Financial News

By Stephanie Nebehay GENEVA -Swiss President Ignazio Cassis said on Sunday that it was “very probable” that neutral Switzerland would follow the European Union (EU) on Monday in sanctioning Russia …

SINGAPORE – Commodities trader Olam International is focused on completing the IPO of its food ingredients unit in the second quarter but it is also tracking market movements to see …

By Saikat Chatterjee and Dhara Ranasinghe LONDON -Russia’s invasion of Ukraine has upended several popular trades, inflicting heavy losses on investors bullish on European stocks and the euro and also …

By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE -Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks …

BEIJING – China’s factory activity likely contracted in February on slower production after the Lunar New Year holiday and Winter Olympics, with Beijing expected to unveil more stimulus measures at …

– Goldman Sachs expects a rise in the prices of commodities that Russia is a major producer of and lifted its short-term Brent crude forecast as the West stepped up …

By Allison Lampert and David Shepardson -European nations and Canada moved on Sunday to shut their airspace to Russian aircraft, an unprecedented step aimed at pressuring President Vladimir Putin to …

By Daniel Leussink TOKYO – Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, …

By Sam Nussey TOKYO – Japan’s Sega Sammy Holdings Inc is hoping to ride the fast-moving coattails of Sonic the Hedgehog as the character enjoys a renaissance amid a global …

SHANGHAI -Shares in energy firms and payment service companies rose sharply on Chinese markets on Monday as investors bet on stocks they saw potentially benefiting from the conflict in Ukraine, …

By Rich McKay – The governors of a handful of U.S. states have ordered government-run liquor stores to stop selling Russian-made vodka and distilled spirits in solidarity with the Ukrainian …

NEW YORK – The banning of certain Russian banks from the SWIFT international payment system could push central banks to enhance liquidity to offset missed payments, a Credit Suisse strategist …

By Daniel Leussink TOKYO – Japan’s factory output shrank for the second month in January as the auto sector grappled with production suspensions due to the pandemic, with Russia’s invasion …

BERLIN – E.ON, Europe’s largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the …

By Matt Scuffham, David Henry and Pete Schroeder NEW YORK/WASHINGTON – Senior management and compliance teams at major banks were working around the clock this weekend to understand the raft …

By Wayne Cole SYDNEY – Australian retail sales were surprisingly strong in January as shoppers weathered a surge in Omicron cases with aplomb, suggesting the economy maintained considerable momentum into …

By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks …

FRANKFURT – Several European subsidiaries of Sberbank Russia, majority owned by the Russian government, are failing or likely to fail due to reputational cost of the war in Ukraine, the …

By Chen Aizhu and Dmitry Zhdannikov LONDON -China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global …

By Andrew MacAskill and Catherine Belton LONDON – VTB Capital last week lowered a large Russian flag at its palatial building opposite the Bank of England in London’s financial district, …

By Elizabeth Culliford NEW YORK/MOSCOW – As Russian missiles rained down on Ukrainian cities, another battle took place online and over the airwaves. Moscow ramped up efforts to control the …

WASHINGTON -U.S.-based United Parcel Service Inc and FedEx Corp, two of the world’s largest logistics companies, have said they are halting delivery service to Russia and Ukraine in light of …

By Christoph Steitz, Riham Alkousaa and Maria Sheahan BERLIN -Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even …

BERLIN – Intel has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, …

SYDNEY – The Russian rouble had yet to trade officially in Asia early on Monday but was quoted on dealing sites at between 98.00 to 100.00 per dollar after Western …