Financial News

MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which …

By Ann Wang YUNLIN, Taiwan – A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era …

By Tommy Wilkes LONDON – The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch …

LONDON – British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed on …

(Reuters) -Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier …

By Jonathan Cable and Leika Kihara LONDON/TOKYO – Global factory activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, while soaring …

LONDON – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy …

SHANGHAI -More than half of U.S. multinational companies in China have reduced their annual revenue projections, mostly due to the recent COVID-19 outbreak in Shanghai, according to a joint survey …

By Huw Jones LONDON – Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday …

(Reuters) -Worldline has bought a controlling stake in ANZ’s commercial acquiring business, completing the creation of a 51%-49% joint venture that it will control, the French payments company said on …

(Reuters) – As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide …

BEIJING -China’s new home prices rose slightly in March with demand in small cities still weak despite more local policy easing steps, and renewed COVID-19 flare-ups curbing the appetite to …

MADRID – Factory activity in Spain grew for a 14th consecutive month in March though at a slower pace because of pressure on supply chains and rising inflation fuelled by …

HAMBURG -Audi and Porsche owner Volkswagen is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next …

LONDON – Investors pumped in $18.9 billion into equities and $6.3 billion into bonds in the last week after weeks of outflows as BoFA strategists warned against reading too much …

A look at the day ahead in markets from Julien Ponthus. The deadline for European buyers of Russian gas to start paying in roubles and the release of that number …

By Jeffrey Dastin and Danielle Kaye (Reuters) – Amazon.com Inc workers at a warehouse in New York City’s Staten Island have so far voted 57% in favor of unionizing with …

(Reuters) – Russian manufacturing activity shrank in March at its fastest pace since the early stages of the COVID-19 pandemic in May 2020, dragged down by sharply rising delivery times …

LONDON – The number of households in England spending at least 10% of their budget on energy bills, a share deemed to represent “fuel stress”, will double on Friday to …

(Reuters) – One of President Vladimir Putin’s allies warned on Friday that Russia, a major global wheat exporter, could limit supplies of agriculture products to “friendly” countries only, amid Western …

By Dominique Patton and Hallie Gu BEIJING – China’s COVID-19 curbs are disrupting the supply of fertiliser to the country’s northeastern bread basket just a month away from spring planting, …

By Dhara Ranasinghe and Yoruk Bahceli LONDON -When euro zone interest rates turned negative in 2014, fixed income specialist Michael Hampden-Turner recalls having to explain to baffled bond investors how …

By Mike Dolan LONDON – Plague, war and inflation define the year so far – but faith in the U.S. dollar seems to have made it through the first three …

BEIJING – China’s factory activity slumped at the fastest pace in two years in March due to a local COVID-19 resurgence and economic fallout from the Ukraine war, a survey …

By Devayani Sathyan and Vivek Mishra BENGALURU – Australia’s central bank will end its longest easing cycle on record by the end of the third quarter, according to a Reuters …