Financial News

By Aftab Ahmed and Rajendra Jadhav NEW DELHI – Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the prices of items from …

By Rocky Swift TOKYO -Moderna Inc is sponsoring sumo flags in its first such promotion in Japan, as the COVID-19 vaccine maker seeks to wrestle market share from compatriot Pfizer …

By Andy Bruce LONDON -British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi …

A look at the day ahead in markets from Dhara Ranasinghe. Data this morning showing British inflation rose to a new 30-year high of 6.2% last month, is a reminder …

By Scott Murdoch and Makiko Yamazaki SYDNEY/TOKYO -Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity …

SEOUL – South Korea’s central bank chief reiterated on Wednesday the need to further raise the bank’s policy interest rate as the economy struggles to tame red-hot inflation and amid …

By Cynthia Kim and Jihoon Lee SEOUL -South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as its new central bank chief, a pick who is widely …

By Karen Freifeld -China’s ZTE Corp saw its shares soar as much as 60% in Hong Kong on Tuesday after the telecommunications equipment maker completed five years of probation in …

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 Asha Sistla – Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for …

SINGAPORE – Singapore’s February headline prices rose at their fastest pace in nine years due to higher private transport costs, while core prices eased for the first time since June …

– Dutch consumer confidence deteriorated in March due to growing pessimism about the economy and the war in Ukraine, the Dutch Statistics Office CBS announced on Wednesday. The indicator dropped …

By Tom Hals – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai …

BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move …

By Andrea Shalal and Marek Strzelecki WASHINGTON -The United States and its Western allies are assessing whether Russia should remain within the Group of Twenty (G20) grouping of major economies …

By Shariq Khan – U.S. cannabis producer Cresco Labs Inc is in advanced talks to buy rival Columbia Care Inc for around $2 billion, three people familiar with the matter …

HONG KONG/BEIJING – Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up …

By Jonathan Stempel NEW YORK -The top U.S. securities regulator on Tuesday urged a federal judge not to let Elon Musk escape an agreement requiring that his Twitter use be …

WASHINGTON – The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources …

By Andrea Shalal and David Lawder BALTIMORE/WASHINGTON -The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter …

By Jason Lange and Alexandra Ulmer WASHINGTON – Former President Donald Trump’s Save America group has quickly become one of the top Republican fundraising organizations ahead of the Nov. 8 …

By Andrea Shalal BALTIMORE, Md. -Top trade officials from the United States and Britain will meet in Scotland in April after two days of talks in the U.S. port city …

By Ross Kerber BOSTON – Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it …

-Apple Inc’s Apple Music, mobile App Store and Podcasts resumed services on Tuesday, after facing outages for a second consecutive day, according to the company’s system status page. Tuesday’s outage …

– Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of …