Financial News

By Ceyda Caglayan, Saeed Azhar and Riham Alkousaa ISTANBUL/DUBAI – Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in …

MILAN -Italy’s largest insurer Generali said on Monday it had fired veteran executive Luciano Cirina, who is publicly challenging incumbent Philippe Donnet for the role of chief executive, for alleged …

By Toby Sterling and Jacob Gronholt-Pedersen AMSTERDAM/COPENHAGEN -Brewing giants Carlsberg and Heineken said on Monday they would quit Russia, joining an exodus of Western companies as pressure grows on Moscow …

By Jan Strupczewski BRUSSELS – The European Union should, like national governments, have a proper budget it could use to stabilise the bloc’s economy if needed, a European Commission survey …

COPENHAGEN -Carlsberg will exit the Russian market and take a “substantial” non-cash impairment charge, the Danish brewer said on Monday, the latest Western company to exit amid mounting pressure on …

By Belén Carreño and Inti Landauro MADRID – Spain announced 16 billion euros ($17.5 billion) in direct aid and soft loans on Monday to help companies and households weather sky-high …

By Lawrence Hurley WASHINGTON – The U.S. Supreme Court on Monday declined to hear a challenge by steel companies to former President Donald Trump’s 2018 decision to double tariffs on …

By Simon Jessop and Kate Abnett LONDON – European Commission advisers on Monday proposed an expansion of the bloc’s sustainable finance rules to better grade activities such as gas-fired power …

By Andy Bruce and William Schomberg LONDON -Bank of England Governor Andrew Bailey said swings in commodity markets after Russia’s invasion of Ukraine posed a risk to financial stability and …

By Brenda Goh and Norihiko Shirouzu SHANGHAI – General Motors and Volkswagen Group China on Monday said that their Shanghai operations have not been affected by the city’s lockdown to …

By Uditha Jayasinghe COLOMBO – Sri Lanka has sought an additional credit line of $1.5 billion from India to import essentials, the island nation’s central bank governor said on Monday, …

(Reuters) – Insurer American International Group Inc said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of …

(Reuters) -Walmart Inc will stop sales of tobacco products in some of its more than 5,000 stores across the United States, the world’s largest retailer said on Monday. The company …

LONDON – Fidelity International will temporarily close its Emerging Europe, Middle East and Africa Fund to new investors after Russia’s invasion of Ukraine caused Russian asset prices to plunge, it …

By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s economy could grow 3.0%-3.5% this year, less than an earlier forecast due to soaring oil prices driven by the Russia-Ukraine war, …

By Foo Yun Chee BRUSSELS – Companies affected by sanctions imposed on Russia and soaring energy costs are unlikely to get trillions of euros in state aid that businesses hit …

JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps …

ZURICH – Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in an internal document seen by …

(Reuters) -HP Inc said on Monday it would buy audio and video devices maker Poly for $1.7 billion in cash as it looks to capitalise on the hybrid work led …

BEIJING/SHANGHAI – CITIC Securities Co, China’s biggest brokerage, reported on Monday a 55.01% rise in profit in 2021, led by strong gains in securities investments. Net profit for the 12 …

BERLIN – Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that “unfriendly” countries pay for Russian gas with roubles, Germany’s Robert Habeck said …

By Elvira Pollina MILAN -Telecom Italia (TIM) shares rose on Monday as Italy’s biggest telecoms company confirmed CVC’s interest in taking a stake in its enterprise service arm, while it …

By Valentine Hilaire MEXICO CITY – A sprawling fruit and vegetable market in Mexico’s capital wants to spark a greener future as the world’s biggest urban solar farm, with thousands …

By Steven Scheer TEL AVIV – Israel’s Brain.Space, a four-year-old startup that studies data on brain activity, is set to put its gear to test on astronauts in space next …

By Foo Yun Chee BRUSSELS – A deal between EU countries and EU lawmakers that would require tech giants to do more to police content on their platforms could be …