Financial News

(Reuters) – Rating agency Fitch said on Tuesday it has withdrawn its ratings of 27 Russian banks, four of their affiliates and related financing special purpose vehicles. The withdrawals are …

BRUSSELS – The European Commission approved on Tuesday Sweden’s post-pandemic recovery plan that will allow the country to get 3.3 billion euros in grants from the European Union until 2026 …

SHANGHAI -China’s Shanghai on Tuesday said it would roll out policies to help the local economy cope with a surge in COVID-19 cases in the city, including offering refunds that …

A look at the day ahead in markets from Sujata Rao It’s not just the costs of producing goods that’s going up, the price that must be paid to transport …

PARIS – French consumer confidence fell in March to its lowest point in a little more than a year as inflation fears surged to their highest level ever, a monthly …

By Leika Kihara TOKYO -The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on …

By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warning against sharp yen falls, with the country’s top currency diplomat saying Tokyo and Washington agreed to “communicate …

SHANGHAI – Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattles …

BERLIN – German consumer morale looks set to slump heading into April as the war in Ukraine pushed households’ economic and income expectations to new record lows since the 2009 …

FRANKFURT – Germany’s H2 Mobility fuelling station network said on Tuesday it will get an extra 110 million euros ($121 million) over the next five years to roll out more …

By Valentina Za MILAN -Leading investor advisory firms have again raised concerns over the salary of UniCredit CEO Andrea Orcel, with one recommending for a second straight year shareholders vote …

ZURICH – Roche is “losing money in Russia”, Chief Executive Severin Schwan said in an interview published on Tuesday, but remains committed to providing medication to patients there. “We can’t …

BEIJING – China’s manufacturing hub of Shenzhen is starting to get back on its feet after being hit by shutdowns in a recent COVID-19 outbreak, but many smaller firms worry …

By Medha Singh and Lisa Pauline Mattackal (Reuters) – As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed …

PARIS -French healthcare group Sanofi, which lagged rivals in the race for COVID-19 vaccines, raised on Tuesday its peak sales target for eczema-treatment product Dupixent to more than 13 billion …

By Karen Brettell (Reuters) – U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for …

By Noel Randewich (Reuters) -Tesla’s announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent …

TOKYO – Japanese households’ weak pent-up demand and companies’ cautious price-setting behaviour are likely among factors keeping inflation low, Bank of Japan Deputy Governor Masayoshi Amamiya said on Tuesday. “Overall …

By Chuck Mikolajczak NEW YORK – The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank …

TAIPEI – The United States has not seen any indications of non-compliance in Asia with export controls on Russia due to its invasion of Ukraine, and companies are even self-sanctioning, …

By Krystal Hu (Reuters) – Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a controlling stake in enterprise security …

By Kentaro Sugiyama and Daniel Leussink TOKYO -Japanese Prime Minister Fumio Kishida on Tuesday ordered his cabinet to put together a fresh relief package by the end of April to …

WASHINGTON -The U.S. Federal Trade Commission asked a court on Monday to issue an order stopping Intuit, the owner of TurboTax tax preparation software, from deceptively advertising free tax filing …

By Wayne Cole SYDNEY – Australian retail sales beat forecasts again in February as shoppers defied storms and coronavirus waves to return to cafes and department stores for the second-best …

By Koh Gui Qing NEW YORK -World stock markets cast aside fears of rising interest rates on Monday with the tech-heavy U.S. Nasdaq index rallying 1.3%, even as parts of …