Financial News

By Lucia Mutikani WASHINGTON – Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are squeezing out some first-time buyers …

By Andrea Mandala and Stephen Jewkes MILAN -Saipem core investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 …

By Giulio Piovaccari and Steve Scherer MILAN/OTTAWA -Stellantis took significant steps in its battery production plans in Europe and North America on Wednesday as carmakers race to meet rising demand …

-Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, …

By Liz Hampton -Activity in the oil and gas sector accelerated in the first quarter as company outlooks improved, according to a survey of oil executives released on Wednesday by …

By Trevor Hunnicutt WASHINGTON -The Biden administration on Wednesday announced new steps to crack down on U.S. real estate appraisers who perpetuate property inequalities by assigning lower home price estimates …

By Brenda Goh SHANGHAI -Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since it went public in 2004, reflecting …

By Patricia Zengerle WASHINGTON – Legislation removing “most favored nation” trade status for Russia over the invasion of Ukraine hit a roadblock in the U.S. Senate on Wednesday, as Democrats …

PARIS – French food group Danone said on Wednesday it would continue local production in Russia of essential dairy and infant nutrition products, but had cut other ties with the …

By Dawit Endeshaw ADDIS ABABA -Ethiopian Airlines CEO Tewolde Gebremariam, who transformed the airline into Africa’s biggest carrier, said on Wednesday he had resigned to focus on his medical treatment. …

-Reuters has removed TASS from its business-to-business marketplace for customers, according to a Reuters message to staff on Wednesday, amid growing criticism of how Russia’s state-owned news agency is portraying …

– Russian steelmaker Severstal said on Wednesday it would apply for a special licence to process a Eurobond coupon payment that Citibank froze. Severstal, whose main shareholder, Alexey Mordashov, was …

By Joan Faus BARCELONA – Volkswagen has picked a site near Valencia for a planned battery cell plant in Spain, which could include U.S. carmaker Ford as a customer or …

By Valentina Za and Giuseppe Fonte MILAN -Monte dei Paschi di Siena must submit an updated capital plan to the European Central Bank by end March, the Italian bank said …

By Mehr Bedi and Deborah Mary Sophia – General Mills Inc raised its full-year core sales and profit forecasts on Wednesday, encouraged by higher prices and strong demand for the …

-The average bonus on Wall Street jumped 20% last year to the highest level since 2006, the New York State comptroller reported on Wednesday. The average payout for securities workers …

– Shares of the world’s largest inter-dealer broker TP ICAP jumped as much as 11% on Wednesday after U.S. hedge fund Phase 2 Partners asked the British company to explore …

By Anne Kauranen HELSINKI – The initial impact of the European Union’s sanctions against Moscow following its invasion of Ukraine has led to a greater drop in trade between Finland …

WASHINGTON – The export credit agencies of the United States, Britain and Canada said on Wednesday that they are withdrawing new export credit support for Russia and Belarus over Russia’s …

By Steve Scherer and Nia Williams OTTAWA/CALGARY, Alberta -Canada on Thursday will outline plans to increase oil exports to help alleviate the tight global market following Russia’s invasion of Ukraine, …

By Arunima Kumar and Shariq Khan -Cresco Labs Inc is buying rival Columbia Care Inc in a $2-billion deal to become the top U.S. cannabis producer in one of the …

By Medha Singh – Battered technology and growth shares have shrugged off rising bond yields to drive a rebound in world stocks as some investors view them as a hedge …

MILAN -CVC Capital Partners has been looking at the reorganisation under way at Telecom Italia (TIM) for some time but has taken no decision on its next move, a spokesperson …

– The Russian government has transferred more than 50% of foreign aircraft to Russia’s own registry as it takes measures to start using foreign aircraft located in Russia, Prime Minister …

By Heekyong Yang and Joyce Lee SEOUL -South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest $1.5 billion to set up a joint …