Financial News

By Balazs Koranyi and Francesco Canepa PARIS – The European Central Bank’s chief economist Philip Lane has told fellow policymakers that the Ukraine conflict may reduce the euro zone’s economic …

By Kate Holton LONDON – Pearson launched a share buyback and set medium-term growth goals on Friday, sending its shares up 11% on hopes that the global education group had …

MOSCOW – Clients’ funds held by Russian banks that were hit with new Western sanctions are secure and are not affected by the sanctions, Deputy Central Bank Governor Vladimir Chistyukhin …

MILAN – A Milan appeals court has acquitted Stefania Truzzoli, former chief operating officer at BT Italy, of alleged false accounting at the Italian unit of British Telecom in 2015 …

FRANKFURT – The European Central Bank is ready to do whatever is needed to “ensure price stability and financial stability in the euro area”, ECB President Christine Lagarde said on …

– Ukraine’s foreign minister Dmytro Kuleba spoke with U.S. Secretary of State Antony J. Blinken via telephone about the need to use all U.S. influence on some hesitant European countries …

BRUSSELS – Excluding Russia from the global SWIFT system of interbank payments should be an option given the scale of Moscow’s invasion of Ukraine, Dutch Foreign Affairs Minister Wopke Hoekstra …

LONDON – International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine. Here’s a list of some of the companies, by region: EUROPEAN …

WASHINGTON – Contracts to buy U.S. previously owned homes dropped for a third straight month in January amid record low inventory. The National Association of Realtors (NAR) said on Friday …

HONG KONG -China Evergrande Group said on Friday it sold stakes and “right to debt” in four developments to two state-owned trust firms for 2.13 billion yuan ($337.35 million), in …

By Joan Faus BARCELONA -Cellnex remains interested in expanding into Germany Europe’s largest mobile phone tower operator said on Friday after it reported a 63% rise in adjusted core earnings …

LONDON – The London Metal Exchange (LME) on Friday ordered any of its members who have positions with individuals or entities subject to Russian sanctions not to make payments to …

WASHINGTON – The trade relationship between the United States and China is “extremely difficult and getting more difficult,” U.S. Trade Representative Katherine Tai said on Friday. Tai said she has …

– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they expect the conflict to also …

By Gleb Stolyarov MOSCOW – French carmaker Renault will suspend some operations at its car assembly plants in Russia next week due to logistics bottlenecks that have caused component shortages, …

By Joan Faus and Supantha Mukherjee BARCELONA/STOCKHOLM – There will be no Russian pavilion at the telecoms industry’s biggest annual gathering and a “handful” of Russian firms will be barred …

By Alexander Marrow and Andrey Ostroukh MOSCOW – Clients of some Russian banks under western sanctions will no longer be able to use their cards abroad or with mobile payment …

– U.S. investors purchased money market funds and withdrew cash from higher risk equity funds in the week to Feb. 23, as a rush for safety dominated markets in the …

– Tobacco giant Philip Morris International Inc said on Friday it would temporarily suspend its operations in Ukraine, including at its factory in Kharkiv, following the Russian invasion of the …

– Investors rushed for the safety of global money market funds while ditching equities for a second week in the seven days to Feb. 23 as risk aversion dominated markets …

WASHINGTON – New orders for U.S.-made capital goods increased more than expected in January, while shipments surged, suggesting an acceleration in business spending on equipment early in the first quarter, …

– Russia’s invasion of Ukraine presents a “substantial risk” to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC Automotive said in a joint …

– Dubai’s Emirates has told Airbus it will not take delivery of A350 passenger jets that it has ordered if they have surface problems similar to those reported by Qatar …

TORONTO – National Bank of Canada beat analysts’ estimates for quarterly profit on Friday, as earnings rose 23% from a year earlier, driven by strength in its wealth management and …

By Jonathan Saul LONDON – Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region …