Financial News

LONDON – Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement …

– Yum China Holdings Inc said on Thursday its board had raised the restaurant chain’s share repurchase plan by $1 billion to $2.4 billion. Shares in Yum China, which operates …

By Ross Kerber – U.S. corporations face an unprecedented wave of shareholder resolutions focused on ESG themes for 2022, a new review shows, as activists look to build on favorable …

By David Randall, Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK – Investors are racing to work out how much monetary policy tightening the economy can handle as the U.S. …

By Anna Ringstrom STOCKHOLM – H&M is selling external fashion brands on its core brand’s hm.com website for the first time in Sweden and Germany, with the intention of adding …

PARIS – The Ukraine crisis could knock more than a percentage point off global growth this year and add two and a half percentage points to inflation, the OECD estimated …

-Britain’s GSK will keep supplying essential medicines and vaccines in Russia but halt clinical trials, following sanctions against Moscow for its invasion of Ukraine, joining other drugmakers that have taken …

By Mohi Narayan NEW DELHI – India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, may avoid buying Russian fuels for its plants following Western sanctions on Moscow …

– Russian Health Minister Mikhail Murashko on Thursday said the situation with medicines was stable in Russia and that all producers were continuing to work, the RIA news agency reported. …

FRANKFURT -Austria’s Raiffeisen Bank International, one of the European banks most exposed to Russia, said on Thursday that it was studying a possible withdrawal from the country. The lender has …

By Eric Onstad LONDON – Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials …

By Lucy Raitano and Julien Ponthus LONDON -Hit by surging inflation and Russian invasion of Ukraine, European shares have sunk to their lowest level in a year on March 7, …

PARIS – European aero and defence conglomerate Airbus is interested in taking over the cybersecurity business of French software company Atos, France’s BFM TV said on Thursday, citing sources with …

By David Shepardson WASHINGTON -The U.S. Federal Communications Commission (FCC) on Wednesday voted to revoke authorization for Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet to provide U.S. …

By Samuel Shen and Kevin Buckland SHANGHAI/TOKYO – China’s top financial policymaker rescued stock markets from a bloodbath this week with a promise of stability, but plenty of investors reckon …

A look at the day ahead in markets from Julien Ponthus. Global markets surged overnight as traders hailed China’s pledge to support its economy, chased an elusive breakthrough for a …

BEIJING – China opposes a U.S. crackdown on its telecom companies, the commerce ministry said on Thursday, after a U.S. regulator stripped Pacific Networks and its ComNet unit of authorisation …

By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel …

BERLIN – New car registrations in Europe deteriorated further in February, after hitting a record low in January, as supply chain disruptions continued to hurt the automotive sector across the …

– The Russian central bank will hold a policy meeting on Friday as sanctions over Russia’s invasion of Ukraine leave the country increasingly isolated and devastate its economy. Below are …

– In March 2021, as the Bank of Russia hiked interest rates for the first time in three years, Governor Elvira Nabiullina wore a brooch in the shape of a …

By Allison Lampert -The gleaming, late-model European jet for sale was a rarity in the hot market for second-hand corporate aircraft. It was only after aviation lawyer Amanda Applegate’s client …

(This story was refiled to remove picture) By Nick Carey GAYDON, England – Aston Martin on Wednesday launched the final fossil-fuel version of its limited-run powerful V12 Vantage sports car, …

BRUSSELS – The European Union will increase tariffs on stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, including some from China under its Belt …

HONG KONG – Chinese property shares extended a rally on Thursday as the market cheered pledges by Beijing’s top economic leaders to shore up the battered real estate sector amid …