Financial News

By Arathy Somasekhar HOUSTON -Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution …

By Eric M. Johnson SEATTLE – Months after receiving a major infusion of capital, Sierra Nevada Corp’s space unit, Sierra Space, has tapped a veteran Boeing Co executive to helm …

By Julie Gordon and David Ljunggren OTTAWA -The Bank of Canada is prepared to act “forcefully” with rate hikes to return inflation to target, particularly as price pressures broaden amid …

MEXICO CITY – Mexican airline Aeromexico has reached an agreement to rent nine Boeing planes, Air Lease Corporation said on Friday, expanding the carrier’s fleet as it emerges from Chapter …

By Jorgelina do Rosario NEW YORK/LONDON – The International Monetary Fund’s executive board on Friday approved a $45 billion program for Argentina after more than a year of negotiations, two …

By Dawn Chmielewski -Spotify Technology SA said on Friday it will suspend its streaming service in Russia in response to the country’s new media law. The audio streaming platform closed …

– U.S. Federal Reserve Governor Christopher Waller said on Friday he is not convinced of the need for a central bank digital currency, particularly for retail customers who already have …

MILAN – The European Union will not loosen sustainability targets for the aviation industry despite the Ukraine conflict and a surge in fuel prices, the bloc’s top transport official said …

By Ross Kerber BOSTON – One of investor Carl Icahn’s director nominees at McDonald’s Corp said she would push the burger giant to tackle sustainability issues like lowering the environmental …

By Foo Yun Chee BRUSSELS -Apple is set to be hit with another fine next week for not fully complying with an order to open its App Store to rival …

By Susan Mathew -European shares ended a choppy session slightly higher on Friday but were down on the week as investors worried about the fallout from the Russia-Ukraine conflict, while …

By Valerie Volcovici WASHINGTON -The Biden administration on Friday announced it will hold a wind energy auction for two areas off the coast of North and South Carolina in May …

By Lucia Mutikani WASHINGTON -Contracts to buy U.S. previously owned homes dropped to the lowest level in nearly two years in February, weighed down by a persistent shortage of properties, …

– U.S. tech giant Apple has suspended its Apple Pay service for Russia’s Mir card payment system, Russia’s largest lender and payments system said on Friday, closing a loophole that …

By Brijesh Patel – Gold was on course to gain for the week as concerns over the war in Ukraine and rising prices boosted its appeal as a safe-haven and …

By Jamie Freed -As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are …

By Danielle Kaye and Doyinsola Oladipo NEW YORK – Amazon.com Inc workers at the company’s JFK8 Staten Island warehouse started casting ballots on Friday on whether to form a union …

By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON – HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told …

WASHINGTON – China is likely to offer some support to Russia’s economy amid Moscow’s invasion of Ukraine, but will engage in a “dance” to maintain economic ties with Europe and …

By Pete Schroeder WASHINGTON – A group of U.S. Senate Democrats is pressing large U.S. banks to scrap or significantly reduce overdraft and other fees they charge customers with insufficient …

-The rouble extended recovery gains on Friday, hitting its strongest since early March against the dollar, while stocks fell in their second day of trading after a near month-long suspension, …

By Foo Yun Chee BRUSSELS – Landmark EU rules targeting Google, Amazon, Apple, Meta and Microsoft are likely to set a global benchmark and may even force changes in the …

ZURICH – Neutral Switzerland had adopted more European Union sanctions against Russia for invading Ukraine, the cabinet said on Friday, keeping the country in line with EU measures it has …

By Nelson Bocanegra BOGOTA – Colombia’s central bank will raise its benchmark interest rate by the highest uptick in more than two decades when it meets next week, analysts said …

By Jonathan Saul LONDON – Finland’s Wartsila, a leading ship engine maker, has suspended business with Russia including equipment training while German counterpart MAN Energy Solutions is reviewing contracts, adding …