Financial News

By Ron Bousso, Julia Payne and Dmitry Zhdannikov LONDON – Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched …

By Yuka Obayashi and Noah Browning TOKYO – The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of …

By Howard Schneider – The Federal Reserve’s plan to end the loose money policies used to fight the coronavirus pandemic is facing an unexpectedly early test as the Russian invasion …

By David Lawder WASHINGTON -The World Bank is pushing for “fast-track” approval of an additional $350 million loan for Ukraine within days, to provide emergency cash for its efforts to …

-Apple Inc said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine. “We are deeply concerned about the Russian invasion of …

By Paresh Dave OAKLAND, Calif. -Alphabet Inc’s Google confirmed on Tuesday that it had removed Russian state-funded publishers such as RT from its news-related features, including the Google News search …

By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is …

MOSCOW – Deals with securities or real estate, or provision of rouble loans involving entities from countries unfriendly to Russia will require special authorisation from March 2, the Kremlin said …

By Rod Nickel WINNIPEG, Manitoba -Canada’s Nutrien Ltd, the world’s biggest fertilizer producer, said on Tuesday that Russia’s invasion of Ukraine could result in prolonged disruptions to the global supply …

By Luc Cohen NEW YORK – A fugitive Malaysian financier said he won support from allies of former U.S. President Donald Trump for a possible settlement of a probe into …

-General Motors Co said on Tuesday it sold its stake in electric vehicle startup Lordstown Motors Corp. GM spokesman Jim Cain said the Detroit automaker sold its 7.5 million shares …

By John McCrank and Davide Barbuscia NEW YORK – U.S. investors holding Russian assets are finding themselves in an increasingly difficult position on working out how to ditch them. The …

– Trustees of the New York City police pension fund voted on Tuesday to divest Russian company securities, supporting a resolution brought by city Comptroller Brad Lander, his office said. …

By Dhara Ranasinghe, Sujata Rao and Saikat Chatterjee LONDON – The U.S. Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates this …

By Sabrina Valle HOUSTON -Chevron Corp Chief Executive Officer Michael Wirth on Tuesday expressed concern over the “tragic situation” unfolding in Ukraine, forcing oil companies to make “very difficult decisions” …

By Hannah Lang – U.S. regulators can largely use existing laws to bring digital assets such as cryptocurrencies under their supervision without new congressional legislation, one of Washington’s most influential …

BOSTON – Fidelity Investments on Tuesday said more than 92% of its mutual funds do not have any investment in Russian securities, as of the latest disclosures. In a statement …

By Pete Schroeder WASHINGTON -The Federal Reserve on Tuesday proposed a tiered framework for reviewing applications to obtain a master account with the U.S. central bank as part of an …

By Bianca Flowers -Harley-Davidson Inc said on Tuesday it had suspended its business and shipments of its bikes to Russia following that country’s invasion of Ukraine last week. The attack …

By Luc Cohen and Jody Godoy NEW YORK -Former Goldman Sachs banker Tim Leissner, the prosecution’s star witness in a criminal trial tied to Malaysia’s 1MDB sovereign wealth fund, admitted …

By Pratima Desai LONDON -The potential for disruptions to Russian commodity supplies has thrown a spotlight on the metal used in the aerospace, marine and auto industries. The United States …

FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground there. The company also said …

By Paresh Dave – Alphabet Inc’s Google and Facebook owner Meta Platforms Inc are among internet companies facing possible punitive measures in Russia after failing to open local offices and …

-DirecTV, the largest satellite provider in the United States, said on Tuesday it was planning to drop Russian media outlet RT America from its line-up in response to Moscow’s invasion …

By Lucia Mutikani WASHINGTON – U.S. manufacturing activity picked up more than expected in February as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled …