Financial News

– Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow …

By Marcela Ayres BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Friday that ongoing monetary tightening will likely end with benchmark rates at 12.75% unless unpredicted market …

By Scott DiSavino – The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence …

By Elvira Pollina and Giuseppe Fonte MILAN – CVC Capital Partners and rival private equity investors are looking at a potential investment into the services arm of Telecom Italia (TIM) …

By Lindsay Dunsmuir -The U.S. central bank may need to raise interest rates more aggressively to tackle high inflation, New York Federal Reserve President John Williams said on Friday, becoming …

By Vera Eckert and Markus Wacket BERLIN – The Bundestag lower house on Friday approved legislation requiring Germany’s privately-operated gas storage facilities to be full at the start of the …

By Julia Payne LAUSANNE, Switzerland – Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic and Black Sea ports in March, when some …

By Jarrett Renshaw and Nina Chestney BRUSSELS/LONDON -The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to …

LONDON -The British pound steadied against the U.S. dollar and euro on Friday after consumer morale fell to its lowest level in 16 months and retail sales unexpectedly declined. The …

LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S. …

By Svea Herbst-Bayliss BOSTON -Hedge fund Starboard Value LP on Friday lost a fight to replace four directors at Huntsman Corp but shares of the U.S. specialty chemicals company tumbled …

By Tommy Wilkes LONDON – Distressed debt hedge fund Gramercy, which made a killing on Russian bonds after the 1998 crisis and has taken on Argentina and Venezuela over defaulted …

By Yuvraj Malik and Paresh Dave -Alphabet Inc’s Google on Wednesday said it would allow Spotify Technology SA to use its own payment system in its Android app as part …

– Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but 27 members of the European Union remain divided. …

FRANKFURT – Deutsche Bank has nominated Yngve Slyngstad, the former head of Norway’s sovereign wealth fund, to its supervisory board, Germany’s largest lender said on Friday. Slyngstad was chief executive …

MILAN – Rebel challengers to Generali’s current management pledged to increase earnings by a double-digit percentage and free more cash for takeovers, setting out their plans for Italy’s largest insurer …

By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the global fallout from the Russia-Ukraine …

– Georgia is likely to lose $1.0 billion to $1.2 billion in economic output owing to Russia’s military intervention in Ukraine and fall short of its 6% growth target, the …

WASHINGTON – The Russia-Ukraine crisis is driving up commodities prices and is likely to reduce prospects for global growth in the coming year, U.S. Treasury Secretary Janet Yellen warned on …

– U.S. equity funds witnessed big inflows in the week to March 23 as markets focused on a Federal Reserve rate hike and Russia’s avoidance of a bond default. U.S. …

– Global equity funds found a reprieve in the week ended March 23, as investors turned net buyers after selling them in the previous three weeks. Global equity funds obtained …

By David Shepardson WASHINGTON -General Motors Co said Friday it will idle for two weeks in April an assembly plant in Indiana that builds pickup trucks, over ongoing semiconductor chip …

By Gianluca Semeraro and Stefano Bernabei MILAN -Rebel challengers to Generali’s current management pledged to increase earnings by a double-digit percentage and free more cash for takeovers, setting out their …

By Marcela Ayres BRASILIA – Inflation in Brazil grew more than expected in the month to mid-March, the biggest jump for that period in seven years, data showed on Friday, …

By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is expected to be short-lived as …