Financial News

– Top asset manager BlackRock Inc said on Tuesday it is consulting with regulators, index providers and other market participants “to help ensure our clients can exit their positions in …

HAMBURG – Europe’s largest carmaker Volkswagen on Tuesday warned of production cuts at some of its plants including the one in Wolfsburg as Ukraine-based suppliers have been facing difficulties delivering …

By Huw Jones and Karin Strohecker LONDON -SWIFT said on Tuesday it was waiting to see which banks authorities want disconnected from its global financial messaging system as sanctions in …

MOSCOW – Queues of people snaked through Moscow shopping malls on Tuesday as the scramble for hard currency continued, and Russians faced increasing isolation as sanctions made travel harder and …

By Julie Gordon and Ismail Shakil OTTAWA -The Canadian economy mostly likely started 2022 on a strong footing, despite the impact of the Omicron variant of the coronavirus, while fourth-quarter …

By Nichola Saminather TORONTO -Bank of Nova Scotia (Scotiabank) and Bank of Montreal (BMO) joined their Canadian rivals in beating analysts’ expectations for first-quarter profits on Tuesday with both banks …

– Futures exchange operator CME Group Inc is planning to launch micro bitcoin and ether options later this month to boost its appeal among retail traders, the company said on …

By Jonathan Stempel NEW YORK -Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away …

WASHINGTON – U.S. construction spending surged in January, boosted by strong outlays on single-family homebuilding and private nonresidential structures. The Commerce Department said on Tuesday that construction spending increased 1.3%. …

By Alex Lawler LONDON – The increase in OPEC’s oil output in February exceeded the rise planned under a deal with allies for the first time since September, a Reuters …

By John McCrank NEW YORK – Nasdaq Inc and Intercontinental Exchange Inc’s NYSE have temporarily halted trading in the stocks of Russia-based companies listed on their exchanges, their websites showed. …

– Companies across Europe and United States have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as hundreds of thousands leave their homes and head …

FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to buy into a potential stock …

By Sabrina Valle and Shariq Khan HOUSTON – U.S. oil and gas producer Chevron Corp on Tuesday outlined a plan to raise buybacks and expand oil production through 2026, adding …

By Paul Lienert Mar 1 – Startup Our Next Energy said a new $65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating …

TORONTO – Canadian manufacturing activity expanded in February at the fastest pace in three months as an easing of domestic restrictions to contain the coronavirus pandemic supported a pick-up in …

By Jody Godoy – A U.S. judge has ruled that venture investor Chamath Palihapitiya, Clover Health Investments Corp and its executives must face a lawsuit that claims they misled investors …

By Gavin Jones and Giuseppe Fonte ROME – Italy’s economy grew 6.6% last year following a record contraction of 9.0% in 2020, while the budget deficit and public debt came …

By Richard Lough PARIS -French Finance Minister Bruno Le Maire declared an “all-out economic and financial war” against Russia to bring down the its economy as punishment for invading Ukraine, …

LONDON – Ministers from member countries of the International Energy Agency (IEA) are discussing the release of 60 million barrels of oil from storage in a meeting on how to …

BERLIN – German sportswear company Adidas has suspended its partnership with the Russian Football Union (RFS) with immediate effect, a company spokesperson said on Tuesday. The spokesperson did not give …

– Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a …

By Giuseppe Fonte ROME – Italy plans to set aside more than 4 billion euros ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more …

MOSCOW – Russia’s Foreign Ministry on Tuesday said a system should be created to hold western tech giants, including Meta Platforms Inc and Alphabet’s Google, responsible for what it called …

By David Lawder WASHINGTON -U.S. Treasury Secretary Janet Yellen must block Russia from exchanging the $17 billion in International Monetary Fund reserves it received last year and oppose any further …