance faces “manageable” first-round effects from Ukraine conflict – FINMA

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    BERN – While Swiss financial firms’ business ties to Russia are “not insignificant”, financial market supervisor FINMA does not currently foresee a wide-scale threat to the Swiss financial market and …

  • Financial News

    Asian equities face biggest foreign outflows in March in two years

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Gaurav Dogra (Reuters) – Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to an escalating conflict between Russia …

  • Financial News

    Spanish March service activity slows on war uncertainty, trucker strike -PMI

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    MADRID – Growth in Spain’s services sector slowed in March as uncertainty weighed after Russia invaded Ukraine, truckers went on strike and energy costs climbed, a survey showed on Tuesday. …

  • Financial News

    UK shoppers turn to own-label food as inflation bites, research shows

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    LONDON – British shoppers are increasingly choosing own-label products to help counter surging inflation, according to research by NielsenIQ that showed overall supermarket spending down on a year ago when …

  • Financial News

    Marketmind: The flight of doves

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. Even the most dovish central banks are now caving in, and accepting the need to act against persistent inflation. …

  • Financial News

    Australia’s central bank, no longer ‘patient’, opens door to tightening

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Wayne Cole SYDNEY – Australia’s central bank on Tuesday opened the door to the first interest rate increase in more than a decade as it dropped a previous pledge …

  • Financial News

    IMF says monitoring political and economic developments in Sri Lanka ‘very closely’

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    COLOMBO – The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka “very closely” as public unrest in the island nation …

  • Financial News

    Huawei pays out $9.65 billion in dividends to current and retired staff

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    SHANGHAI – Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, according to a filing with the Shanghai …

  • Financial News

    Russian services sector shrinks in March at fastest pace since May 2020 – PMI

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    (Reuters) – Russia’s services sector activity shrank in March at the fastest rate since May 2020 when the COVID-19 pandemic hit, due to a slump in client demand and new …

  • Financial News

    Gold slips as dollar holds firm on safe-haven flows

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Asha Sistla (Reuters) – Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by …

  • Financial News

    Twitter options trades ahead of Musk disclosure raise analysts’ eyebrows

    by Reuters April 5, 2022
    by Reuters April 5, 2022

    By Saqib Iqbal Ahmed NEW YORK – Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake …

  • Financial News

    Logistics giants hedge their bets in uncertain U.S. self-driving truck race

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Tina Bellon TUCSON, Ariz. – U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and …

  • Financial News

    Saudi non-oil private sector keeps up solid growth in March – PMI

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    DUBAI – Saudi Arabia’s non-oil private sector kept up its solid pace of growth in March as output expanded at the fastest rate in over four years, a survey showed …

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