Financial News

By Huw Jones LONDON – A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday, entering a crowded field as trillions of dollars …

(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp …

(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided to withdraw the ratings for …

FRANKFURT – Euro zone inflation is increasingly likely to stabilise around 2% but the European Central Bank should be ready to change course if the outlook deteriorates due to Russia’s …

ZURICH – Zurich Insurance on Thursday said it aimed to achieve net-zero greenhouse gas emissions in its own operations by 2030, bringing forward its target by 20 years. “Zurich Insurance …

By David Lawder WASHINGTON -The United States will vigorously defend its economic interests and values against the negative impacts of China’s economic policies as Beijing doubles down on its state-centered …

By William Schomberg and Andy Bruce LONDON -Britain’s economy grew more quickly than previously thought in late 2021 but the increase was largely due to COVID-related activity in the health …

ISTANBUL – The World Bank said on Wednesday it had approved a loan of $341.27 million as part of a project to support Turkey’s agricultural sector and encourage the use …

FRANKFURT – German drugmaker Bayer said it would invest around 2 billion euros ($2.23 billion) at pharmaceutical manufacturing sites over the next three years, mainly to bolster production of biotechnology …

A look at the day ahead in markets from Saikat Chatterjee. Whether you are a macro-guru or an astute stock picker, this is a quarter that most investors would like …

(Reuters) – Air France-KLM will renew the mandate of CEO Ben Smith for an additional five years, the Franco-Dutch airline group said in a statement on Thursday. The group added …

By Anirban Sen and Pamela Barbaglia (Reuters) – The value of global merger and acquisition (M&A) activity took a 29% hit in the first quarter of 2022 as market volatility …

By Rodrigo Campos NEW YORK – Latin America has served as a respite for whipsawed emerging market investors during the first quarter, as accelerating inflation and a more hawkish U.S. …

By Carolyn Cohn and Noor Zainab Hussain LONDON – Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get …

By Susanna Twidale and Nora Buli LONDON/OSLO -Europe’s plans to build stocks and ensure gas supplies for next winter could be upended if exports from Russia are halted in a …

HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after Chairman Yu Liang apologised to …

LONDON -Russia has managed to avoid defaulting on its international debt so far despite unprecedented Western sanctions. But the task is getting harder and Moscow’s threats to cut Europe’s gas …

(Reuters) – French healthcare group Sanofi said it had priced a first sustainability-linked bond issue that will be indexed on access to medicines, and worth 1.5 billion euros ($1.7 billion). …

By Anshuman Daga SINGAPORE -GoTo Group, Indonesia’s biggest tech firm, said it plans to raise $1.1 billion in an initial public offering (IPO), pricing the deal in the top half …

(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s …

BEIJING -Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s COVID-19 outbreak in 2020, adding to the urgency for …

By Saqib Iqbal Ahmed NEW YORK – Freshly emboldened retail investors have continued piling into risky assets, supporting a bounce that has buoyed everything from so-called meme stocks to cryptocurrencies …

By Noah Browning and Timothy Gardner LONDON/WASHINGTON – Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of …

By Kate Abnett and Susanna Twidale BRUSSELS/LONDON -Fears of a Russian gas supply crunch prompted some European countries on Wednesday to ask people to consume less energy in a move …

(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, …