Financial News

By Tetsushi Kajimoto and Kantaro Komiya TOKYO -Japan will join the international sanctions on Russia’s central bank by limiting transactions with it, Prime Minister Fumio Kishida said on Monday, after …

LONDON – The Bank for International Settlements, the umbrella body for central banks worldwide, said on Monday it would not be an avenue for any circumvention of powerful Western sanctions …

– The European Union has imposed several packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”, with some measures the bloc has never applied …

By Yoruk Bahceli – Market-based inflation gauges are flashing red as the war in Ukraine threatens to exacerbate already high energy prices, pushing investors to seek protection in the inflation-linked …

By Nate Raymond -Viatris Inc, the drugmaker formerly known as Mylan, said on Monday it had agreed to pay $264 million to resolve a class action lawsuit alleging it engaged …

BERLIN – Daimler Truck said on Monday it would freeze its business activities in Russia with immediate effect, including its cooperation with Russian truck maker Kamaz. No more trucks will …

MOSCOW – The Kremlin on Monday said Russia’s economic reality had changed but saw no reason to doubt the effectiveness and reliability of the central bank, which hiked interest rates …

By Lisa Pauline Mattackal – Visa Inc, the world’s largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for small-and-medium-sized businesses in Latin America …

By James Davey LONDON -Associated British Foods said on Monday the outlook for its Primark fashion business was improving, though it cautioned its food businesses were facing increasing inflationary pressures. …

PARIS – Qatar Airways confirmed on Monday it had grounded another A350 jet in a dispute with Airbus over gradual degradation to the surface of the long-haul jets, bringing the …

MOSCOW – Moscow will retaliate against Western sanctions targeting Russia’s aviation industry over the invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said on Monday. “The guiding principle will be reciprocity, …

STOCKHOLM -Swedish truck maker AB Volvo has halted all its production and sales in Russia due to the Ukraine crisis, the company said on Monday. Volvo Group generates roughly 3% …

By Hyonhee Shin and Cynthia Kim SEOUL -South Korea will tighten export controls against Russia by banning shipments of strategic items and join Western countries’ moves to block some Russian …

TOKYO – Panasonic Corp said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc before the end of March 2024 at a plant in …

-Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant Rosneft over the weekend following …

PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on Russia after its attack on …

MOSCOW – Russia’s dominant lender Sberbank on Monday said it had opened an additional reserve line for its subsidiary banks in Belarus and Kazakhstan, as it grapples with sanctions and …

OSLO – Norwegian Air has signed lease agreements with AerCap for 10 new Boeing 737-800 MAX 8 aircraft ahead of the European summer season of 2023, the airline said on …

MOSCOW – Daimler Truck has suspended all cooperation with Russia’s largest truckmaker Kamaz, Germany’s Handelsblatt daily reported on Monday, in the face of severe criticism following Russia’s invasion of Ukraine. …

DUBLIN – Bank of Ireland on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it plans to return of 104 …

By Satoshi Sugiyama and Maki Shiraki SODEGAURA, Japan – Toyota Motor Corp, a late-comer to the battery electric vehicle (BEV) market, is weaving in all efforts to make sure its …

LONDON – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan said on Monday. “If these …

-Russia’s invasion of Ukraine has wide-ranging implications for the economy and financial markets. Oil’s spike above $100 a barrel may exacerbate inflation and hurt economic growth. But expect no extra …

A look at the day ahead in markets from Julien Ponthus. Francis Fukuyama’s bestseller “The End of History and the Last Man” was published 30 years ago and popularised the …

BEIJING – China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data …