Financial News

By Lindsay Dunsmuir and Ann Saphir -Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel …

By Caroline Valetkevitch NEW YORK – U.S. stocks ended higher on Tuesday, led by a 2% gain in the Nasdaq, as shares of technology and other big growth names rebounded …

MEXICO CITY – Mexican banking institution Banorte will invite Mexicans to “recover” Citigroup’s retail unit in the country, which is set to go up for sale in coming months, if …

By Nelson Renteria SAN SALVADOR – El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in …

By Zandi Shabalala and Pratima Desai LONDON -The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper from …

By David Shepardson WASHINGTON – The chief executives of Intel and Micron will make the case Wednesday for U.S. government subsidies to boost semiconductor manufacturing before the U.S. Senate Commerce …

– Debt obligations from Russian companies linked to sanctioned billionaires were keeping investors on tenterhooks on Tuesday, as coupon payments to foreign holders of the securities ran into hurdles due …

By Sabrina Valle and Ben Klayman HOUSTON -Exxon Mobil Corp. on Tuesday appointed Dan Ammann, former president of automaker General Motors, to lead the oil company’s energy transition business effective …

By Hilary Russ NEW YORK – Starbucks workers in a cafe in Seattle, the coffee chain’s hometown, voted 9 to 0 in favor of joining a labor union, according to …

By Jamie Freed and Eric M. Johnson -The deadly crash of a China Eastern Airlines 737-800 could set back Boeing’s efforts to regain ground in the world’s biggest aircraft market …

SANTIAGO – The Chilean government will send a long-awaited bill to reform the country’s controversial private pension system to congress next year, Finance Minister Mario Marcel said on Tuesday. Reforming …

By David Shepardson WASHINGTON – The U.S. Travel Association on Tuesday urged the White House to lift COVID-19 travel restrictions and repeal a mandate requiring masks on airplanes and in …

By Ann Saphir – Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she would like to raise interest rates to about 2.5% by year end, with bigger rate …

By Andy Bruce LONDON – British government bond issuance will fall closer towards pre-pandemic norms in the coming financial year, when the market’s biggest buyer over the last decade – …

By Lawrence Delevingne BOSTON -Treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from …

By Laura Sanicola -Oil edged lower on Tuesday after it looked unlikely that European Union nations would agree to join the United States in a Russian oil embargo in retaliation …

By Uday Sampath Kumar -Nike Inc said on Monday manufacturing issues pinching sales over the past six months were now behind it, positioning the company to take advantage of surging …

By Supantha Mukherjee STOCKHOLM – Ericsson Chief Executive Borje Ekholm said on Tuesday he had told staff in 2019 to disclose to the U.S. Department of Justice all information on …

By Chuck Mikolajczak NEW YORK – The dollar edged lower on Tuesday as a boost from comments by U.S. Federal Reserve Chair Jerome Powell that boosted the greenback on the …

WASHINGTON – U.S. national security adviser Jake Sullivan said on Tuesday that U.S. President Joe Biden will announce joint action on enhancing European energy security and reducing its dependence on …

By Ann Saphir – San Francisco Federal Reserve Bank President Mary Daly said Tuesday she believes the “main risk” to the U.S. economy is from too-high inflation that could get …

By Geert De Clercq and Shadia Nasralla PARIS/LONDON -French oil major TotalEnergies said on Tuesday it would not renew its Russian gasoil and crude oil supply contracts for its German …

By Noor Zainab Hussain and Jonathan Stempel NEW YORK -Warren Buffett’s Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks …

By Emma Farge GENEVA – Western countries are refusing to engage with Russia at the World Trade Organization (WTO) in Geneva in a coordinated move that has already led to …

-Global companies, banks and investors have so far disclosed nearly $135 billion in exposure to Russia, company statements show. That number could rise in the coming weeks. Here is a …