Financial News

By Paul Lienert, Nick Carey and Norihiko Shirouzu DETROIT/BEIJING – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for …

By Saqib Iqbal Ahmed NEW YORK -The Federal Reserve’s hawkish tilt has shaken up the bond market, with Treasuries recording their worst start to the year in history. Yields on …

BRUSSELS – The United States will supply more liquid natural gas (LNG) to the European Union to help it reduce its reliance on gas supplies from Russia, President Joe Biden …

BRUSSELS – The commitment by the United States to deliver additional liquefied natural gas (LNG) to the EU is a big step towards making Europe less dependent on Russian gas, …

By William Schomberg LONDON -Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world’s fifth-biggest economy, …

BERLIN – Volkswagen will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in the supply of wire harnesses …

– Russia’s National Settlement Depository (NSD) on Friday said Clearstream, one of the world’s biggest settlement systems, had informed it that it was blocking its account and waiting for a …

– Rating agency Fitch on Friday revised its outlook on Japan’s long-term foreign-currency issuer default rating to stable from negative on Friday, citing confidence in the stabilisation of the country’s …

HARARE – Global mining giant Anglo American Plc on Friday announced the sale of its remaining shareholding in Thungela Resources, completing its exit from the South African coal business. Under …

By Foo Yun Chee BRUSSELS -Tough new rules targeting U.S. tech giants agreed late on Thursday are expected to come into force in October, EU antitrust chief Margrethe Vestager said …

OSLO – Telenor will receive payments for the sale of its Myanmar operations over the next five years, the Norwegian telecoms company said on Friday as it announced the completion …

By Aditi Shah NEW DELHI – Indian full-service airline Vistara is in talks with lessors about getting long-haul planes to cover a gap left by delays in Boeing 787 deliveries, …

By David Shepardson WASHINGTON – The U.S. Federal Aviation Administration (FAA) warned Boeing Co earlier this week the planemaker may not gain certification of a lengthened version of the 737 …

A look at the day ahead in markets from Tommy Wilkes. Even the arch-dove among central banks, the Bank of Japan appears to be getting comfortable with higher interest rates …

LVIV, Ukraine – Ukraine’s new agriculture minister said on Friday that Ukraine’s grain stocks for export amount to $7.5 billion but did not say what the volume of grains for …

TOKYO – Japan needs to closely watch downside economic risks from rapid commodity inflation caused by the war in Ukraine and its disruption to the global energy supplies, the government …

LONDON -Russia’s invasion of Ukraine on Feb. 24 sparked sweeping sanctions that ripped the country out of the global financial fabric and sent its economy reeling. A month on, Russia’s …

TOKYO – Japan is considering banning exports of luxury cars to Russia, perhaps as soon as next week, as it toughens sanctions against Russia following the invasion of Ukraine, the …

– Russian carmaker Avtovaz will impose a four-day working week for three months from June 6, it said in a statement on Friday. The short working week will be needed …

BERLIN – Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine …

By Leika Kihara TOKYO -Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency’s slide …

SINGAPORE – Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest S$1.5 billion ($1.1 billion) in Singapore over the next four years, the newest phase …

BEIJING -Organisers of the Beijing autoshow, which was scheduled to be held in late April, have postponed the event due to a recent flare up of COVID-19 cases in China, …

TOKYO – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday. In a statement, the fund …

– Wall Street analysts and investors who believe the U.S. Fed Reserve has acted too slowly to combat high inflation are now forecasting even more aggressive rate hikes as the …