Financial News

By Christoph Steitz and Tom Käckenhoff FRANKFURT -Germany’s EnBW will avoid any new energy supply deals with Russia for as long as Vladimir Putin is its president, the utility’s chief …

– U.S. auto retail sales could decline in March as rising inflation hinders spending by customers already limited by slim inventories due to pandemic-led supply shortages, and now the Ukraine …

By Saqib Iqbal Ahmed NEW YORK -Risk appetite has rebounded on Wall Street after a brutal start to the year, but some strategists warn the lull in volatility may be …

By Eric Onstad LONDON – The London Metal Exchange’s (LME) benchmark nickel surged 15% on Wednesday to hit its upper trading limit, reversing direction and climbing for the first time …

MADRID -Mexican billionaire Carlos Slim’s Spanish construction firm FCC on Wednesday launched a tender offer for a 24% stake in real estate developer Metrovacesa, a FCC filing to the local …

TOKYO -Japan’s Securities and Exchange Surveillance Commission on Wednesday filed criminal charges with Tokyo prosecutors against SMBC Nikko Securities and seven of its employees over alleged market manipulation. The brokerage …

– Aegon has completed the sale of its Hungarian arm to Vienna Insurance Group (VIG) for 620 million euros ($682 million), the Dutch insurer said on Wednesday. Aegon had announced …

SHANGHAI – BMW Group said on Wednesday production at all its plants in the northeastern Chinese city of Shenyang will be temporarily suspended from Thursday due to COVID control measures. …

ISTANBUL – Amazon.com Inc said on Wednesday it will set up a logistic base in Turkey to meet rising demand, with a more than $100 million investment. It said the …

By Takaya Yamaguchi and Leika Kihara TOKYO – Japan’s ruling coalition on Wednesday agreed to compile a fresh stimulus package to cushion the economic blow from surging fuel and grain …

SHANGHAI/SYDNEY -Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose …

By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from …

By Ron Bousso LONDON – BP is seeking buyers for its shut-down Foinaven oilfield in the North Sea, hoping Britain’s renewed focus on domestic production will attract buyers interested in …

By John Kemp LONDON – “The longer the war goes on, the greater the chance of an economic recession,” the chief executive of commodity trader Vitol said on Tuesday at …

By Toby Sterling THE HAGUE – A Dutch court on Wednesday rejected a suit against Shell brought by four widows of activists who were executed by the Nigerian government in …

By Clare Jim HONG KONG -Cash-strapped Kaisa Group Holdings Ltd has joined a growing list of Chinese property developers unable to publish 2021 audited earnings by March 31 as required …

By Foo Yun Chee BRUSSELS – EU companies affected by sanctions imposed on Russia can get up to 400,000 euros ($440,360) in state support and compensation up to 30% of …

By Paul Carrel and Miranda Murray BERLIN – Europe will end its energy dependence on Russia but to do so from one day to the next would plunge it into …

By David Henry NEW YORK – Swings in asset prices following Russia’s invasion of Ukraine could hit first-quarter profits at big U.S. banks depending on what happens before the end …

By David Stanway and Zoey Zhang SHANGHAI -Banks in Asia are “falling short” when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims …

SHANGHAI -Geely Automobile Holdings Ltd expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on Wednesday, after reporting …

By Simon Jessop and Toby Sterling LONDON -ING Groep NV will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit …

By Lisa Richwine and Dawn Chmielewski LOS ANGELES – Employees of the Walt Disney Co staged walkouts and social media campaigns on Tuesday to protest the company’s response to Florida …

FRANKFURT -A pay increase for thousands of workers at Deutsche Bank’s retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry …

PARIS -TotalEnergies’ decision to quit Russian oil supply contracts does not put the overall future of the French energy company at risk, the company’s chairman and chief executive Patrick Pouyanne …