Financial News

By Muyu Xu and Chen Aizhu BEIJING/SINGAPORE – Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions …

PARIS – TotalEnergies said it will no longer provide capital for new projects in Russia. “TotalEnergies supports the scope and strength of the sanctions put in place by Europe and …

ZURICH – Credit Suisse’s Private Banking Switzerland will be part of its Swiss business from April 1 rather than of the newly created wealth management unit, the bank said in …

PRAGUE – Czech carmaker Skoda Auto, part of Volkswagen, will limit some production at its domestic plants due to supply shortages after Russia’s invasion of Ukraine, while it said its …

-YouTube is blocking channels connected to Russian state-backed media outlets RT and Sputnik across Europe effective immediately, due to the situation in Ukraine, the company operated by Alphabet Inc’s Google, …

A look at the day ahead in markets from Sujata Rao. Well-known emerging market commentator Tim Ash at BlueBay Asset Management noted it took a week for Fortress Russia to …

By Rajendra Jadhav MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil …

By Satoshi Sugiyama, Maki Shiraki and Tim Kelly TOKYO – Toyota Motor Corp will restart domestic production from Wednesday after a cyberattack on a supplier ground the automaking giant’s factories …

MOSCOW – Hyundai Motor Co will suspend its car assembly plant in Russia’s St Petersburg on March 1-5 due to supply chain interruptions, Interfax newsagency reported on Tuesday, citing a …

– Russian manufacturing activity shrank in February as new orders fell for the first time in six months as businesses felt the impact of the COVID-19 pandemic, a survey showed …

TOKYO – Japanese automaker Mitsubishi Motors , said on Tuesday that it may suspend production and sale of its cars in Russia as economic sanctions imposed on Russia could trigger …

TOKYO – Japan and the United States pledged on Tuesday to work together to force Russia to “pay the high price” for its invasion of Ukraine, Finance Minister Shunichi Suzuki …

BEIJING -A top Chinese official warned on Tuesday that China’s economy faces multiple challenges at home and abroad this year, including “huge” pressure from uncertainty over global trade and from …

By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI – India’s top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion …

By Byron Kaye SYDNEY -An Australian government agency filed a lawsuit on Tuesday accusing casino operator Crown Resorts Ltd of “serious and systemic noncompliance” with anti-money laundering laws, complicating a …

– The U.S. Federal Trade Commission (FTC) is gearing up for a potential antitrust lawsuit challenging Amazon.com Inc’s $8.5 billion takeover of MGM Studios, the Information reported on Monday, citing …

By Dawn Chmielewski – Streaming media company Roku is removing the app for Russian state television network Russia Today from its Roku Channel Store in Europe, a person familiar with …

BEIJING -China’s factory activity expanded slightly in February as new orders improved, pointing to some resilience in the world’s second-largest economy even as downward pressure builds and Russia’s invasion of …

BALTIMORE – The United States is watching Monday’s vote on a new union at Mexico’s Tridonex auto parts plant very closely, U.S. Trade Representative Katherine Tai told reporters, saying the …

TOKYO – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans. Senior executive Taro Shimada, …

– Several major U.S. companies are dropping their mask requirements for customers and employees who are fully vaccinated as the pace of COVID-19 infections declines in the country. A few …

BEIJING – Activity in China’s services sector grew at a faster pace in February, official data showed on Tuesday. The official non-manufacturing Purchasing Managers’ Index (PMI) was at 51.6 in …

By Wayne Cole SYDNEY – Australia’s trade performance last quarter was much less of a drag on the economy than first thought implying upside risk for growth, even as imports …

By Joori Roh SEOUL -South Korea’s trade sector swung back to a surplus in February from a record deficit a month earlier, powered by stronger-than-expected growth in exports, but the …