Financial News

LONDON – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a …

LONDON – Sovereign bond coupon payments that Russia was due to make on March 16 have been received by bondholders, in dollars, two market sources told Reuters on Thursday. Earlier …

By Julie Gordon and Fergal Smith OTTAWA – A commodities rally sparked by Russia’s invasion of Ukraine will push Canadian inflation higher for longer, with the headline rate now seen …

By Andy Bruce and David Milliken LONDON -The Bank of England raised interest rates again on Thursday in a bid to stop fast-rising inflation becoming entrenched, but it softened its …

– Russian oil market participants have switched their trading tactics, favouring private deals over public offerings due to new Western sanctions, traders said on Thursday. About a quarter of Russian …

By Nina Chestney, Marwa Rashad and Kate Abnett LONDON/BRUSSELS – The European Commission’s plan to cut dependence on Russian gas this year will be hard to achieve and could trigger …

By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month …

By Silke Koltrowitz ZURICH – Swiss watchmaker Zenith, owned by French luxury giant LVMH, expects to post double-digit sales growth in the first quarter, but is carefully watching the implications …

MILAN – U.S. private equity firm Carlyle Group has asked investors to submit bids for Irca in a deal valuing the Italian food ingredients maker at more than 1 billion …

By Patturaja Murugaboopathy and Simon Jessop LONDON – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and higher gas prices and energy …

– Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some …

FRANKFURT – The European Central Bank will be in no hurry to raise interest rates and any move will be gradual, ECB President Christine Lagarde said on Thursday, even as …

By Ananya Mariam Rajesh and Praveen Paramasivam – Dollar General Corp on Thursday forecast sales and profit for 2022 above estimates, as higher prices of everyday essentials make more Americans …

OSLO – Finnish utility Fortum said on Thursday it will use waste heat from two new Microsoft data centres to warm homes and businesses in and around the capital Helsinki, …

– Alnylam Pharmaceuticals Inc on Thursday filed lawsuits in Delaware federal court against Pfizer Inc and Moderna Inc, claiming their multibillion-dollar mRNA COVID-19 vaccines infringe one its patents. Alnylam said …

By Seher Dareen – Gold rose 1% on Thursday, supported by a retreat in the U.S. dollar and Treasury yields, with investors cautiously watching the developments of talks between Russia …

By Jonathan Stempel – Occidental Petroleum Corp shares rose on Thursday after Warren Buffett’s Berkshire Hathaway Inc said it spent nearly $1 billion on additional shares in the oil company, …

By Tom Westbrook and Kevin Yao SINGAPORE/BEIJING – China’s stance on Russia’s war in Ukraine over the coming months will reshape global flows of money and trade, possibly leading to …

By Julia Payne LONDON – A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for …

FRANKFURT – Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member …

By Nupur Anand MUMBAI – India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its …

WASHINGTON – The International Monetary Fund on Thursday said it was having constructive, ongoing discussions with Pakistan as part of a seventh program review of a $6 billion rescue package. …

By Scott Murdoch and Valentina Za SYDNEY/MILAN -Italian luxury yacht maker Ferretti Group is expected to kick off on Monday the process to list its shares in Hong Kong, aiming …

WASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market …

BUDAPEST -German carmaker Audi said on Thursday it was adjusting its manufacturing operations at its Hungarian factory, which accounts for a chunk of Hungary’s exports, because the war in neighbouring …