Financial News

By Vera Eckert, Christoph Steitz and Nina Chestney FRANKFURT/LONDON – German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia …

By Lawrence Delevingne -U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched Western leaders present a unified front against Russia’s invasion of …

By Tom Hals – Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company’s Monsanto business, …

NEW YORK – Citigroup Inc said on Thursday in a memo that Carey Lathrop, global co-head of markets, will leave the bank and Andy Morton, who has been sharing the …

By Laura Sanicola and Julia Payne -The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee …

By Pamela Barbaglia LONDON – Buyout firm Pamplona Capital Management said on Thursday it would liquidate every fund where Mikhail Fridman’s investment group LetterOne had any interest as it seeks …

BRUSSELS – Alphabet Chief Executive Officer Sundar Pichai will meet Europe’s antitrust chief on March 30 to discuss competition and digital issues, a European Commission official said on Thursday. Alphabet …

By Arathy Somasekhar HOUSTON – U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over …

By Anirban Sen, Krystal Hu and Sam Nussey – SoftBank Group Corp is planning to pick Goldman Sachs Group Inc as the lead underwriter on the initial public offering of …

By Gilles Guillaume and Nick Carey PARIS -Renault’s Chief Executive Luca de Meo warned on Thursday that the automaker’s retreat from Russia creates a “very complex situation” for the company, …

By Chuck Mikolajczak NEW YORK – The dollar rose for the fourth time in the past five sessions, as economic data on the labor market helped firm expectations the U.S. …

By Brijesh Patel – Gold rose to a more than one-week high on Thursday as concerns over soaring prices and uncertainty surrounding the war in Ukraine lifted bullion’s appeal as …

By Scott DiSavino NEW YORK -Crude prices slid 2% on Thursday after the European Union (EU) could not agree on a plan to boycott Russian oil and on reports that …

FRANKFURT – German business software giant SAP on Thursday said it would shut down its cloud operations in Russia, withdrawing further from the country after stopping sales in Russia earlier …

By Ross Kerber BOSTON -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in …

By Kate Abnett BRUSSELS – Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for its oil and gas could …

– Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price pressures and a more hawkish …

By Elvira Pollina MILAN -KKR remains interested in taking over Telecom Italia (TIM) and also wants to discuss the phone group’s own plans to combine its fixed line assets with …

BRUSSELS – The United States, the European Union and largely western allies have blocked Belarus’ bid to join the World Trade Organization, saying its complicity in Russia’s invasion of Ukraine …

– Deutsche Bank AG has hired Joe Ahlersmeyer as vice-president of the U.S. building products research unit within the bank’s company research group, according to an internal memo seen by Reuters …

BERLIN – Daimler Truck said on Thursday it was not now in talks over whether it would take over a stake in Russia’s Kamaz from its former parent Mercedes-Benz AG, …

By David Shepardson WASHINGTON -The U.S. Postal Service said on Thursday it placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp and will double its …

LISBON – The European Central Bank does not contemplate a recession in the euro zone in its economic scenario despite the conflict in Ukraine that has exacerbated inflationary pressures, ECB …

– Uber Technologies Inc on Thursday said it will list New York City’s iconic yellow cabs on its app, a move that marks the company’s latest expansion into the taxi …

By Susan Mathew and Bansari Mayur Kamdar -European shares fell on Thursday, as the war in Ukraine entered its second month and Western countries bolstered Ukraine aid and expanded sanctions …