Financial News

WASHINGTON – U.S. President Joe Biden’s administration on Thursday announced a plan to release 1 million barrels of oil a day from the strategic petroleum reserve over the next six …

By Huw Jones and Nichola Saminather LONDON -Royal Bank of Canada became the latest Canadian lender to expand overseas with a 1.6 billion pound ($2.1 billion) all-cash offer for U.K.-based …

(Reuters) -Russian energy giant Gazprom is looking at options for halting gas supplies to “unfriendly” countries and evaluating the possible consequences, Russian daily Kommersant reported on Thursday citing unnamed sources. …

By Lisa Pauline Mattackal (Reuters) – The United States is unlikely to face an economic recession in the next two years despite bond markets flashing warning signs, inflation at its …

By Hannah Lang (Reuters) – Circle Internet Financial has selected Bank of New York Mellon Corp as primary custodian for its reserves of USD Coin, a stablecoin cryptocurrency whose value …

By Ann Saphir and Howard Schneider (Reuters) – In mid-March, U.S. central bankers raised interest rates for the first time since 2018 and published projections signaling a far more aggressive …

By James Davey ROYDON, England – In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow …

By Bhanvi Satija and Manas Mishra (Reuters) -Walgreens Boots Alliance Inc kept its 2022 earnings forecast unchanged even as it beat estimates for second-quarter results, sending the drugstore chain’s shares …

By Julie Gordon OTTAWA -The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting …

(Reuters) – Russian President Vladimir Putin said on Thursday that he had signed a decree saying foreign buyers must pay in roubles for Russian gas from April 1, and contracts …

MADRID – Sales of consumer goods rose 13% in Spain in the wake of Russia’s invasion of Ukraine as supply concerns, exacerbated by a partial transport strike, prompted shoppers to …

By John Kemp LONDON – China’s manufacturing sector contracted this month as coronavirus outbreaks, city-level lockdowns, rising input prices and the severe disruption of global supply chains take their toll …

By Anthony Deutsch and Toby Sterling THE HAGUE -Dutch lawmakers demanded of Prime Minister Mark Rutte’s government on Thursday that it speed up the implementation of sanctions against Russia, saying …

By Huw Jones and Carolyn Cohn LONDON – Britain’s finance ministry flagged several reforms on Thursday and defended regulators from criticism they are too slow to license firms, saying flawed …

BERLIN -Volkswagen Group will have to recall more than 100,000 plug-in hybrid vehicles globally due to the risk of fire, said a spokesperson for the German carmaker. Some 42,300 owners …

By Andrew MacAskill and Sinead Cruise LONDON – Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in …

BRASILIA – Brazil’s jobless rate stood at 11.2% in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the period in six years, amid …

LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses …

BERLIN/SHANGHAI -Volkswagen on Thursday said it would halt work at its factory in Shanghai between April 1-5, reversing an earlier plan to maintain some of its production, as the city …

LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses …

SANTIAGO – Copper output in Chile, the world’s largest producer of the metal, fell 7% year on year to 399,817 tonnes in February, the country’s statistics agency said on Thursday. …

(Reuters) – British bank Barclays PLC on Thursday raised the minimum hourly wage for its U.S. employees to $20.50 from $17, months after a similar move by rival Bank of …

By Dhara Ranasinghe LONDON -Battered euro zone bonds recovered ground on Thursday, but were set to end March with one of their biggest selloffs in years as rising inflation and …

By Philip Blenkinsop BRUSSELS – Raising the drawbridge has been a response to war and pestilence throughout human history, and the tumultuous winter of 2022 has similarly led trading nations …

By Gram Slattery RIO DE JANEIRO – Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two …