Financial News

By Aftab Ahmed and Krishna N. Das NEW DELHI – Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, finding time to visit to …

By Maha El Dahan, Riham Alkousaa and Yousef Saba DUBAI – The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the …

By Selena Li HONG KONG – A supervisory body of Hong Kong’s central bank has decided to replace a unit of State Street Corp as manager of the territory’s largest …

By Giuseppe Fonte and Gavin Jones ROME – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close to the matter told Reuters, …

By Nina Chestney (Reuters) – European gas prices have risen further amid concerns about supply as Russia and the West remain at odds over Moscow’s demand for gas payments to …

(Corrects headline to clarify LME board will evaluate what lessons can be learned, not that it will learn lessons, from the trading halt. Adds additional CEO quote) By Alun John …

By Iain Withers and Lucy Raitano LONDON -Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion …

BEIJING – A unit of privately-owned Chinese firm Liaoning Fangda Group has offered to buy an 80% stake in state-backed Anyang Iron & Steel Group, the listed arm of Anyang …

TOKYO – Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), Japan’s biggest smelter of the …

By Jan Strupczewski BRUSSELS – The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU …

(Adds dropped word, paragraph 5) By Tim Hepher PARIS – Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s …

By Fabian Cambero SANTIAGO – The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO …

BERLIN -Top Volkswagen shareholder Porsche SE supports plans to list luxury sportscar maker Porsche AG but the conflict in Ukraine could affect the timing of the proposed IPO, the holding …

By Sinchita Mitra (Reuters) – The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won’t rule out future price hikes given Britain’s …

TOKYO -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long …

ZURICH – Holcim is exiting the Russian market, the world’s biggest cement-maker said on Tuesday, the latest western company to quit the country following Moscow’s invasion of Ukraine. “The Holcim …

MADRID – Steel giant ArcelorMittal said on Tuesday it had idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap …

BERLIN – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if …

By Wayne Cole SYDNEY – Australia’s government is aiming to use billions in budget goodies to offset cost of living pressures for disgruntled voters ahead of an election in May, …

(Reuters) -The Russian finance ministry said on Tuesday it has fully paid a coupon on the country’s Eurobond due in 2035, its third payout since unprecedented Western sanctions called Moscow’s …

By Tom Wilson and Elizabeth Howcroft LONDON – Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping …

By Kantaro Komiya TOKYO -Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade …

By Tetsushi Kajimoto TOKYO -Japan and the United States agreed to communicate closely on currency issues, Japan’s top currency diplomat said on Tuesday in his strongest statement yet since the …

By Helen Reid JOHANNESBURG – Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore …

By Aditi Shah NEW DELHI – Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw …