Financial News

By Patturaja Murugaboopathy and Gaurav Dogra – Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine …

By Svea Herbst-Bayliss BOSTON – Bed Bath & Beyond and billionaire investor Ryan Cohen said on Friday that the two sides had reached a settlement where three new directors will …

By Francesco Guarascio BRUSSELS – In the early stages of sanctions drafting against Moscow, one idea gained traction in Brussels – a ban on the import of Russian coal – …

-Bed Bath & Beyond said on Friday it appointed three new directors to its board as part of its settlement with GameStop’s Ryan Cohen, weeks after the billionaire investor pushed …

By Eric Onstad LONDON – Surging European steel prices are set to extend their gains as Russia’s invasion of Ukraine has disrupted logistics, spurred sanctions and sent energy prices soaring. …

SINGAPORE – Chinese state energy giants have in recent weeks set up task forces to evaluate their multi-billion investments in Russia, a top oil and gas supplier to Beijing, as …

By David Shepardson WASHINGTON -Tesla Inc is recalling 947 vehicles in the United States because the rearview image may not immediately display when they begin to reverse, the National Highway …

By Pushkala Aripaka -London-listed Petropavlovsk will miss a loan payment due on Friday after Britain froze the assets of its main lender Gazprombank in its latest set of sanctions following …

By Gergely Szakacs BUDAPEST – A $5.35 billion spending spree by Hungary’s Prime Minister Viktor Orban ahead of an election next week has left a budget hole that may spell …

SYDNEY – Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its …

JOHANNESBURG – The World Bank has issued the world’s first wildlife conservation bond, raising $150 million to help efforts to increase the endangered black rhino population in South Africa, the …

-Restrictions Russia’s central bank imposed in the past month on capital flows out of the country were a tit-for-tat move in response to part of its reserves being frozen by …

FRANKFURT – European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to housing and derivatives, the European …

By Mike Dolan LONDON – The hit to Europe from an economic war with Russia over its invasion of Ukraine pales against the blow to Moscow – but another recession …

SHANGHAI -China said on Friday it will maintain yuan flexibility and foreign exchange market stability, vowing to actively prevent and defuse risks from external shocks. The trend of foreigners investing …

By Jarrett Renshaw, Vera Eckert and Joseph Nasr BRUSSELS/BERLIN -The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to the European Union …

By Abhijith Ganapavaram and Chandini Monnappa HYDERABAD, India – India’s civil aviation minister urged Indian airlines on Friday to add more long-haul aircraft to their fleets and to increase flights …

By Joshua Schneyer – Nearly a year after COVID vaccines became freely available in the U.S., one fourth of American adults remain unvaccinated, and a picture of the economic cost …

BERLIN -Germany has made significant progress towards reducing its exposure to imports of Russian gas, oil and coal since Russia invaded Ukraine, Economy Minister Robert Habeck said on Friday. Germany …

By Zoey Zhang and Engen Tham SHANGHAI – The president of China’s Bank of Communications Co Ltd (BoCom), on Friday warned it will be difficult for the lender to deliver …

– The International Air Transport Association’s (IATA) annual gathering of airline chief executives in June will be held in Doha, Qatar, rather than in Shanghai, it said on Friday, citing …

By Bianca Flowers – Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm …

By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto Area over the past few …

By Ann Saphir OAKLAND, Calif. – Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and …

– Spanish industrial production prices rose at a record annual rate for the fifth straight month in February, pushed up by soaring energy costs, data from the National Statistics Institute …