Financial News

By Pavel Polityuk LVIV, Ukraine – Ukraine’s spring crop sowing area may more than halve this year from 2021 levels to some 7 million hectares, its Agriculture Minister Roman Leshchenko …

By Stephen Jewkes MILAN -Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance …

By Julia Payne LAUSANNE -Energy and commodity markets are in shock after Russia’s invasion of Ukraine, the world’s top trading firms said on Tuesday, warning of gas and diesel shortages …

By Nick Carey and Christoph Steitz WOERT, Germany – The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such …

By Nathan Gomes and Ann Maria Shibu -Canadian Pacific Railway Ltd will resume operations on Tuesday as it agreed to settle a labor dispute with the union representing its conductors …

By Iain Withers and Julien Ponthus LONDON – France’s Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks since Moscow’s …

By David Lawder WASHINGTON -Global economic growth this year will manage to stay in positive territory despite the war in Ukraine, but a number of countries with already weak economies …

SAO PAULO – South American e-commerce giant MercadoLibre said on Tuesday it will invest 17 billion reais ($3.44 billion) in Brazil in 2022, up 70% from a year earlier, as …

BERLIN – Mercedes-Benz has reduced working hours for some staff at its Sindelfingen plant, where it produces models including the S-Class and E-Class, as supply chain disruptions caused by the …

By Shreyashi Sanyal and Bansari Mayur Kamdar -European shares rose on Tuesday, boosted by gains in banks on prospect of aggressive interest rate hikes following hawkish comments by U.S. Federal …

ROME -Ferrari will invest up to about 500 million euros ($550 million) in its Maranello and Modena plants in central Italy by 2025 to support new technologies and create 250 …

By Julie Gordon OTTAWA – Red-hot inflation has Canadians opening their wallets wider at the grocery store and gas pump, but that’s not stopping them from also spending on travel, …

By Ananya Mariam Rajesh -Carnival Corp on Tuesday forecast a loss for the year as the U.S. cruise operator’s efforts to gradually restart operations after a long pandemic-led hiatus face …

By Corina Pons and Emma Pinedo MADRID – A surge in sunflower oil prices after Russia’s invasion of Ukraine cut supply has proved an opportunity for producers of one of …

BALTIMORE – Britain’s trade minister, Anne-Marie Trevelyan, said she will meet with U.S. Commerce Secretary Gina Raimondo later on Tuesday to discuss resolving the U.S.-UK steel tariff dispute. “We’ve been …

By Marco Aquino LIMA – Peru’s embattled state-owned oil firm Petroperu will not submit its annual financial audit before the end of July, new Chief Executive Francisco de la Torre …

By Sergio Goncalves LISBON -Portugal’s Prime Minister Antonio Costa called on Tuesday for a maximum reference price for natural gas to be established in the European Union and for value-added …

MEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps of the U.S. Federal Reserve …

By Brijesh Patel – Gold prices fell over 1% to a near one-week low on Tuesday after U.S. Federal Reserve Chair Jerome Powell hinted at big rate hikes this year …

AMSTERDAM – Amsterdam-based Prosus NV, the owner of Russian online marketplace Avito, said on Tuesday it has taken steps to remove “a small number” of advertisements for jobs in the …

By Daphne Psaledakis WASHINGTON – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia’s assault on Ukraine and discuss next …

By Yoruk Bahceli -The European Union raised over 12 billion euros ($13.24 billion) in a debt sale on Tuesday, as investors wait to see if the bloc will unveil a …

By Roberto Samora SAO PAULO – Brazil’s recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals in the short term and …

By Gavin Jones ROME – A growing number of European countries are cutting fuel taxes to lower surging pump petrol prices. The move brings respite to motorists but environmentalists say …

STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast …