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Category:

Financial News

  • Financial News

    Russian regulator blocks Google News, cites Ukraine conflict -Interfax

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By David Ljunggren and Paresh Dave -Russia’s communications regulator has blocked the news aggregator service of Alphabet Inc’s Google, accusing it of allowing access to what it calls fake material …

  • Financial News

    U.S. jury finds former Boeing 737 MAX pilot not guilty in fraud case

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By David Shepardson -A Texas jury on Wednesday found a former chief technical pilot for Boeing not guilty of deceiving federal regulators who approved the company’s 737 MAX jet which …

  • Financial News

    South Korea central bank governor nominee Rhee says inflation, economic risks mounting

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    SEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he would thoroughly review how to …

  • Financial News

    BOJ policymakers saw chance of inflation overshoot in January – minutes

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Leika Kihara TOKYO -Bank of Japan policymakers agreed that consumer inflation may overshoot their expectations if companies pass on rising costs quicker than forecast, minutes of the central bank’s …

  • Financial News

    Japan’s March factory activity up, Ukraine crisis weighs on outlook – flash PMI

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    TOKYO – Japan’s manufacturing activity sped up in March from the prior month as a reduction in COVID-19 cases in the country helped lift orders and production, however, surging input …

  • Financial News

    Toshiba’s spin-off plan up against much opposition at Thursday’s shareholder vote

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Makiko Yamazaki TOKYO – Japan’s troubled Toshiba Corp goes into a critical shareholder vote later on Thursday facing very long odds for winning support for its plan to spin-off …

  • Financial News

    ANZ becomes first Australian bank to mint stablecoin

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    – Australia and New Zealand Banking Group said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint …

  • Financial News

    ‘Meme stock’ rally redux? GameStop, AMC shares rocket higher

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    NEW YORK -More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the famous “meme” …

  • Financial News

    Australia’s NAB to start new A$2.5 billion share buyback

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    -National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion …

  • Financial News

    Hertz adds Tesla’s Model Y to its EV fleet

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    – Hertz Global Holdings Inc has added Tesla Inc’s electric mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm’s website. The development comes months …

  • Financial News

    Tesla, Lucid supplier LGES plans to build $1.4 billion battery factory in Arizona

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Hyunjoo Jin and Heekyong Yang SAN FRANCISCO/SEOUL -LG Energy Solution (LGES), a supplier for electric car makers Tesla and Lucid, said on Thursday in Korea it plans to invest …

  • Financial News

    Rouble closes at highest since February on gas sales move

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    -The Russian rouble closed on Wednesday at its strongest this month against the dollar both in Moscow and offshore exchanges after President Vladimir Putin said Russia would start selling its …

  • Financial News

    As sanctions bite Russia, fertilizer shortage imperils world food supply

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Tom Polansek and Ana Mano CHICAGO – Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia …

  • Financial News

    U.S. airline CEOs urge Biden to lift COVID mask mandate -letter

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By David Shepardson WASHINGTON -The chief executives of American Airlines, United Airlines, Delta Air Lines and other carriers on Wednesday urged U.S. President Joe Biden to end a federal mask …

  • Financial News

    U.S. farm groups urge sowing on protected land as war cuts off Ukraine supply

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Leah Douglas, Christopher Walljasper and Karl Plume CHICAGO – Farm groups are urging the U.S. Agriculture Department to allow farmers the ability to plant on acres set aside for …

  • Financial News

    Fitch to withdraw ratings on all Russian entities

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    – Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said on Wednesday, as Western nations tighten …

  • Financial News

    Credit Suisse flags potential hit from Bermuda court ruling

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    ZURICH -Credit Suisse Group said on Wednesday that a court in Bermuda was poised to issue a ruling against a local life insurance subsidiary of the Swiss bank that could …

  • Financial News

    Toyota, Aurora test-drive autonomous ride-hailing fleet in Texas

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Hyunjoo Jin SAN FRANCISCO – Japan’s Toyota Motor and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two …

  • Financial News

    KKR sticks by request of due diligence on TIM – source

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    MILAN – U.S. investment firm KKR is keeping its request to access Telecom Italia’s data for a due diligence analysis before it can formalise its takeover bid, a person close …

  • Financial News

    Wall St drops as oil rally, Russia-Ukraine conflict fuel worries

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Caroline Valetkevitch NEW YORK – All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels …

  • Financial News

    Fed officials nod to big rate hikes to fight ‘inflation, inflation, inflation’

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Ann Saphir and Lindsay Dunsmuir -Federal Reserve policymakers on Wednesday signaled they stand ready to take more aggressive action to bring down unacceptably high inflation, including a possible half-percentage-point …

  • Financial News

    Wall Street pulls back on stocks, Treasury yields dip

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Lawrence Delevingne -Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the …

  • Financial News

    Google to pause ads that exploit or dismiss Russia-Ukraine war

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Paresh Dave – Alphabet-owned Google will not help websites, apps and YouTube channels sell ads alongside content that it deems exploits, dismisses or condones the ongoing Russia-Ukraine conflict, the …

  • Financial News

    U.S. will ‘absolutely’ hit Chinese firms if they violate export controls on Russia, says Raimondo

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Andrea Shalal WASHINGTON -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially …

  • Financial News

    Egypt requests IMF support as economy buffeted by Ukraine spillover

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    CAIRO -Egypt has asked for the International Monetary Fund’s support to implement a comprehensive economic programme, the IMF said on Wednesday. Continued exchange rate flexibility would be essential to absorb …

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