Financial News

By Christoph Steitz and Tom Käckenhoff FRANKFURT – Activist investor Enkraft is demanding a shareholder vote to force RWE to prepare a spin-off of its brown coal unit at the …

By Clare Jim, Jason Xue and Shuyan Wang HONG KONG/BEIJING -Embattled China Evergrande Group will unveil a debt restructuring proposal for its creditors by the end of July, it said …

By Giuseppe Fonte ROME -EU companies affected by sanctions against Russia over its invasion of Ukraine can get up to 400,000 euros ($441,320) in state aid, according to a European …

– The Russian rouble hovered around the 104 mark to the U.S. dollar most of the trading session in Moscow on Tuesday, lacking momentum for larger moves, while government OFZ …

BELGRADE – The war in Ukraine is expected to weigh on Serbia’s economy, presenting global problems such as supply chain disruptions and higher commodity prices, the International Monetary Fund said …

By Gergely Szakacs and Krisztina Than BUDAPEST – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, the biggest hike in the …

BRUSSELS – The European Commission on Wednesday will set out plans to ensure people fleeing Russia’s invasion of Ukraine have access to jobs, education and housing after an unprecedented flow …

-Canadian patent-licensing company WiLAN Inc said Tuesday that it has signed a new license agreement with Apple Inc related to wireless technology, resolving a patent fight between the companies just …

By Simon Jessop LONDON – Tech giant SAP and Boston Consulting Group said on Tuesday they would team up to help some of the world’s biggest companies overhaul their business …

– A form of digital currency that is designed to have a stable price and is generally linked to a mainstream currency or something such as gold could prove beneficial …

By Paresh Dave – Sandbox AQ, which has long-term goals to help clients use quantum computing, announced on Tuesday that it has spun off from Alphabet Inc, raised “nine figures” …

BRUSSELS – European Union leaders are set to agree this week on an international fund to help finance the reconstruction of Ukraine from the destruction wrought by the Russian invasion, …

AMSTERDAM -Just Eat Takeaway.com, Europe’s largest online restaurant food ordering service, said on Tuesday it has entered a “long-term global strategic partnership” with McDonald’s Corp. to expand delivery. Financial details …

SAO PAULO – Brazilian meatpacker JBS SA, which operates multiple food processing facilities in the United States, said its North American operations will continue to drive performance. Speaking at a …

FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices” in that …

(Corrects currency in 5th graf, no other changes.) ZURICH – The Swiss National Bank will likely hold fast to the world’s lowest interest rate when it gives its latest monetary …

WASHINGTON – General Motors Co said Tuesday it will recall 740,000 U.S. sport utility vehicles to address a headlight glare problems after U.S. regulators rejected its request to avoid calling …

MILAN – Maserati took the wraps off its new Grecale sports utility vehicle (SUV) on Tuesday, marking another step in the promised expansion of the automaker’s range as part of …

LONDON – S&P Global has suspended services of all products to customers in Russia and Belarus who are subject to sanctions, the credit rating agency said in a statement on …

SHANGHAI – Chinese smartphone maker Xiaomi Corp on Tuesday reported a bigger-than-expected 21.4% rise in fourth-quarter revenue, as industry shipments of handsets slowly tick up following a global chip shortage …

By Niket Nishant – Robinhood Markets Inc on Tuesday launched a new debit card that would allow spare change investing as it looks to expand beyond trading and into more …

By Huw Jones and Carolyn Cohn LONDON – Two thirds of funds in Luxembourg with heavy Russian exposure have been suspended following the Ukraine invasion, the Grand Duchy’s securities regulator …

By Jan Strupczewski BRUSSELS – The European Union will discuss in a few weeks whether it needs to jointly borrow more money in response to the challenges created by Russia’s …

SINGAPORE – Singapore Press Holdings (SPH) said on Tuesday its shareholders had approved acquisition by Cuscaden Peak, after it announced it was terminating rival bidder Keppel Corp’s offer. Both Cuscaden …

Berlin – The lobby group representing German businesses with interests in eastern Europe has defended the business activities of member companies in sanctioned Russia. There are a number of sectors …