Financial News

FRANKFURT – Bayer shareholder Union Investment on Monday came out in support of the drugmaker’s chief executive serving out his full term after the CEO came under renewed pressure over …

WASHINGTON -U.S. lawmakers are probing Credit Suisse Group AG’s compliance with sanctions related to Russia’s invasion of Ukraine and have asked the Swiss bank to provide all relevant documentation. Credit …

By Supantha Mukherjee and Helena Soderpalm STOCKHOLM – Major Ericsson shareholders will vote against a motion to clear some board members of responsibility over possible payment of bribes to militant …

By Pete Schroeder WASHINGTON – The White House on Monday proposed imposing a minimum tax on the nation’s richest people to challenge the “indefensibly low tax rates” the wealthy can …

By Alexander Hübner and Elvira Pollina BERLIN/MILAN -ProSiebenSat.1 said on Monday that MediaForEurope (MFE) had rejected the offer of a seat on the supervisory board of the German broadcaster, suggesting …

(Reuters) – U.S. trade officials will investigate whether imports of solar energy equipment from four Southeast Asian nations are circumventing tariffs on goods made in China, the Commerce Department said …

By Nivedita Balu and Akash Sriram (Reuters) – Tesla Inc will seek investor approval to increase its number of shares to enable a stock split in the form of a …

(Reuters) – BlackRock said on Monday in a market strategy research note that it now favors U.S. and Japanese equities over European stocks due to energy shock related to Russia’s …

BRUSSELS – The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member’s green subsidy scheme. The European Commission, which oversees …

By Alex Lawler, Ahmad Ghaddar and Rowena Edwards LONDON -OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the group …

(Reuters) -General Motors Co said on Monday Steve Hill, the head of the automaker’s No. 1 selling Chevrolet brand, will lead a new Commercial Growth Strategies organization that includes fleet …

LONDON – The European Bank for Reconstruction and Development (EBRD) said on Monday it was in the process of closing its offices in Moscow and the Belarusian capital Minsk. “The …

(Corrects to show that Novatek did not respond to requests for comment, not that it declined to comment) By Chen Aizhu, Julie Zhu and Muyu Xu (Reuters) – China’s state-run …

LONDON -British finance minister Rishi Sunak on Monday defended the tax cuts he announced last week, after they were widely criticised for not helping the poorest households through the most …

Frankfurt – The parties involved in a wage dispute for security staff at several airports across Germany have reached a deal following strikes that led to the cancellation of hundreds …

By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is …

(Reuters) – JetBlue Airways Corp said on Monday it would add 5,000 jobs in all sections of its operations in New York this year, as U.S. carriers ramp up their …

JOHANNESBURG -The International Monetary Fund and Mozambique have reached a staff-level agreement on a $470 million facility, the Fund said on Monday, in what would be the African nation’s first …

(Reuters) -The rouble firmed past 90 against the dollar in Moscow trade on Monday, a near one-month high, while Russian stocks extended their slide lower on the third session of …

FRANKFURT – Daimler Truck, the world’s largest truckmaker, on Monday said it was curbing production at some of its German factories due to a shortage of critical semiconductors. The company, …

AMSTERDAM -The Dutch consumer watchdog on Monday levied a 10th weekly fine against Apple for failure to comply with an order to make it possible for dating app providers in …

By Lucia Mutikani WASHINGTON – The U.S. trade deficit in goods narrowed in February, but the fall reversed only a fraction of the surge to a record high in January, …

By Sheila Dang (Reuters) – The U.S. advertising market will grow in 2022 but only by half as much as it did in 2021, according to an industry forecast released …

By Makiko Yamazaki TOKYO – The crisis at Toshiba Corp may have a silver lining for new boss Taro Shimada, allowing him to keep – at least for now – …

(Reuters) – Russian gold and silver producer Polymetal is analysing the possibility of breaking off its Kazakh mines at the request of a group of investors, it said on Monday, …