Financial News

LONDON – Investors pulled money out of European equities for a fifth week in a row and flocked to U.S. equities as the Russian invasion of Ukraine weighed on the …

HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to delay a coupon payment due …

BERLIN – German Foreign Minister Annalena Baerbock warned that supply shortfalls due to the war in Ukraine will be severe and could lead to further conflicts in already vulnerable countries. …

(Fixes typo in paragraph two) By Kantaro Komiya and Ju-min Park TOKYO – Japan will impose sanctions on 15 Russian individuals and nine organisations, it said on Friday, among them …

By Leika Kihara TOKYO – The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing …

– Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, …

NEW DELHI – Iran is ready to meet India’s energy security needs, its ambassador to India was quoted as saying on Friday, as negotiations continue between the world powers and …

By Patricia Zengerle WASHINGTON -The U.S. House of Representatives overwhelmingly backed legislation on Thursday to remove “most favored nation” trade status for Russia and Belarus over the invasion of Ukraine, …

BEIJING -China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease burdens on small businesses …

LONDON – Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined on Friday in line with nominations, or requests for gas, while reverse flows on the Yamal-Europe …

SHANGHAI – China is likely to keep benchmark lending rates unchanged at its monthly fixing on Monday, a Reuters survey found, after the central bank surprised investors by forgoing a …

– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding …

WASHINGTON -The United States on Thursday imposed sanctions on Belgian businessman Alain Goetz and a network of companies tied to him that it accused of being involved in the illicit …

FRANKFURT – Luxury sportscar maker Porsche AG, which parent Volkswagen could float in a partial stock market listing later this year, on Friday set out a more ambitious sales target …

By Sinead Cruise and Huw Jones LONDON – As they switch off the lights in Moscow, the world’s top banks face a risk-ridden retreat, juggling obligations to anxious clients and …

– The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain …

A look at the day ahead in markets from Dhara Ranasinghe. The end of the week is in sight and one thing is clear, central banks increasingly appear to be …

TOKYO -Japan’s transport ministry will revoke Hino Motors Ltd’s certification for four engines following submission of inappropriate emissions data by the Toyota Motor Corp unit, the ministry said on Friday. …

By Donny Kwok and Scott Murdoch HONG KONG – Aquila Acquisition Corp shares slipped on Friday in the first special purpose acquisition company (SPAC) listing in Hong Kong as the …

OSLO – The Norwegian economy has recovered from the coronavirus pandemic but now faces a negative impact from Russia’s invasion of Ukraine, Statistics Norway (SSB) said as it released fresh …

By William Schomberg LONDON – British finance minister Rishi Sunak must decide next week whether to spend billions of pounds more to ease the growing cost-of-living squeeze for households and …

By Jamie Freed – Hong Kong startup Greater Bay Airlines has scaled back its initial growth ambitions due to tight pandemic-related quarantine restrictions and has yet to set a date …

TOKYO – Toyota Motor Corp said on Friday that it would suspend operations on 18 lines at 11 domestic factories next week, mostly for three days, due to a parts …

BEIJING – China will step up scrutiny of the country’s statistics agency and tackle the “outstanding problems” of data fraud and falsification, the Communist Party’s anti-corruption inspection unit said on …