Financial News

By Seher Dareen (Reuters) – Gold rose on Monday as investors sought the safe-haven asset amid prospects of Western countries imposing more sanctions on Russia over its invasion of Ukraine …

MADRID – Spain’s Santander on Monday said that starting during the first quarter of 2022 it would change the group’s financial reporting of segments, reallocating certain costs of the corporate …

By Jonathan Stempel NEW YORK – Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian …

(Reuters) – Air Lease Corp confirmed its order for 32 Boeing 737 MAX jets on Monday, as it seeks to meet increasing demand for the narrow-body jets from airlines eager …

(Reuters) -General Motors Co will receive support worth C$518 million ($414.96 million) from Canada toward its multi-billion dollar investments in its two plants in Ontario, including one that will produce …

By Susan Mathew and Anisha Sircar (Reuters) – European shares gained on Monday with tech stocks rallying more than 2%, while investors kept an eye out for more Western sanctions …

By Krystal Hu, Chibuike Oguh and Anirban Sen (Reuters) -When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc last month, …

PARIS -Airbus has revoked the contract for a third A350 ordered by Qatar Airways after the Gulf carrier rejected delivery in an ongoing dispute over damage to the surface of …

By Julie Gordon OTTAWA – A record number of Canadian businesses are facing capacity pressures amid intense labor shortages and ongoing supply chain difficulties, with many expecting significant wage and …

By Timothy Gardner WASHINGTON -Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the …

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON – The dollar gained on Monday, rising for three straight sessions, as civilian killings in north Ukraine and the prospect of increased …

HAMBURG – Europe’s largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol markets boosted earnings. Group operating …

By Lucia Mutikani WASHINGTON – New orders for U.S.-made goods fell in February, likely because of persistent shortages of materials and a shift in spending back to services, but manufacturing …

By Clara Denina and Zandi Shabalala LONDON – Kyrgyzstan will take full control of the Kumtor gold mine (KGC), its biggest industrial enterprise, under an out-of-court settlement with Canada-based Centerra …

NEW YORK – JPMorgan Chase & Co’s Chief Executive Jamie Dimon could remain as the bank’s chairman when he eventually relinquishes the day-to-day running of the firm, the bank said …

By Nora Buli and Nina Chestney OSLO/LONDON – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders urged …

PARIS – Record low temperatures in many parts of France in the night from Sunday to Monday is expected to have caused severe damage to some fruit and wine production …

CHICAGO – Chinese buyers bought 1.084 million tonnes of U.S. corn, their biggest purchase of U.S. grain since May 2021, the U.S. government said on Monday. The deal comes as …

WASHINGTON -Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the latest move by …

By Eric Onstad LONDON -British financial regulators launched a sweeping probe on Monday into how the London Metal Exchange (LME) suspended chaotic nickel trading last month, a move that prompted …

By Yadarisa Shabong and Muhammed Husain (Reuters) – Ted Baker is open to selling itself at the right price after seeing a flurry of takeover interest, the British fashion retailer …

(Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs …

LONDON – Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies …

By Nupur Anand and Chris Thomas MUMBAI -India’s largest private lender HDFC Bank is buying its biggest shareholder in a $40 billion deal, the country’s biggest ever, creating a financial …

(Reuters) – Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand …