Financial News

By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on …

FRANKFURT -BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year even …

By Dominique Vidalon PARIS -Casino shares slumped on Friday after the supermarket group reported a 12% drop in operating profit on lower sales last year and reignited investor concerns over …

MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping …

LONDON – Virgin Atlantic said on Friday it would avoid Russian airspace, meaning flights between Britain, India and Pakistan would take slightly longer. “We apologise for any inconvenience caused to …

LONDON -British Airways-owner IAG is not experiencing the same degree of issues as Qatar Airways with surface degradation of paint on the Airbus A350 jets it operates, Chief Executive Luis …

MOSCOW – Russia has banned British airlines from landing at its airports or crossing its airspace, its state civil aviation regulator said on Friday. The move follows London’s ban on …

BEIJING – The container shipping arm of China’s COSCO Shipping said on Friday that it will stop accepting new bookings for cargoes to and from Ukraine, the latest shipping group …

BEIJING – China’s Dalian Commodity Exchange said on Friday that it would raise intraday transaction fees for some contracts of soybean, soyoil, palm oil, coking coal and coke futures, according …

By James Davey and Aby Jose Koilparambil – British department store retailer John Lewis will this summer abandon the “Never Knowingly Undersold” price pledge it has maintained since 1925, it …

By Christoph Steitz and Jan Schwartz FRANKFURT -Porsche’s potential initial public offering (IPO) could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker’s …

FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual …

LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine. The suspension means that VTB …

MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, …

ROME, Feb 25 – Morale amongst Italian manufacturers and consumers fell in February, coming in below analysts’ expectations and suggesting the economy has had a sluggish start to the year, …

By Tetsushi Kajimoto TOKYO -Toyota Motor Corp has accepted labour union pay demands, Toyota CEO Akio Toyoda told reporters late Thursday, wrapping up annual wage negotiations with unusual speed amid …

BEIJING -China will step up policy support to stabilise the economy, Xinhua news agency quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. …

MOSCOW – Russia’s central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer at a “fine-tuning”, three-day repo …

PARIS -French Finance Minister Bruno Le Maire said on Friday the option of cutting off Russia from the SWIFT global interbank payments system remained open, but that he viewed this …

TOKYO – The Bank of Japan (BOJ) said on Friday it had decided to reduce the maximum amounts of commercial paper (CP) and corporate bonds it can buy in a …

ATHENS – Piraeus Bank, one of Greece’s four largest lenders, said on Friday its operations in Ukraine comprise a financial institution, JSC Piraeus Bank ICB, and investments in real estate …

– Spanish travel booking group Amadeus posted on Friday a second consecutive profitable quarter since the start of the coronavirus pandemic, helped by stronger demand as travel curbs were partly …