Financial News

– Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part of its ongoing sanctions against …

BEIJING – Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped …

FRANKFURT – Germany’s finance minister has called for fresh talks over a free trade agreement between the European Union and the United States, a newspaper reported on Sunday, aiming to …

By Saeed Azhar and Maha El Dahan DUBAI – Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to …

CAPE TOWN – A South African court has halted construction of Amazon’s new Africa headquarters after some descendants of the country’s earliest inhabitants said the land it would be built …

By Asif Shahzad ISLAMABAD – The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, …

By Rod Nickel and Ann Maria Shibu – Canadian Pacific Railway (CP) halted operations and locked out workers over a labor dispute early on Sunday, with each side blaming the …

WASHINGTON – The International Monetary Fund’s executive board will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said on Saturday. Argentina’s Senate voted …

(This 18 Mar story corrects paragraph 12 to show that Bayer does not maintain production facilities in Russia) By Richa Naidu and Jessica DiNapoli – Western companies that maintain a …

TOKYO – Norway’s sovereign wealth fund, the world’s largest, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms ahead of an extraordinary …

ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would continue working to lower it, …

ATHENS – Hundreds of Greek farmers, some on tractors, protested in Athens on Friday, demanding more tax cuts and subsidies to combat high fuel and fertilizer prices which have soared …

ZURICH – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending …

By Sanjeev Miglani NEW DELHI – India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to …

TOKYO -Japan’s Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday. Japanese Prime Minister Fumio …

-A U.S. court dismissed a lawsuit against Amazon.com Inc on Friday that accused the company of antitrust violations for barring third-party sellers from offering better deals for their products elsewhere. …

By David Shepardson and Hyunjoo Jin WASHINGTON -SoftBank Group Corp’s Vision Fund exited its bet on General Motors (GM) self-driving car subsidiary Cruise as the auto giant upped the ante, …

By Chibuike Oguh NEW YORK -Global equity markets gained on Friday after traders cheered a Russian bond payment that averted a historic sovereign default, while gold prices dropped as demand …

-The labor union representing Canadian Pacific Railway’s employees said on Friday that contract negotiations remain difficult after the company issued a lockout notice, and the parties were still far from …

By Lewis Krauskopf NEW YORK – Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set …

By Sinéad Carew, Shreyashi Sanyal and Sabahatjahan Contractor – Wall Street’s three major indexes closed higher on Friday, with the biggest boost from recently battered technology stocks, after talks between …

By David Shepardson WASHINGTON -A group of U.S. lawmakers led by House Oversight chair Carolyn Maloney asked Oshkosh Corp if it sought to avoid using union workers by deciding to …

By Supantha Mukherjee and Toby Sterling STOCKHOLM/AMSTERDAM – Thousands of telecom operator Veon employees are working from bomb shelters in Ukraine and moving equipment to border areas to maintain a …

-Russia on Friday demanded that Alphabet Inc’s Google stop spreading what it called threats against Russian citizens on its YouTube video-sharing platform, a move that could presage an outright block …

– Mexican airport operator Grupo Aeroportuario del Pacifico said on Friday it has refinanced its debt for $191 million, due in January and February 2024. The company said that with this refinancing, …