Financial News

By Ann Saphir – St. Louis Federal Reserve Bank President James Bullard on Wednesday said U.S. policymakers need to think “bigger” and act “faster” on raising interest rates, given that …

By Jarrett Renshaw WASHINGTON -U.S. President Joe Biden has few appealing policy options to get record high U.S. gasoline prices under control ahead of the critical summer driving season, when …

By Chuck Mikolajczak NEW YORK – The dollar climbed on Wednesday while the euro weakened as oil prices shot higher again with U.S. President Joe Biden poised to announce, alongside …

By David Gaffen NEW YORK -Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) …

-Russian steel giant Severstal was racing against the clock on Wednesday to avoid becoming the country’s first major corporate default since the Ukraine crisis began, with international payment lines snarled …

By Nelson Acosta HAVANA – Cuba’s government said on Wednesday a spike in demand for fuel, caused in part by the failure of the country’s largest power plant last week, …

By Sabrina Valle HOUSTON -Occidental Petroleum on Wednesday outlined plans to advance its clean energy transition business, including spending between $800 million and $1 billion on a facility to remove …

MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard and his Saudi Arabian counterpart on Wednesday agreed to strengthen bilateral economic relations on the first day of the diplomat’s 10-day tour …

BERLIN – German growth will be weaker than expected this year due to the effects of Russia’s invasion of Ukraine which will also push up inflation in Europe’s biggest economy, …

By Richa Naidu LONDON -Nestle is to halt the sale of a wide range of brands in Russia, including KitKat chocolate bars and Nesquik, amid Ukrainian President Volodymyr Zelenskiy’s criticism …

– Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone …

PARIS – French drugmaker Sanofi on Wednesday said it would stop immediately any new spending not related to the supply of essential and life-changing medicines and vaccines in Russia, as …

MONTREAL – Bombardier has cancelled plane orders because of Western nation’s sanctions on Russia but the situation is manageable due to strong demand for business jets overall, Chief Executive Officer …

By Aftab Ahmed, Aditi Shah and Aditya Kalra NEW DELHI -India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, …

By Liz Hampton DENVER – U.S. pipeline operator Tallgrass Energy is looking for growth from international markets and recently hired a business development professional to lead such efforts, the company …

By Andrea Shalal WASHINGTON – The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo …

By Valentina Za and Francesca Landini MILAN – The European Central Bank can keep its accommodative policy stance if euro zone governments act to offset higher prices, including by supporting …

– Russia is looking for suppliers of packaging for baby food and dairy products due to disruption in supplies caused by the Western sanctions imposed on Moscow, the country’s agriculture …

By David Milliken, William Schomberg and Andy Bruce LONDON -British finance minister Rishi Sunak cut fuel duty and softened some of a looming payroll tax increase on Wednesday as he …

– Energy firms said they do not want U.S. federal energy regulators to apply new greenhouse gas emission guidelines to currently pending gas pipeline applications. On Feb. 17, the U.S. …

– Annual inflation in Russia accelerated to 14.53% as of March 18, its highest since November 2015 and up from 12.54% a week earlier, the economy ministry said on Wednesday, …

By Jane Lanhee Lee, David Shepardson and Chavi Mehta -Nvidia Corp is interested in exploring using Intel Corp for manufacturing its chips, Chief Executive Officer Jensen Huang said on a …

By Horaci Garcia and Christina Thykjaer MADRID – Furlough schemes may need to be introduced if a transport strike that is creating shortages of fresh produce continues, Spanish retail and …

MILAN – Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been proposed by a leading shareholder for the role …

-Executives from the world’s largest trading houses and mining companies are at the FT Commodities Global Summit this week, discussing market trends, cyber security and the impact of the conflict …