Financial News

SAO PAULO – Brazil’s Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case brought up by drilling contractor …

By Anna Ringstrom STOCKHOLM -Sweden’s H&M said on Thursday it would need to raise prices this year as it reported a December-February profit sharply below expectations amid high raw material …

By David French (Reuters) – Ascent Resources LLC, one of the largest privately held U.S. natural gas producers, is preparing an initial public offering (IPO) it hopes will give it …

ZURICH – Swiss agrochemicals group Syngenta expects crops output in Ukraine to slump substantially this year, it said on Thursday, as it announced fourth-quarter results. “We hope to be able …

(Reuters) -The U.S. Securities and Exchange Commission has subpoenaed some members of Faraday Future Intelligent Electric Inc’s management team as part of a probe into inaccurate statements made to its …

(Reuters) – Russian internet giant Yandex is gradually winding down the Paris operations of its e-grocery service Yango Deli, a spokesperson said on Thursday, citing poor performance and hinting that …

By Tushar Goenka BENGALURU – Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found. …

(Reuters) – Russia will ban exports of sunflower seeds from Friday until the end of August and impose an export quota on sunflower oil to avoid shortages and ease pressure …

MADRID – Spain’s budget deficit narrowed to 6.76% of gross domestic product last year from over 10% in 2020, beating forecasts from international organisations and the government, which expects a …

FRANKFURT – Euro zone growth will remain positive this year but the first half will be especially weak with barely any positive growth, European Central Bank Vice President Luis de …

By Kirstin Ridley LONDON – Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London’s Court of Appeal next week, launched by …

By Marcelo Rochabrun NUEVO ANDOAS, Peru – Peru’s government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears …

LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in an internal report, seen by …

BRUSSELS – Ryanair expects its loss for the just-ending financial year at around the middle of its forecasted range and is well placed for next year depending on traffic recovery …

By Seher Dareen (Reuters) – A rally in oil is set to continue with prices staying well above $100 this year as a parched market struggles to wean itself off …

By Balazs Koranyi FRANKFURT -Inflation continued to surge across Europe’s biggest economies this month while growth took a hit, leaving households poorer as they picked up the bill for soaring …

(Reuters) -Russia’s finance ministry has paid 50.2 billion roubles ($616 million) in coupons on seven OFZ treasury bond issues, data on its website showed. The payments come as the finance …

SHANGHAI -Tesla has cancelled plans to resume production at its Shanghai factory on Friday and Saturday, an internal notice seen by Reuters showed, further delaying reopening of the manufacturing hub …

By Jason Xue and Xie Yu SHANGHAI/Hong Kong – China’s securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and …

By Leika Kihara and Junko Fujita TOKYO – Japan’s central bank on Thursday pledged to ramp up scheduled bond purchases in the second quarter, signalling it will continue to aggressively …

HONG KONG – Hong Kong’s retail sales fell in February after 12 straight months of growth as a wave or COVID-19 infections hit the city and anti-epidemic measures weakened consumer …

By Giulio Piovaccari TURIN -A Stellantis van plant in Russia will have to close shortly as it is running out of parts, the company’s chief executive Carlos Tavares said on …

BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the …

By Victoria Waldersee, Jan Schwartz and Nadine Schimroszik BERLIN – As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalising plans for …

By Foo Yun Chee BRUSSELS – Regulators are looking to update rules, which target companies abusing their market power and those setting up illegal cartels, to make them more efficient, …