Financial News

By Lucia Mutikani WASHINGTON – U.S. consumer confidence rebounded from a one-year low in March amid growing labor market optimism, but rising interest rates as the Federal Reserve battles raging …

MILANO – Two investors in Generali said on Tuesday they had dissolved a pact they had struck last year to challenge the Italian insurer’s top shareholder Mediobanca over the renewal …

By Jorge Otaola BUENOS AIRES -Argentina’s central bank is likely to hike the benchmark interest rate between 150 and 350 basis points in April, analysts and traders said, after the …

By Kirstin Ridley LONDON – The head of the UK Serious Fraud Office (SFO) was on Tuesday accused of “very, very basic errors in litigation” and hiding behind a review …

(Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Tuesday he favors a “methodical” series of quarter-percentage-point interest rate increases, but is open to larger half-percentage-point hikes if inflation does …

By Elizabeth Dilts Marshall NEW YORK -Analysts and investors of major Wall Street banks are eagerly anticipating any insight from executives on the outlook for consumer spending and borrowing, a …

MADRID – Spanish banks must carefully monitor risks and a potential rise in bad loans on state-backed lending granted in the pandemic as repayment freezes are lifted and indirect impacts …

AMSTERDAM – Facebook owner Meta said on Tuesday it was suspending plans to build a giant data centre in the Netherlands, following political opposition. The move comes a week after …

ATHENS – Greek Prime Minister Kyriakos Mitsotakis said on Tuesday that regaining investment grade status in 2023 is “a feasible target” for the country despite current economic challenges. Speaking at …

(Reuters) – Russia’s transport ministry has drawn up a law that would oblige taxi companies to share data with the Federal Security Service (FSB), a document seen by Reuters showed …

(Reuters) – Global oil supply disruptions are approaching 5-6 million barrels per day (bpd), according to Reuters’ calculations, as sanctions, conflicts and infrastructure failures hit supply just as demand is …

(Reuters) – Russian tech developers are building an alternative to Alphabet Inc’s Google Play store and plan to launch it on May 9, a national holiday in Russia that celebrates …

(Reuters) – Nielsen Holdings on Tuesday agreed to go private for $10.06 billion in a sweetened deal with private equity firms led by Elliott Management and Brookfield Asset Management, days …

By John Revill ZURICH – Switzerland has become more vulnerable to a shock from its inflated property sector, Swiss National Bank Vice Chairman Fritz Zurbruegg said on Tuesday, adding it …

SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that …

By Steve Gorman (Reuters) -The fourth commercial flight of Jeff Bezos’ space tourism venture Blue Origin, offering short suborbital joyrides to well-heeled thrill-seekers and celebrity guests, has been delayed by …

By Susan Mathew and Anisha Sircar (Reuters) -European shares rallied on Tuesday, taking cues from strength in Asian markets and on Wall Street, as peace talks between Russia and Ukraine …

LONDON – Ukraine’s government bond prices climbed further on Tuesday, hitting their highest since the start of Russia’s invasion a month ago, as the two countries held their first face-to-face …

By David Shepardson WASHINGTON – President Joe Biden’s administration on Friday plans to unveil tougher fuel economy standards for vehicles that would reverse his predecessor Donald Trump’s rollback of U.S. …

By Gram Slattery and Gabriel Araujo RIO DE JANEIRO – Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at state-run oil company Petrobras over …

By Pete Schroeder WASHINGTON – Four women will take seats on the Commodity Futures Trading Commission, returning the derivatives regulator to full strength, after a unanimous U.S. Senate vote hailed …

(Reuters) – NextEra Energy Inc, the world’s biggest renewable energy company, said on Tuesday it was disappointed with the U.S. Commerce Department’s decision to open an investigation into solar panel …

By Fergal Smith TORONTO – As Canada’s inflation outlook worsens, investors are betting the country’s central bank will begin hiking its key interest rate in half-percentage-point increments, with the first …

By Brenna Hughes Neghaiwi ZURICH – A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” …

By David Shepardson WASHINGTON – The National Highway Traffic Safety Administration (NHTSA) on Tuesday said it will review whether startup technology firm Pony.ai complied with government reporting requirements for driverless …