Financial News

By Carolyn Cohn and Saeed Azhar LONDON – British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according to a …

By Ron Bousso and Dmitry Zhdannikov LONDON – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in …

– 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 …

– Citigroup Inc named Titi Cole as the chief executive officer of its legacy franchises segment, primarily consisting of the consumer businesses that the bank’s set to exit soon, according …

By David Henry NEW YORK – Citigroup Inc Chief Financial Officer Mark Mason and investment banking head Paco Ybarra have tested positive for COVID-19, forcing the company to hold its …

LONDON – Major Western economies have launched moves to exclude Russian banks from the main global payments system while imposing curbs on Russia’s central bank to undermine its ability to …

By Tim Hepher and Alexander Cornwell PARIS/DUBAI -Airbus hit back in an escalating dispute with Qatar Airways over A350 jets on Monday, asking a British judge to award $220 million …

By Rithika Krishna and Laura Sanicola -Chevron Corp is buying biodiesel maker Renewable Energy Group Inc for $3.15 billion, in its biggest bet so far on alternative fuels. The second-biggest …

MILAN – Italy’s Defence Ministry has given its green light to a 380 million euro ($425.94 million) contract with a consortium of companies including Italian aerospace and defence group Leonardo, …

AMSTERDAM – The Dutch antitrust regulator on Monday issued a sixth weekly fine of 5 million euro ($5.7 million) against Apple for failure to comply with an order to open …

– Retailer Target Corp said on Monday it would spend $300 million more in the next year improving starting salaries and healthcare for its vast army of employees as it …

BERLIN – The environmental ministry in the German state of Brandenburg is in the final phase of the approval process for Tesla’s planned factory, a spokesperson said on Monday. Tesla …

BARCELONA – China’s Huawei launched seven new “Smart Office” products, including a top-end laptop and its first printer and e-ink tablet, on Sunday, underlining its commitment to consumers after U.S. …

By Tom Wilson LONDON – Ukraine’s government has raised cryptocurrency worth almost $13 million after posting appeals on social media for donations of bitcoin and other digital tokens, data from …

By Foo Yun Chee and John Chalmers BRUSSELS -Alphabet unit Google and its subsidiary YouTube, Facebook and Twitter must do more to tackle disinformation related to Russia’s invasion of Ukraine, …

-The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and authorities told export-focused companies to sell foreign currency as the …

BEIJING -Swedish automaker Volvo Cars said on Monday it will suspend car shipments to the Russian market until further notice, becoming the first international carmaker to do so as sanctions …

– Russia has a system that can replace the SWIFT international payments system internally, Central Bank Governor Elvira Nabiullina said on Monday, stressing the need to support clients of banks. …

– The Russian central bank, which raised its key rate to 20% in an emergency move, did not carry out foreign currency interventions on Monday due to the latest Western …

By Lisa Barrington and Saeed Azhar DUBAI – A global financial crime watchdog will decide this week whether the United Arab Emirates has made enough progress to avoid landing on …

(Corrects fourth paragraph to make clear there was no indication of customer data involved) – U.S.-listed satellite communications firm Viasat Inc said on Monday it was investigating a suspected cyberattack …

By Clyde Russell LAUNCESTON, Australia -BP’s decision to abandon its stake in oil giant Rosneft is the first high-profile example of the self-sanctioning by companies of their business links to …

WASHINGTON – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely to drive Russian inflation higher, …

By Karen Braun FORT COLLINS, Colo. -Chicago grain and oilseed futures made a huge run early last week as tensions rapidly escalated between Russia and Ukraine, but it did not …

By Andy Bruce LONDON -The British public’s expectations for inflation over the next five to 10 years hit a joint record high in February, according to a survey that is …