Financial News

By Jan Strupczewski and Marek Strzelecki WARSAW/BRUSSELS – The European Commission could soon approve Poland’s coronavirus recovery plan, but Warsaw might only get billions in EU money months later once …

By Iain Withers and Carolyn Cohn LONDON – While the West’s big investors have ditched Russia in recent weeks, one small group of armchair investors sees a bargain and is …

By Bharat Gautam – Gold dipped on Friday as the dollar strengthened, with prices on course for their biggest weekly fall in nearly four months as some of the safe-haven …

By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a careful and sceptical approach for …

FRANKFURT -Managers at sportscar maker Porsche late last year travelled to the United States to discuss possible joint projects with iPhone maker Apple as well as with some other tech …

LONDON -British finance minister Rishi Sunak said on Friday his priority was now to cut taxes having already taken measures to tackle the huge hole in the public finances caused …

-Russian President Vladimir Putin has proposed nominating central bank Governor Elvira Nabiullina for a third term in a bid to ensure macroeconomic stability, spokesman Dmitry Peskov said. A surprise appointment …

By Anshuman Daga, Pamela Barbaglia and Andres Gonzalez SINGAPORE/LONDON -Global infrastructure funds have approached Vodafone to invest in its $16 billion mast company Vantage Towers but the telecoms giant’s preference …

By Makiko Yamazaki TOKYO – A U.S.-based fund has called for Japan’s Shimizu Corp to halt a $190 million bid to take control of road builder Nippon Road Co Ltd, …

By Philip Blenkinsop BRUSSELS – The euro zone’s trade balance was in deficit for the third consecutive month in January as surging energy prices led to a sharp increase in …

BEIJING – Chinese Energy Vehicle Maker Xpeng Inc said on Friday it will raise its prices for on-sale vehicles before subsidy from March 21 due to the rising costs of …

By Selena Li and Samuel Shen HONG KONG – Chinese authorities will address the concerns of international investors when finalising new rules for offshore listings, two sources quoted a senior …

– U.S. bond funds posted big outflows in the week to March 16 as another strong reading on U.S. inflation last week locked in expectations that the Federal Reserve will …

– Russia’s finance ministry on Friday said it had fully met its obligations on paying coupons on dollar-denominated Eurobonds due in 2023 and 2043, and said payment agent Citibank had …

– Global bond funds saw money outflows for the tenth consecutive week in the week to March 16, as higher U.S. inflation levels evoked expectations that the Federal Reserve would …

By Chris Prentice WASHINGTON – You may not have heard of Joshua Mitts, a young Columbia University professor who is making some powerful enemies on Wall Street. The 36-year-old securities …

By Noah Browning LONDON -The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil …

JAKARTA – The Asian Development Bank (ADB) will assist in Indonesia’s planned $32 billion capital city relocation by mobilising financing and assessing the project’s environmental and social impacts, the Manila-based …

By Eric M. Johnson, David Shepardson and Rajesh Kumar Singh – Boeing Co is edging towards a landmark order from Delta Air Lines for up to 100 of its 737 …

LONDON – British consumers’ spending on credit and debit cards slipped back slightly in the week to March 10 to match its average level in February 2020, weekly Bank of …

BEIJING – China’s fiscal spending rose 7.0% in January-February from a year earlier, the finance ministry said on Friday, quickening from a 0.3% rise in 2021 as policymakers step up …

By Chris Peters -Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker, the private equity firm said on Friday, in the …

LONDON – BP CEO Bernard Looney’s total renumeration in 2021 rose to 4.46 million pounds ($5.86 million) from 1.74 million, BP’s annual report published on Friday showed. BP’s 2021 profits …

LONDON – BP’s board on Friday recommended investors vote against a shareholder resolution filed by Dutch activist group Follow This urging the British energy company to accelerate its energy transition …

By Shinji Kitamura and Satoshi Sugiyama TOKYO -Japanese manufacturers began restarting production at plants in the country’s quake-hit northeast, but Toyota Motor Corp said it plans to idle 18 assembly …