Financial News

OTTAWA – Canadian home price gains accelerated again in February from January, climbing 1.5% on the month as prices rose in nine of the 11 major markets, data showed on …

WASHINGTON -The federal judge hearing the Justice Department’s fight to block UnitedHealth Group’s $8 billion deal to buy Change Healthcare said on Thursday that the trial would start on August …

TOKYO – Japan’s Mitsubishi Corp is confident that the three offshore wind farms it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, …

– A Russian court on Thursday overturned a ruling that would have barred Samsung Electronics importing and selling 61 models of smartphones in Russia over an intellectual property lawsuit that …

BEIJING – China will focus on boosting market expectations and confidence by relying on standard, transparent, predictable supervision to promote a steady economy, the country’s market regulator said in a …

WASHINGTON – Production at U.S. factories accelerated in February, shrugging off a continued slump in motor vehicle output, pointing to sustained strength in manufacturing amid a healthy demand for goods …

-IT consulting firm Accenture Plc on Thursday forecast current-quarter revenue above Wall Street estimates and flagged a potential impact to its business if the ongoing Russia-Ukraine conflict continued. The upbeat …

LONDON – The Bank of England on Thursday raised interest rates for the third time in a row, a day after U.S. rates were lifted for the first time since …

By Oliver Hirt and Brenna Hughes Neghaiwi ZURICH – Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association estimates, as sanctions on Russia …

WASHINGTON – U.S. homebuilding rebounded sharply in February as the drag from cold weather eased, and while permits fell, they remained at higher levels, suggesting an acute shortage of houses …

By Silke Koltrowitz ZURICH – Swiss watchmaker Swatch Group does not expect a material negative impact on its sales or regarding access to raw materials following Russia’s invasion of Ukraine, …

NEW YORK – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and …

(Corrects location of Glenmede to Philadelphia, Pennsylvania) NEW YORK -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would …

By Yadarisa Shabong and Pushkala Aripaka – Cineworld expressed confidence on Thursday that a meatier slate of movies in 2022 would help the British cinema chain bounce back from a …

MILAN – Swiss bank Credit Suisse has upgraded Chinese stocks to ‘overweight’ following a recent commitment by the country’s policymakers to support the economy. “We think that Chinese equities offer …

By Simon Jessop LONDON -Swiss Re, the world’s second biggest reinsurer said it would no longer insure most new oil and gas projects following mounting pressure on big business to …

By Tim Kelly and Shinji Kitamura TOKYO -Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an …

LONDON – The British pound reversed its earlier gains and fell on Thursday, as investors interpreted a Bank of England 8-1 vote in favour of raising interest rates by 0.25% …

By Josh Horwitz and Martin Quin Pollard SHANGHAI/BEIJING – To keep factory lines open in the face of COVID curbs Chinese firms are asking workers to eat, sleep and work …

By Makiko Yamazaki – A Toshiba Corp independent director broke ranks with the company board’s public stance on Thursday, saying he would back a shareholder proposal at next week’s extraordinary …

PARIS – U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday. The complaint, …

COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and …

MILAN – Telecom Italia (TIM) this week began a dialogue with U.S. private equity fund KKR over a takeover approach which has been put on hold since last November, sources …

TOKYO -Toyota Motor Corp is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage …

FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central …