Financial News

MILAN – Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year to well above pre-pandemic levels …

ZURICH – CPI Property Group said it had won control of a majority stake in Austrian real estate group Immofinanz via a tender for the company’s shares and convertible bonds …

MOSCOW -President Vladimir Putin said on Thursday he had no other option but to order what he has called a special operation against Ukraine, saying all of Moscow’s previous attempts …

By Katanga Johnson WASHINGTON – The head of the U.S. Chamber of Commerce joined a chorus of outrage against Moscow’s operation to “demilitarize” its neighbor on Thursday, calling Russia’s invasion …

-Russia’s invasion of Ukraine by land, air and sea threatens to disrupt exports of commodities such as grains and oilseeds from both countries, while the prospect of toughened sanctions against …

– Russia invaded Ukraine by land, air and sea on Thursday, confirming the West’s worst fears with the biggest attack by one state against another in Europe since World War …

By Francesco Canepa and Balazs Koranyi FRANKFURT -European Central Bank policymakers are gathering on Thursday for what may have become a crisis meeting as Russia’s invasion of Ukraine threatens to …

HOUSTON – U.S. liquefied natural gas producer Cheniere Energy Inc. on Thursday said high prices and an “extremely volatile” global market are driving more long-term contracts of LNG volumes. The …

-The Federal Reserve may need to raise U.S. interest rates four or more times this year if high inflation persists, Atlanta Federal Reserve bank President Raphael Bostic said on Thursday, …

By Kylie Madry MEXICO CITY -The sale of Citigroup’s Mexican business Citibanamex could be done directly or through an initial public offering (IPO), the head of the Mexican business said …

By Gertrude Chavez-Dreyfuss and Hannah Lang NEW YORK – Stablecoins, which are virtual tokens pegged to traditional currencies such as the U.S. dollar, held gains on Thursday in the midst …

By Christoph Steitz and Essi Lehto FRANKFURT/HELSINKI -Shares in German utility Uniper and largest shareholder Fortum <FORTUM.HE>, which both run substantial businesses in Russia, plummeted on Thursday following Moscow’s move …

By Nina Chestney LONDON -British and Dutch gas prices closed 40-60% higher on Thursday, along with gains in oil, European power and other commodities, after Russian forces launched an invasion …

By Carolyn Cohn LONDON – Global fund managers have been cutting back their Russian investments as they braced for the country’s invasion of Ukraine. Now hopes of any respite have …

– BlackRock Inc said on Thursday it is “monitoring the guidelines issued by regulators” after Russia invaded Ukraine. Asked about the potential impact on its investments and policies, a spokesman …

By Tom Bergin LONDON – Russia’s invasion of Ukraine has stepped up pressure for tougher economic sanctions on Moscow, including potentially shutting the country out of SWIFT – the world’s …

By Jonnelle Marte – The conflict unfolding in Ukraine could have an effect on the U.S. economy in the medium term and should be factored in as Federal Reserve policymakers …

By Stephanie Kelly NEW YORK -U.S. crude stockpiles rose sharply, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.     Crude inventories rose …

SAN FRANCISCO -U.S. safety regulators said they are investigating 1,732,000 Honda Motor vehicles over reports of inadvertent braking that increases the risk of a collision. The probe comes a week …

FRANKFURT – The “shock of war” has clouded the outlook for the economy just as inflation was taking hold in the euro zone and allowing the European Central Bank to …

By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, indicating that the labor market recovery was gaining …

ZURICH – Food group Nestle said it has temporarily closed its factories, warehouses and supply chain in Ukraine following the Russian invasion. “Ensuring the safety and protection of our employees …

– The Federal Reserve is closely watching the situation in Ukraine for any economic or financial impacts on the United States, Atlanta Federal Reserve bank President Raphael Bostic said on …

– An administrative law judge dismissed a Federal Trade Commission antitrust complaint against tobacco company Altria Group Inc. and electronic cigarette maker JUUL Labs Inc., the FTC said on Thursday. …

– The Federal Reserve should reduce its balance sheet earlier in the policy tightening cycle and more rapidly than the last time it did so, San Francisco Federal Reserve Bank …