Financial News

By Kirstin Ridley, Brenna Hughes Neghaiwi and Danielle Kaye LONDON/ZURICH/NEW YORK – Yevgeny Chichvarkin, a telecoms tycoon who fled Russia in 2008 and became a high-profile London restaurateur, has long …

By Brenna Hughes Neghaiwi ZURICH -Credit Suisse’s board will leave managers potentially liable for the collapse of its Greensill-linked funds when it asks shareholders to grant them a discharge for …

By Patturaja Murugaboopathy (Reuters) – Profits at the world’s biggest banks are expected to fall for the first time in seven quarters, dragged down mainly by a slowdown in mergers …

By Hyunjoo Jin SAN FRANCISCO -Alphabet Inc unit Waymo said on Wednesday it has started offering driverless rides to employees in San Francisco, accelerating a race with General Motors Co-backed …

WASHINGTON – Kansas City Fed president Esther George said she estimates a neutral rate of interest for the U.S. at about 2.5% “as a starting point” of what the Fed …

By Scott DiSavino NEW YORK -Oil prices gained about 3% on Wednesday as another U.S. crude stock drawdown indicated tight supplies and investors worried about new Western sanctions against Moscow …

By Jamie McGeever ORLANDO, Fla. – The first quarter was a scary ride for most investors but those who stuck to a conventional ’60-40′ portfolio of stocks and bonds escaped …

By Huw Jones LONDON -The Intercontinental Exchange is considering shifting the clearing of contracts that underpin global debt markets away from London, two industry sources said on Wednesday. A potential …

(Reuters) – Sabre Corp on Wednesday reported continued gains in leisure travel through March and the travel booking software provider said international and corporate bookings have accelerated since the start …

By Jira[censored] Kuhakan and Chayut Setboonsarng BANGKOK – Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices …

(Reuters) – Russia plans to keep the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the …

MILAN – Italian investors led by Milanese asset manager Banca Mediolanum bought into an Hong Kong initial public offering by luxury yacht maker Ferretti, which saw Chinese investors take the …

(Reuters) -Air Canada said on Wednesday it plans to increase capacity in 2022 and wants to lure more U.S. passengers traveling abroad, as travel demand rises due to an easing …

ZURICH – Prosecutors searched the offices of Swiss private bank Pictet in mid-March in connection with a criminal probe into dealings with Brasilian state-run oil firm Petrobras, the bank confirmed …

(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates …

(Reuters) – Annual inflation in Russia accelerated to 15.66% as of March 25, its highest since September 2015 and up from 14.53% a week earlier, the economy ministry said on …

By Marc Jones LONDON – Investors had hoped 2022 would be the year when the market recovery from COVID-19 finally got cemented and life started to feel a little more …

By Joseph Nasr and Vera Eckert BERLIN/FRANKFURT -Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over …

By Arunima Kumar (Reuters) -Trulieve Cannabis Corp reported a 24% rise in fourth-quarter adjusted core profit on Wednesday, helped by strong demand for pot and related products. Trulieve’s shares were …

By Giuseppe Fonte and Francesca Landini ROME – The Italian government wants to clinch a deal on the sale of state-owned carrier ITA Airways by mid-June, two sources close to …

(Corrects name of CFO to Peter Juhas in paragraph 4 and paragraph 9) By Conor Humphries and Tim Hepher DUBLIN -The world’s top aircraft lessor AerCap has submitted a $3.5 …

(Reuters) – Amazon.com Inc is launching a program to double cashback rewards on fuel purchases to up to 12% for Amazon Flex debit cardholders, to help Flex delivery partners amid …

By Pete Schroeder WASHINGTON – A second U.S. banking regulator has laid out how it thinks banks should guard themselves against risks emanating from climate change. On Wednesday, the U.S. …

(Reuters) – Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month and expects demand to increase, …