Financial News

By Steve Gorman – Jeff Bezos’ Blue Origin space tourism service has postponed until March 29 a flight initially set for next week, while “Saturday Night Live” comic Pete Davidson …

SHANGHAI -Germany’s Mercedes-Benz Group AG said on Friday it has opened a research and development (R&D) centre in Shanghai that will focus on mobility technology. The centre, its second R&D …

SHANGHAI – Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, highlighting liquidity stress as Beijing …

SYDNEY – Australia imposed sanctions on Friday on two Russian oligarchs with links to its mining industry, one of them a billionaire with an investment connection to Rio Tinto’s Gladstone …

TOKYO – The Bank of Japan maintained its massive stimulus on Friday and warned of “very high uncertainty” over the economic fallout from the Ukraine crisis, signalling its resolve to …

BEIJING – The central Chinese city of Wuhan has vowed to create a 100 billion yuan ($15.7 billion) space industry by 2025 and become China’s “valley of satellites”, joining other …

By Nicolás Misculin BUENOS AIRES – Argentina’s Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law …

SHANGHAI – Tesla resumed production at its Shanghai factory on Friday after a two day suspension, people familiar with the matter said, as movement controls imposed on its workers as …

WARSAW – Ukrainians in Poland will be able to convert hryvnia bank notes into Polish zlotys from the middle of next week as part of a programme involving the central …

By Kentaro Sugiyama and Daniel Leussink TOKYO – The Bank of Japan’s next governor must be someone who can steer the central bank toward an exit from ultra-easy monetary policy, …

By Eric Onstad LONDON -Despite the turbulent, stop-start trading of nickel on the London Metal Exchange, frustrated investors who may want to shift their business elsewhere have found there are …

By Bernadette Christina JAKARTA – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil …

By Heekyong Yang and Silvia Aloisi SEOUL -As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring …

By Sabrina Valle HOUSTON -Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s budding …

By Karin Strohecker, Sujata Rao and Marc Jones -Some creditors have received payment, in dollars, of Russian bond coupons which fell due this week, two market sources said on Thursday, …

By Rajesh Kumar Singh CHICAGO – General Electric Co on Thursday said its Chief Executive Larry Culp would take a 67% cut to an incentive grant this year after shareholders …

By Peter Frontini SAO PAULO – Brazilian stock exchange operator B3 reported on Thursday its recurring net profit for the fourth quarter grew by 6.0%, but was slightly below analysts’ …

By Devik Jain, Bansari Mayur Kamdar and Sinéad Carew – All three of Wall Street’s major indexes advanced more than 1% on Thursday as investors considered the Federal Reserve’s path …

By Kylie Madry and Valentine Hilaire MEXICO CITY -Mexican airline Grupo Aeromexico said on Thursday that it has emerged from bankruptcy protection, adding it now plans to spend $5 billion …

By Andrea Shalal WASHINGTON – PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official …

By Lisa Baertlein and Aishwarya Nair -U.S. delivery firm FedEx Corp posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground …

By Tina Bellon and Hyunjoo Jin AUSTIN, Texas -Electric carmaker Lucid is looking into raising prices for future models, its chief executive said on Thursday, citing “huge inflationary pressures” but …

– S&P on Thursday lowered Russia’s rating to ‘CC’ from ‘CCC-‘, as the country reported difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds. Russia’s payment woes …

By Svea Herbst-Bayliss, David French and Krystal Hu NEW ORLEANS – Mergers and acquisitions activity has tailed off after a record-breaking 2021, as the war in Ukraine adds to a …

(Corrects to say 98.75 ‘pence’, not ‘pounds’, in paragraph 5) -U.S. private equity firm Sycamore Partners is weighing a takeover bid for the British fashion retailer Ted Baker, Sky News …