Financial News

LONDON – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following …

BERLIN – Security staff at several German airports will stage another one-day strike on Tuesday after four rounds of talks to increase wages failed to result in an agreement, trade …

– Warren Buffett’s Berkshire Hathaway is sitting on a near-record high $146.7 billion cash pile despite the huge buybacks it made over the past couple of years. It struck a …

By Ann Saphir -Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer …

By Selena Li HONG KONG – Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as manager of the HK$111 billion …

By Scott Murdoch and Valentina Za SYDNEY/MILAN -Italian luxury yacht maker Ferretti Group launched a Hong Kong initial public offering on Monday that values the company at up to $1.2 …

By Foo Yun Chee BRUSSELS – Europe’s second-highest court will rule on Sept. 14 on Alphabet unit Google’s challenge against a record 4.34 billion euros ($4.8 billion) EU antitrust fine …

-Kohl’s Corp said on Monday its board was reviewing multiple preliminary offers from buyers as the U.S. department store chain continues to evaluate alternatives for its business. Canadian department store …

By Jarrett Renshaw WASHINGTON -The White House invited executives from an array of U.S. industries and businesses, including energy, food, and banks, to a briefing Monday on the Russia-Ukraine conflict, …

– Telegram has overtaken WhatsApp to become Russia’s most popular messaging tool, the mobile operator Megafon said on Monday, with Russians flocking to the service as Moscow restricts some digital …

By Silke Koltrowitz ZURICH -Credit Suisse shook up its board on Monday, including the departure of its influential vice chair Severin Schwan, as it attempts to draw a line under …

BEIJING – China will give nearly 1 trillion yuan ($157 billion) in tax rebates to domestic small firms to shore up economic stability, state media CCTV quoted a cabinet meeting …

LONDON -The London Stock Exchange Group said on Monday it will sell its wealth management technology operations BETA+ for $1.1 billion to affiliates of Clearlake Capital Group and Motive Partners …

-Chinese e-commerce platform Pinduoduo Inc on Monday reported quarterly revenue that missed Wall Street estimates, as it battles fierce competition from Alibaba and JD.com in the rapidly growing online shopping …

– Lyft Inc’s Lyft Direct cardholders will receive an increase in cashback rewards of 4% to 5% on purchase of gasoline until June 30, the ride-hailing firm said on Monday, …

By Dhara Ranasinghe LONDON – The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia’s invasion of Ukraine may have helped clear …

PARIS – The world’s two top central banks will move out of sync in the foreseeable future, as the war in Ukraine has vastly different effects on their economies, European …

FRANKFURT – Germans should brace for higher prices and weaker economic growth as Russia’s invasion of Ukraine disrupts trade and makes fuel as well as wheat more expensive, the Bundesbank …

COPENHAGEN -The war in Ukraine will drive up inflation and could shave between 0.6 and 2.8 percentage points off Denmark’s expected economic growth this year, the Finance Ministry said on …

-Shares of Anaplan Inc rose over 26% in premarket trading on Monday after the software maker agreed to be taken private by Thoma Bravo LP for $9.65 billion, in a …

By Huw Jones LONDON -Global financial regulators are closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on …

KUALA LUMPUR – Malaysian industries are protesting against a government plan to raise a national minimum wage, warning companies could lose competitive edge as well as suffer higher costs and …

By Julie Ingwersen and P.J. Huffstutter CHICAGO – After Russia’s invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. Local prices …

By Uday Sampath Kumar -Wall Street is taking a gloomy view of Nike Inc ahead of its quarterly results on Monday, as rising COVID-19 cases in China, the Russia-Ukraine crisis …

By Brenda Goh and Dominique Patton SHANGHAI -Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the …