Financial News

By David Shepardson WASHINGTON – The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs. The …

By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia’s invasion of Ukraine …

WASHINGTON – The U.S. Justice Department asked a federal court in Denver on Thursday to drop price-fixing charges filed against five executives of chicken producing companies after two mistrials in …

(Reuters) – U.S. authorities are investigating whether an options trade in Activision Blizzard Inc violated insider-trading laws as it followed a meeting between CEO Bobby Kotick and one of the …

(Reuters) -The Russian rouble strengthened for a ninth straight session in Moscow, ending near 83 per dollar on Thursday, and stocks jumped higher as some curbs on short selling were …

(Reuters) -The Russian rouble strengthened for a ninth straight session in Moscow, ending near 83 per dollar on Thursday, and stocks jumped higher as some curbs on short selling were …

(Reuters) – One of Russia’s flagship airliner projects, the Irkut MS-21, will use domestic engines given that sanctions mean U.S. models are no longer available, the RIA news agency cited …

WASHINGTON – The White House is seeing an “artificial propping up of the rouble” by the Russian central bank and by the Russian government, communications director Kate Bedingfield said on …

By Chuck Mikolajczak NEW YORK – U.S. stocks slumped to close out the first quarter on Thursday with its biggest quarterly decline in two years as concerns persisted about the …

By Joseph Nasr and Mark Trevelyan BERLIN/LONDON -Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a …

By Nelson Bocanegra and Julia Symmes Cobb BOGOTA – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 5% on Thursday, significantly lower than expected …

By Elvira Pollina MILAN -Telecom Italia (TIM) and state lender CDP are expected to start formal negotiations over a potential merger of TIM’s network assets with those of state backed …

By Huw Jones and Tom Wilson LONDON -European Union lawmakers backed new safeguards for tracing transfers of bitcoin and other cryptocurrencies on Thursday, in the latest sign that regulators are …

By Arathy Somasekhar HOUSTON -U.S. oil prices fell 7% to close just above $100 on Thursday as President Joe Biden announced the largest ever release from the U.S. Strategic Petroleum …

By Jonathan Stempel NEW YORK – A federal judge on Thursday dismissed a lawsuit accusing Binance, the world’s largest cryptocurrency exchange by trading volume, of violating U.S. securities laws by …

By Kirstin Ridley LONDON -A proposed multi-billion pound claim brought by thousands of asset managers, pension funds and financial institutions against major banks over alleged foreign exchange (forex) rigging has …

By John McCrank NEW YORK -The dollar rose on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as …

MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will seek to control food prices if inflation cannot be brought down. “We’ve been able to …

NEW DELHI – NTPC Ltd’s $2.81 billion coal-fired power plant, which is currently under construction in India, may face supply issues from Russian entities, India’s power minister said on Thursday. …

STOCKHOLM – Finnish network equipment maker Nokia said on Thursday it had launched a legal challenge to a decision by the Romanian government to exclude it from selling 5G technology …

WASHINGTON – President Joe Biden on Thursday accused U.S. oil companies of enjoying record profits while Americans pay high gasoline prices and said they should use the money to produce …

By Mircely Guanipa and Marianna Parraga CARACAS/HOUSTON – Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according …

(Reuters) – French agribusiness group InVivo has entered exclusive negotiations to merge its retail activities with 2MX Organic, an acquisition vehicle backed by French telecoms billionaire Xavier Niel, the companies …

By Brijesh Patel (Reuters) – Gold on Thursday was headed for its biggest quarterly gains since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the …

WASHINGTON – Achieving a “soft landing” for the U.S. economy amid new inflationary pressures prompted by Russia’s invasion of Ukraine will be a challenging task for the Federal Reserve and …