Financial News

By Samuel Shen and Andrew Galbraith SHANGHAI -As western governments ratchet up sanctions against Russia over its invasion of Ukraine, Moscow’s emerging markets allies are exploring channels for trade and …

By Cynthia Kim and Joori Roh SEOUL – Lee Jae-hong would have had no trouble buying a home in the suburb of Ilsan on the outskirts of Seoul back in …

TOKYO, Mar 1 – Japan’s manufacturing activity growth slowed to a five-month low in February, as the Omicron variant of the coronavirus pandemic and raw material shortages hurt firms’ output, …

By Valentine Hilaire and Kylie Madry MEXICO CITY – Mexican bottler and retailer Femsa plans to increase the number of its Oxxo convenience stores by as much as 50% across …

By Devik Jain and Noel Randewich – The S&P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western …

By Devayani Sathyan BENGALURU – Malaysia’s central bank will wait until the third quarter before raising interest rates from a record low to support an uneven economic recovery, according to …

By Tetsushi Kajimoto TOKYO – Over the last five years Yokohama-based Lasertec Corp has delivered what much of Japan Inc hasn’t in decades: big pay rises. The maker of chip-measuring …

-Zoom Video Communications Inc forecast full-year revenue and profit below Wall Street estimates on Monday, signaling a hit from tough competition and lower sign ups for its core Meetings platform. …

By Sujata Rao and Karin Strohecker LONDON -Russia’s stock market is “uninvestable” after stringent new Western sanctions and central bank curbs on trading, making a removal of Russian listings from …

– Commonwealth Bank of Australia, the country’s No. 1 lender, said it would sell a 10% stake of China’s Bank of Hangzhou for about A$1.8 billion ($1.31 billion), exiting a …

By Tetsushi Kajimoto TOKYO – Every March, management of Japan’s blue-chip firms meet with unions for wage talks across industries that set the tone for employees’ pay in the new …

By Wayne Cole SYDNEY – Australian home prices extended their long ascent in February, though Sydney saw the first dip in 17 months as a rush of supply, rising mortgage …

By David Shepardson WASHINGTON -The Federal Aviation Administration (FAA) said on Monday it is expanding the use of independent safety expert groups to review new designs and technologies in certifying …

(Corrects headline to strategic “review”, from “options”) – Albertsons Cos Inc said on Monday it had started a review of potential strategic alternatives, including financial deals, nearly two years after …

SAN FRANCISCO – Luxury electric car maker Lucid Group on Monday revised down its production forecast for this year due to “extraordinary supply chain and logistics challenges,” knocking its shares …

By Dhara Ranasinghe, Saikat Chatterjee and Gertrude Chavez-Dreyfuss LONDON/NEW YORK -The cost of raising U.S. dollar funds in the euro swaps market rose sharply on Monday after Western nations ramped …

By Jamie Freed, Alexander Cornwell and Tim Hepher -Aircraft leasing firms are set to terminate hundreds of leases with Russian airlines following Western sanctions over the invasion of Ukraine https://www.reuters.com/world/europe/russias-isolation-deepens-ukraine-resists-invasion-2022-02-28 …

By Ron Bousso, Dmitry Zhdannikov, Carolyn Cohn and Saeed Azhar -Energy giants BP and Shell, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list …

FRANKFURT -A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the …

– Atos is entering “a pivotal year” after facing a series of setbacks in 2021, the head of the French IT consulting group said on Monday. The firm, which lost …

– Uber Technologies Inc said on Monday it would remove the company’s three executives on the board of its joint venture with Russia’s Yandex, as more western companies distance themselves …

By Susan Heavey and Alex Lawler WASHINGTON/LONDON -The United States and its allies are weighing a coordinated release of oil reserves amid soaring prices and tightening supplies after Russia invaded …

By Nelson Bocanegra BOGOTA -Colombian magnate Jaime Gilinski on Monday became the largest shareholder in investment holding company Grupo SURA through a public acquisition offer, according to figures published by …

By Dhara Ranasinghe and Gertrude Chavez-Dreyfuss LONDON/NEW YORK – Investors further reduced bets on Monday for interest rate hikes from major central banks this year, as the West ramped up …

By Bianca Flowers – Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said …