Financial News

By Chris Thomas and Nupur Anand MUMBAI -Indian private lender Axis Bank has decided to bulk up its credit card and retail businesses with a $1.6-billion purchase of Citigroup Inc’s …

By Guy Faulconbridge LONDON – The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make …

By Silke Koltrowitz and Mimosa Spencer GENEVA -Cartier and other labels of the Richemont group have stepped down from the Responsible Jewellery Council (RJC) after the industry body failed to …

BRASILIA – Brazil’s federal public debt increased 2.03% in February from the month before to 5.73 trillion reais ($1.21 trillion), the Treasury said on Wednesday, while issuance costs kept rising …

ZURICH – Swiss Re shareholders have been urged to vote against the re-election of Chairman Sergio Ermotti at the reinsurance company’s upcoming annual general meeting, The Financial Times reported on …

MEXICO CITY – Headline and core inflation rates in Mexico are still very high, and bringing them down will be a lengthy process, Mexican central bank board member Gerardo Esquivel …

By Jonathan Stempel and Dietrich Knauth (Reuters) -Florida has reached more than $878 million in settlements with CVS Health Corp and three drug companies to resolve claims and avert a …

By Foo Yun Chee BRUSSELS -Air France-KLM and its Dutch subsidiary KLM on Wednesday lost their challenge against million-euro fines re-imposed by EU antitrust regulators five years ago for taking …

BEIJING – China’s three biggest airlines on Wednesday reported wider losses in the final quarter of 2021, marking the second year in the red due to COVID-19 as hopes for …

ATHENS – Higher energy prices will have a negative impact on Greece’s economic growth this year, the country’s Finance Minister said on Wednesday, adding that he plans to submit a …

By Ahmad Ghaddar, Maha El Dahan and Alex Lawler LONDON/DUBAI -OPEC+ sources said on Wednesday the producer alliance which includes Russia is likely to stick to its existing deal to …

(Reuters) – Russia has authorised retailers to import products from abroad without the trademark owner’s permission, Prime Minister Mikhail Mishustin said on Wednesday, after global brands halted sales or stopped …

(Reuters) – The war in Ukraine has added to inflationary pressure in the U.S. but so far does not appear to have influenced demand for goods and services, Richmond Fed …

MADRID – Spain temporarily authorised stores on Wednesday to limit the sale of some products to prevent sell-outs when markets are under stress, days after some supermarkets ran out of …

By Lucia Mutikani WASHINGTON -U.S. private employers maintained a brisk pace of hiring in March, in a boost to the labor market recovery, but growth in corporate profits slowed significantly …

(Reuters) – Nokian Tyres has cut its dividend proposal for 2021, the Finnish tyre maker said on Wednesday, citing uncertainty caused by the Russia-Ukraine conflict. The company, which produces about …

(Reuters) – Tesla Inc has signed an undisclosed deal with Brazilian mining company Vale S.A. for the supply of nickel to the electric car maker, Bloomberg News reported on Wednesday, …

(Reuters) -Intel Corp Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the U.S. chipmaker in just 11 months since he joined in February …

JOHANNESBURG – High shipping costs have posed a “challenge” for Democratic Republic of Congo-focused copper producer Ivanhoe Mines, but an alternative route to port via Angola should ease the squeeze, …

(Reuters) – Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to …

By Yadarisa Shabong (Reuters) -Russian gold miners Polymetal and Petropavlovsk warned on Wednesday of increasing hurdles in doing business, including higher operating costs and continued challenges repaying loans to sanctioned …

SANTIAGO – Chile’s central bank revised its forecast for 2022 economic growth on Wednesday, dropping it to a range of 1.0% to 2.0% from an estimate of 1.5% to 2.5% …

By Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Wednesday issued new guidance to broker dealers and investment advisors on how to satisfy their obligations to …

WASHINGTON – The U.S. economy grew robustly in the fourth quarter, the government confirmed on Wednesday, but momentum has slowed significantly amid a surge in COVID-19 infections at the start …

By Diane Bartz and Paresh Dave WASHINGTON – The U.S. Justice Department has breathed new life into an investigation of Google Maps to determine if bundling the service together with …