Financial News

By Sruthi Shankar and Bansari Mayur Kamdar -European shares rose on Friday adding to the strong gains earlier this week, as investors focussed on Russia-Ukraine peace negotiations and digested the …

By Joseph Nasr BERLIN – Many Germans would support a car-free day a week to reduce dependence on Russian oil and gas imports, a poll showed on Friday, as soaring …

By Andrea Shalal and Hannah Lang WASHINGTON – U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the …

By Gavin Jones and Cristiano Corvino ROME – Carlo Vittorio Ferrari, who runs a farm holding 2,000 pigs with his brother near the town of Cremona in northern Italy, fears …

By Ann Saphir – The Federal Reserve should raise its policy rate to the range of 1.75% to 2% this year, Minneapolis Fed President Neel Kashkari said on Friday, and …

By Emma Farge GENEVA -A World Food Programme (WFP) official said on Friday that food supply chains in Ukraine were collapsing, with key infrastructure such as bridges and trains destroyed …

– Goldman Sachs Group Inc President and Chief Operating Officer John Waldron’s total compensation for 2021 was $33 million, up nearly 78% from a year earlier, the Wall Street bank …

By Karin Strohecker and Sujata Rao LONDON -Russia has paid interest due on two sovereign dollar bonds, easing doubts about its willingness and ability to honour external debt after harsh …

By Fanny Potkin and Poppy McPherson SINGAPORE -Myanmar’s junta has given the final approval for the sale of Norwegian telecommunications company Telenor’s operations in the country to a local company …

-Russia’s central bank kept its key interest rate at 20% on Friday following last month’s massive emergency hike and said it would start buying OFZ government bonds, warning of an …

By Brijesh Patel – Gold was on track for its biggest weekly drop in nearly four months on Friday, after demand for the safe-haven metal was hit by hopes of …

By Richa Naidu LONDON -British American Tobacco Plc is in advanced talks to transfer its Russian business to Russia’s SNS Group of Companies, its distributor, SNS said, after Moscow suggested …

WASHINGTON -St. Louis Federal Reserve president James Bullard on Friday called for a dramatic increase in the Fed’s overnight lending rate to more than 3% this year, a step he …

– Office rental company IWG said on Friday it plans to add more than 1,000 new locations globally in 2022, with particular focus on suburban areas, due to increasing demand …

By Valentina Za MILAN – The Ukraine conflict has prompted many international banks to review their presence in Russia, or swiftly embark on the arduous task of unwinding their businesses …

By Gavin Jones and Belén Carreño ROME – The European Union’s southern countries called on Friday for the bloc to adopt common energy policies in the face of surging prices …

MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Friday that U.S. airline company Delta is analyzing whether to fly to and from a new airport serving Mexico …

– The introduction of capital controls in Russia was a forced decision, the central bank governor Elvira Nabiullina said on Friday, after keeping its key interest rate unchanged at 20%. …

SANTIAGO – U.S.-based commodities trader Cargill Inc has agreed to acquire a 24.5% stake in the salmon farming subsidiary of Chile’s Multiexport Foods for some $290 million, it said on …

By Gergely Szakacs BUDAPEST – By extending a cap on retail fuel prices days before Russia’s invasion of Ukraine, Hungarian Prime Minister Viktor Orban has steered into a policy trap …

By Julie Gordon OTTAWA – Canadian retail sales bounced back in January, beating expectations, as shoppers ventured out to car dealerships and home improvement shops, official data showed Friday, though …

BERLIN -Germany’s economy ministry has launched an investigation into whether engineering group Bosch violated an export ban on goods that can be used for both civilian and military purposes, Der …

WASHINGTON – Federal Reserve Governor Chris Waller said economic risks around the war in Ukraine led him to vote in favor of a quarter percentage point rate increase at the …

– President Vladimir Putin gave the central bank rights to determine size of foreign currency operations with non-residents, including limiting FX purchases by foreigners on the Russian domestic market, a …

– Russia is considering allowing retailers to import products from abroad without the trademark owner’s permission, the competition regulator said on Friday, after global brands halted sales or stopped exports …