Financial News

By Giuseppe Fonte and Angelo Amante ROME -Italy on Friday approved measures to help consumers and firms cope with surging energy costs exacerbated by the Ukraine crisis, in a wide-ranging …

-The Russian rouble fell in light trading in Moscow on Friday, with trading on separate exchanges stabilising beyond 100 to the dollar, after the central bank opted to hold rates …

By Jonathan Stempel – A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them …

By Doyinsola Oladipo – U.S. booking sites including Vrbo, Hopper and KAYAK are seeing higher demand for spring and summer leisure travel as COVID-19 restrictions ease and travelers appear to …

By Hilary Russ NEW YORK -Burger King’s parent company said on Thursday it has not been able to close its 800 restaurants in Russia because its independent operator there “refused” …

By Caroline Valetkevitch NEW YORK – The U.S. dollar index bounced back on Friday from recent declines as Federal Reserve officials said the central bank may need to be more …

By Howard Schneider and Ann Saphir -Two of the Federal Reserve’s most hawkish policymakers on Friday said the central bank needs to take more aggressive steps to combat inflation, and …

– Amazon.com Inc workers at the company’s “LDJ5” warehouse in Staten Island, New York will vote in person starting on April 25 on whether to unionize, the U.S. National Labor …

By David Shepardson WASHINGTON -Two U.S. House Democratic lawmakers on Friday asked Hertz Global Holdings, and Avis Budget Group to answer questions about rising rental car prices and higher industry …

By Laura Sanicola – Oil prices settled higher on Friday, but posted a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in …

(Corrects paragraph 8 to indicate that U.S. bankruptcy is primarily civil, not purely civil) By Dietrich Knauth -As foreign companies seek to exit Russia over the war in Ukraine, they …

AMSTERDAM – The European Union is considering creating a solidarity fund for Ukraine to help provide basic services in the country and meet citizens’ immediate needs, European Council President Charles …

WASHINGTON – Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) …

-Video game retailer GameStop Corp on Thursday reported a net loss for the fourth quarter, as it absorbed high costs from supply constraints and also raised spending to pivot its …

By Howard Schneider BALTIMORE – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing monetary policy in the face …

By Adam Jourdan and Walter Bianchi BUENOS AIRES – Argentina’s $45 billion debt deal with the International Monetary Fund, approved by the country’s Congress on Thursday, now faces its final …

By Eric Onstad LONDON -The London Metal Exchange (LME) again widened its trading band for nickel on Friday, but for a third session in a row it hit limit down, …

– Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil …

– Russia’s Finance Ministry said on Friday it has sent its proposals to reallocate 485.9 billion roubles ($5 billion) of budget spending in 2022 to focus on the most important …

– Radisson Hotel Group said on Friday it had suspended new partnerships and new investments in Russia, in the wake of Moscow’s invasion of Ukraine. The company is the latest …

By Hilary Russ NEW YORK – Wall Street analysts have slashed their forecasts for McDonald’s Corp’s 2022 and 2023 profit, the latest sign that some Western companies stand to take …

By Nivedita Balu and Praveen Paramasivam – A number of Uber and Lyft drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the …

By Lucia Mutikani WASHINGTON – U.S. home sales fell by the most in a year in February as a perennial shortage of houses and double-digit price growth continued to squeeze …

– U.S-listed shares of major Chinese companies including Didi Global and Alibaba surged on Friday, set to wrap a week that was marked by China’s top policymaker laying out plans …

– Russia’s biggest cargo airline Volga-Dnepr Group has suspended all flights using Boeing aircraft due to Western sanctions, it said on Friday. Sanctions have cut off the supply of most …