Financial News

By Jamie Freed, Tim Hepher and Rajesh Kumar Singh -Airlines scrambled to adapt to conflict in Europe on Thursday as Ukraine closed its airspace, fuel prices soared and carriers were …

By Dmitry Zhdannikov and Julia Payne LONDON -The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure …

– U.S. agricultural commodities trader Archer-Daniels-Midland Co said on Thursday it has shuttered its facilities in Ukraine, including an oilseed crush plant and a grain export terminal, after the country …

By Stephanie Kelly NEW YORK – Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia’s attack on …

By Kylie MacLellan, William James and Elizabeth Piper LONDON -Prime Minister Boris Johnson unveiled Britain’s largest-ever package of sanctions against Russia on Thursday, targeting banks, members of President Vladimir Putin’s …

WASHINGTON – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest banks and members of the elite in new …

WASHINGTON -The Institute of International Finance, the largest international banking group, said on Thursday that U.S. sanctions on Russia will have a sizeable impact on Russia’s economy and citizens and …

By Praveen Menon WELLINGTON – Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Friday that countering inflation pressures early prevent the need for even higher rates in …

By Vivek Mishra BENGALURU – Soaring house prices in New Zealand will grind to a halt this year and Australia will follow suit in 2023 as expected higher interest rates …

By Vivek Mishra BENGALURU – Australia’s central bank will raise interest rates for the first time in over a decade in the third quarter, slightly earlier than thought a month …

– Norwegian Cruise Line Holdings Ltd said on Thursday Russia’s invasion of Ukraine has forced it to alter itineraries and cancel sailings to ports in the countries. The U.S. cruise …

By Chuck Mikolajczak NEW YORK – The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low on Thursday after …

– Ride-hailing app provider Lyft Inc said on Thursday it is offering its employees in Ukraine financial support for emergency supplies or to temporarily move, along with increased time off, …

BERLIN – Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon …

– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs …

By Howard Schneider and Jonnelle Marte – U.S. Federal Reserve officials on Thursday began taking stock of how the unfolding conflict in Ukraine might influence the economy and their planned …

By Herbert Lash NEW YORK – Investors piled into U.S. government debt on Thursday, pushing Treasury yields sharply lower, after Russia invaded Ukraine, but early declines narrowed as investors assessed …

-The Democrat heading the Senate Banking Committee will try again next Wednesday to advance President Joe Biden’s slate of nominees to the U.S. Federal Reserve who have been held up …

WASHINGTON – U.S. President Joe Biden said on Thursday that Russia’s second largest lender VTB is among the Russian banks that will be sanctioned as a result of the conflict …

MONTREAL -Canadian planemaker Bombardier said on Thursday it is checking whether any of its customers could be subject to sanctions following Russia’s invasion of Ukraine. Bombardier Chief Executive Eric Martel, …

COLONIAL HEIGHTS, Va. – If the conflict in Ukraine leads to sustained high oil prices it could hit U.S. consumer spending and pose a possible risk to U.S. economic growth, …

By Elizabeth Dilts Marshall – Citigroup Inc said on Thursday it will eliminate all overdraft, returned item and overdraft protection fees by this summer, the first big U.S. retail bank …

NEW YORK/LONDON – Russia’s access to global capital markets was likely to be limited by further international sanctions after the country’s forces invaded Ukraine on Thursday, putting funds with exposure …

MOSCOW – Russia’s second-largest lender VTB, the subject of a round of British sanctions, has prepared for the toughest scenario and worked through several plans to minimise the impact on …

By Alexander Marrow and Andrey Ostroukh MOSCOW – The rouble bounced off all-time lows on Thursday as the central bank announced FX interventions and stocks plummeted, bracing for harsh sanctions …