Financial News

BRUSSELS – President Emmanuel Macron said on Thursday he respected French automaker Renault’s decision to suspend its Moscow factory and said it was up to companies to decide whether they …

WASHINGTON – Alphabet’s Google urged a judge hearing a U.S. antitrust case against it to reject the Justice Department’s request that it be sanctioned, saying it had not abused attorney-client …

By Alex Lawler LONDON – OPEC officials believe a possible European Union ban on oil from its partner Russia over the invasion of Ukraine would hurt consumers and the group …

By Gaurav Dogra and Patturaja Murugaboopathy – Global tech funds are back in demand and investment inflows are surging as rising inflationary pressures and a selloff in bonds drive investors …

By Joe Bavier JOHANNESBURG -South Africa is close to reaching a five-year target for new investment, President Cyril Ramaphosa said on Thursday as he sought to drum up further backing …

By Shariq Khan – U.S. shale oil producer ConocoPhillips is working with an adviser to sell its gas-producing assets in the Anadarko Basin of North Texas and Western Oklahoma, according …

By Ross Kerber BOSTON – Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas …

By Hannah Lang WASHINGTON – Prominent U.S. lawmaker Maxine Waters has asked more than 30 financial services trade groups for information on what steps their members have taken to end …

By Katanga Johnson WASHINGTON – The U.S. public company accounting regulator said on Thursday that it continued to engage with Chinese regulators about getting access to their auditors’ records, but it remained unclear if …

-The state of the U.S. housing market should help guide the Federal Reserve as it sets monetary policy and there appears no let-up in sight for higher home costs, Fed …

By Ann Saphir -The Federal Reserve needs to raise interest rates “in a timely fashion” this year and in 2023 to curb high inflation before it is embedded in U.S. …

-Energy and metals firms led a jump in Russian stocks on Thursday as trading resumed after almost a month’s suspension, reflecting soaring global prices for oil, gas and other commodities …

By Lucia Mutikani WASHINGTON -The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly …

-Weibo Corp said on Thursday it will consider evaluating options after the Chinese social media platform was added to U.S. securities regulator’s list of companies facing the risk of being …

ZURICH – Luxury goods group Richemont has sold its entire 20% stake in Swiss watchmaker Greubel Forsey, documents showed on Thursday. Greubel Forsey said in a statement that 100% of …

-Nikola Corp shares rose about 15% on Thursday, as Wall Street cheered the company starting production of its electric truck on schedule. The electric-vehicle maker said at its analyst day …

WASHINGTON – A measure of U.S. business activity increased to an eight-month high in March, fueled by strong demand for both goods and services, but Russia’s war against Ukraine hurt …

By Ann Saphir -Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said he has penciled in seven quarter-point interest rate hikes this year to help rein in high inflation, …

By Foo Yun Chee BRUSSELS – EU lawmakers on Thursday backed lower price caps on wholesale roaming fees paid by telecoms operators to peers in another EU country, extending for …

– Marlboro maker Philip Morris International Inc said on Thursday it was working on options to exit the Russian market after Moscow’s invasion of Ukraine. The cigarette maker, which brought …

By John Revill ZURICH – The Swiss National Bank will take “all necessary measures” to tackle higher prices in Switzerland, SNB Chairman Thomas Jordan said on Thursday, indicating a shift …

By Huw Jones and David Milliken LONDON – The Bank of England on Thursday began sketching out Britain’s first regulatory framework for cryptoassets, saying that although the sector remained small, …

By Zuzanna Szymanska and Joseph Nasr BERLIN -German workers and families will receive extra cash, cheaper petrol and cut-price public transport tickets to help them shoulder soaring power and heating …

By Brenna Hughes Neghaiwi and Michael Shields ZURICH -Switzerland has frozen around 5.75 billion Swiss francs ($6.17 billion) worth of Russian assets covered by sanctions, and that amount is likely …

By David Milliken and Huw Jones LONDON -The Bank of England said on Thursday that it might not go ahead with plans announced in December to raise banks’ capital requirements …