Financial News

(Reuters) – BHP Group Ltd said on Tuesday it will invest more than $10 billion in Chile to fuel growth in the world’s largest copper producing nation for the next …

By Nina Chestney FRANKFURT/LONDON -Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions …

FRANKFURT/MADRID – Spanish supervisor CNMV has fined Deutsche Bank 3 million euros ($3.3 million) after finding the German lender had applied significantly higher spreads on clients’ repurchases of structured bonds …

By David Shepardson WASHINGTON -The U.S. Transportation Department said Tuesday https://www.regulations.gov/document/DOT-OST-2020-0052-0078 it had approved the bid of China Eastern Airlines Corp to temporarily move New York-to-Shanghai flights over COVID-19 measures …

(Reuters) – Barclays PLC appointed Graham Warner from Deutsche Bank as Americas head of its international corporate banking (ICB) unit, according to a statement by the British multinational bank on …

(Reuters) – Food distributor US Foods Holding Corp, under pressure from activist investor Sachem Head Capital Management to overhaul its board, has appointed two new independent directors ahead of an …

(Reuters) – U.S. consumer confidence edged higher in March from a year-low reading a month earlier, with Americans’ assessment of current economic conditions improving on the back of a healthy …

(Reuters) -The Russian rouble soared over 7% to 83 to the dollar in Moscow on Tuesday before paring some gains, hitting a more than one-month high near levels last seen …

(Reuters) -Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response …

HANOI -Vietnamese police on Tuesday arrested the chairman of one of the country’s largest private groups on suspicion of manipulating the stock market, the Ministry of Public Security said. Trinh …

By Jonathan Stempel NEW YORK – Elon Musk on Tuesday likened himself to the rapper Eminem in seeking to throw out his 2018 agreement with the top U.S. securities regulator …

By Dominique Vidalon PARIS -Decathlon, the sportswear arm of a French retail empire facing criticism for staying in Russia since its invasion of Ukraine, said on Tuesday it was now …

JAKARTA – Pulp and paper maker Asia Pacific Resources International Ltd (APRIL Group) on Tuesday began construction on a 33.4 trillion rupiah ($2.33 billion) paperboard production facility on Indonesia’s Sumatra …

BRASILIA -Brazil created a net 328,507 formal jobs in February, Labor Ministry figures showed on Tuesday, well above market expectations, amid positive data in all sectors and a substantial contribution …

By Leigh Thomas and Zuzanna Szymanska PARIS -France and Germany saw bigger than expected drops in consumer confidence this month as rising inflation and concern about the impact of Russia’s …

PARIS – French provider of edible insects for animal and human feed Ynsect said on Tuesday it had purchased U.S. mealworm producer Jord Producers, expanding its footprint in the booming …

FRANKFURT – The European Central Bank should raise its key interest rate to zero by year-end or it will risk having to raise it even more abruptly next year to …

SHANGHAI – Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint venture, citing COVID issues, sources …

By Nelson Bocanegra BOGOTA – Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s economic stability at risk, investors …

SHANGHAI – More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they bid to keep China’s giant financial hub ticking …

(Reuters) -UnitedHealth Group said on Tuesday it would buy LHC Group for about $5.4 billion in cash, as the largest U.S. health insurer expands its home health services. The deal …

By Tetsushi Kajimoto and Daniel Leussink TOKYO -Japan will ban the shipment to Russia of precious metals, especially gold, in response to its invasion of Ukraine, the Ministry of Finance …

PRAGUE – The Czech National Bank is set to raise its main rate by 50 basis points to 5.00% on March 31, a Reuters poll showed on Tuesday, which would …

SHANGHAI/BEIJING – China’s securities watchdog denied market rumours on Tuesday that Chinese regulators had launched probes on companies in Xiaomi Corp’s industrial chain or restricted such firms’ listing plans. The …

By Yousef Saba DUBAI – Dubai’s Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline’s president indicated on Tuesday. “We …