Financial News

By Svea Herbst-Bayliss BOSTON -Billionaire investor Richard (Ric) Kayne is seeking two board seats at Athira Pharma, arguing the biotech company needs a new chief executive officer to successfully guide …

PARIS -France should not have any problems with energy supplies, the head of the country’s CRE regulatory body said on Wednesday, adding that requests for users to be careful were …

By Ron Bousso, Shadia Nasralla and Chen Aizhu LONDON -China’s biggest offshore producer CNOOC Ltd is preparing to exit one of the North Sea’s largest field in a strategic shift …

By Dhara Ranasinghe LONDON -Germany’s two-year bond yield hit its highest since 2014 on Wednesday, rising hard and fast into positive yield territory, as a fresh surge in German and …

BEIJING – China will roll out policies to stabilise the economy as soon as possible as the downward pressure in the economy increased, state media CCTV quoted a cabinet meeting …

By Zuzanna Szymanska and Miranda Murray BERLIN -German annual inflation rose to its highest level in more than 40 years in March as prices of natural gas and oil products …

(Reuters) – U.S. delivery firm FedEx Corp’s subsidiary, FedEx Express, will begin testing Elroy Air’s Chaparral autonomous air cargo system next year, the companies said on Wednesday. Legacy aviation and …

FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns …

BERLIN – German commercial vehicle maker Traton’s MAN unit will shorten the hours of as many as 11,000 workers in Germany as the war in Ukraine causes what it said …

BERLIN – German annual inflation rose more than expected in March as prices of natural gas and mineral oil products soared after Russia’s invasion of Ukraine, preliminary data showed on …

By Balazs Koranyi FRANKFURT -Europe’s economy is increasingly strained by Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on …

(Reuters) -Canada’s Dollarama Inc said on Wednesday it would roll out additional price points up to C$5 this year, as the discount retailer, which typically sells everything from kitchen essentials …

(Reuters) -Russian Finance Minister Anton Siluanov said on Wednesday that a proposed sovereign Eurobond buyback would stop discrimination against Russian bondholders, who he said were not able to access funds …

BERLIN -The German government’s council of economic advisers more than halved its growth forecast for Europe’s largest economy on Wednesday and flagged a “substantial” recession risk as a result of …

By Katanga Johnson WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Monday proposed expanding the definition of broker-dealers and mandating that Principal Trading Firms (PTFs) must register with the …

By Anna Ringstrom STOCKHOLM – Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the …

(Reuters) -The rouble firmed on Wednesday, extending a recovery and heading towards levels seen before Russia launched what it calls “a special operation” in Ukraine. Stocks inched higher on the …

LONDON – Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital …

FRANKFURT – Germany on Wednesday triggered the first of three stages of its emergency gas plan, effectively warning of potential disruptions of energy imports from Russia, its biggest supplier. Here …

MILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top …

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 …

(Reuters) – The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned for the Federal …

By Jamie Freed (Reuters) -A Boeing 747-8 freighter leased to Russia’s AirBridgeCargo has flown to California from Hong Kong, according to FlightRadar24, after a U.S. judge signed an order allowing …

NICOSIA – Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by …

By Andy Bruce and William Schomberg LONDON -Bank of England Deputy Governor Ben Broadbent said on Wednesday that policymakers should be clear about how they plan to react to changes …