Financial News

– Gennady Timchenko, a long-time ally of Russian President Vladimir Putin, resigned from the board at gas producer Novatek on Monday after he was targeted by sanctions over Russia’s military …

STOCKHOLM – Ericsson Chairman Ronnie Leten said on Monday a comprehensive review is underway led by its new chief legal officer over the company’s conduct relating to Iraq and how …

– The London Stock Exchange Group entered into a $1 billion deal to sell a wealth technology platform to a consortium of investors, Sky News reported on Monday. LSEG will …

– French carmaker Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters. Renault suspended operations at its car assembly plant in Moscow in late February, …

– As the Russia-Ukraine conflict rages, hectic diplomacy is underway. U.S. and European Union leaders will meet and so will the NATO alliance, while all sides are courting China for …

By Uditha Jayasinghe COLOMBO – China is considering offering a $1.5 billion credit facility to Sri Lanka and a decision is expected soon, a top Chinese official said on Monday, …

A look at the day ahead in markets from Julien Ponthus. There’s arguably little central banks can do to tame surging energy and commodity prices other than try to limit …

BERLIN – German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump …

SHANGHAI – Shipments of smartphones within China fell 31.8% year-on-year to 14.5 million handsets in February, the China Academy of Information and Communications (CAICT) reported on Monday. Shipments were down …

By Gary McWilliams and Erwin Seba – Union workers were removed from a Chevron Corp oil refinery near San Francisco hours ahead of a deadline to begin the first labor …

– Top Russian carmaker Avtovaz said on Monday it was partially halting production at its plants in Togliatti and Izhevsk on March 21-25 due because of to shortages of electronic …

By Byron Kaye SYDNEY – Australia’s media regulator will be able to force internet companies to share data about how they have handled misinformation and disinformation under new laws that …

HONG KONG – Shares of embattled property developer China Evergrande Group and onshore bonds issued by its flagship unit Hengda Real Estate Group were suspended from trading on Monday, pending …

By Jamie McGeever ORLANDO, Fla. – Hedge funds went into the Fed’s interest rate lift-off wagering on a stronger dollar and steeper U.S. yield curve, but have so far been …

FRANKFURT – Tesla Chief Executive Officer Elon Musk appears to be headed to Berlin from Austin, Texas, the Twitter user @ElonJet, who tracks the movements of Musk’s private jet, posted …

NEW DELHI – Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India, majority-owned by the …

SHANGHAI – Microsoft Corp’s Bing, the only major foreign search engine available in China, said a “relevant government agency” has required it to suspend its auto-suggest function in China for …

SHANGHAI – China kept its benchmark interest rate for corporate and household lending unchanged on Monday, as expected, although analysts say the case for monetary stimulus is building amid mounting …

– Mapletree North Asia Commercial Trust’s unitholders will now have an option to receive consideration in cash from a proposed S$4.2 billion ($3.10 billion) merger with Mapletree Commercial Trust, the …

By Huw Jones LONDON – Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in the latest sign …

FRANKFURT – The European Central Bank will take action if it sees second-round inflation effects and a de-anchoring of medium-term inflation expectations, European Central Bank Vice President Luis de Guindos …

By Jonathan Stempel – U.S. prosecutors have charged a former Apple Inc employee with defrauding the iPhone maker out of more than $10 million in a series of schemes. Dhirendra …

PARIS – A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said on Sunday. …

By Asif Shahzad and Syed Raza Hassan ISLAMABAD – Barrick Gold has ended a long-running dispute with Pakistan and will now start to develop one of the world’s biggest gold …

PRAGUE – The Czech central bank may discuss whether to use its large foreign exchange reserves to not only stabilise exchange rate fluctuations but also for fighting inflation, central bank …