Financial News

By Ben Klayman – Global auto and truck makers, including U.S. automaker General Motors Co and Germany’s Daimler Truck, on Monday suspended some business in Russia following that country’s invasion …

By Amruta Khandekar and Blake Brittain – Arbutus Biopharma Corp on Monday sued Moderna Inc in Delaware federal court, claiming Moderna’s COVID-19 vaccine infringes its patents. Arbutus and Genevant Sciences …

By Sujata Rao and Lewis Krauskopf LONDON/NEW YORK -Money managers are scanning roiled global markets for bargains after unprecedented Western sanctions propelled Russia into a full-blown crisis, sent oil prices …

– Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as the country faced deepening economic isolation, but its governor said sanctions …

By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON -The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions …

By Carolyn Cohn, Saeed Azhar and David Henry LONDON/NEW YORK -Banks around the world were winding down relationships with a host of Russian banks as they put Western sanctions against …

By Kate Abnett BRUSSELS -Energy ministers from European Union countries on Monday agreed to urgently link a European power system to Ukraine’s grid, a move that would increase its independence …

-Jefferies Financial Group Inc will donate all of its global net trading revenue on March 2 to Ukranian humanitarian relief, Chief Executive Officer Richard Handler said in an Instagram story …

PARIS -Monaco, a tax haven often favoured by the super-wealthy, will proceed with freezing assets and imposing sanctions on certain Russians following President Vladimir Putin’s invasion of Ukraine, the Monaco …

MOSCOW/LONDON -Buyers of Russian oil have faced difficulties over payments and availability of vessels after imposition of Western sanctions against Moscow over Ukraine, traders said on Monday, while BP Plc …

-U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 …

LONDON – Tough Western sanctions on Russia and rhetoric from Moscow have raised doubts about whether the Russian government and the country’s companies will continue to make payments on their …

By Saqib Iqbal Ahmed NEW YORK -The Russian rouble plunged and the euro nursed losses against the U.S. dollar on Monday as the West ramped up sanctions against Russia over …

By Tommy Wilkes LONDON -Russia is very likely to default on foreign debt and its economy will suffer a double digit contraction this year after the West launched sanctions unprecedented …

(Corrects net profit figure) BOGOTA – Net profit at Grupo SURA, Colombia’s largest investment company, rose to 406.7 billion pesos ($103 million) from the 61.3 billion pesos net loss reported …

NEW YORK – Major banks are talking with government officials to be clear on how sanctions against Russia should work, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said …

– Citigroup became the latest bank to be probed by the U.S. Securities and Exchange Commission in an industry-wide enquiry over employees using communication channels not approved by the company, …

WASHINGTON – White House economic adviser Cecilia Rouse said on Monday that the biggest U.S. economic risk from Russia’s invasion of Ukraine is from higher gasoline prices, and the depth …

By Huw Jones LONDON -Europe’s financial market on Monday began severing Russia’s ties to its critical plumbing for trading, clearing and settling securities as sanctions on Moscow started to bite. …

By Daphne Psaledakis, Andrea Shalal and Steve Holland WASHINGTON – The United States on Monday imposed sanctions on Russia’s central bank and other sources of wealth, dealing a crushing blow …

By Tom Wilson LONDON – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western …

FRANKFURT – The European Central Bank should hold off on removing any more stimulus for now as the war in Ukraine raises uncertainty and the bank still needs evidence that …

By Christoph Steitz and Markus Wacket FRANKFURT – German Chancellor Olaf Scholz and economy minister Robert Habeck on Sunday mapped out potentially radical changes to the country’s energy system, going …

By Lucia Mutikani WASHINGTON – The U.S. trade deficit in goods widened sharply to a record high in January amid an increase in imports as businesses continued to replenish depleted …

By Adriana Barrera and Ana Isabel Martinez MEXICO CITY -Mexican state oil company Pemex reported a $6.05 billion fourth-quarter net loss on Monday, driven by higher taxes and currency exchange …