Financial News

PARIS -Russia’s invasion of Ukraine will dominate EU finance ministers’ planned talks on Friday, officials said, as the EU weighs how much the war on its eastern borders will hit …

MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from $15 billion as part of …

WASHINGTON – The U.S. Treasury Department said on Thursday that its Emergency Rental Assistance Program spent or obligated more than $25 billion in 2021 to help eligible Americans stay in …

By Raphael Satter – Ukraine’s government is lobbying the Biden administration to cut Russia off from U.S. software updates, to ban Russian flights, and to block the supply of goods …

By Yoruk Bahceli -Euro zone bonds rallied on Thursday as investors rushed into safe assets after Russia’s all-out invasion of Ukraine sent European stock markets into a downward spiral. Germany’s …

NEW YORK – The prices of a major junk bond ETF fell on Thursday as investors pulled out of riskier assets amid a widespread selloff in global markets sparked by …

By Jesús Aguado MADRID -Spain’s Santander on Thursday said its Chief Executive Officer Jose Antonio Alvarez will report exclusively to the bank’s board as part of a change in its …

By Stefano Rebaudo -Sterling crashed against a surging dollar in its worst day since March 2020 as investors rushed into safe-haven assets after Russian forces invaded Ukraine. Missiles rained down. …

By Agustin Geist and Walter Bianchi BUENOS AIRES – Argentina is poised to “imminently” send an agreement with the International Monetary Fund (IMF) to the country’s Congress for approval, government …

LONDON – Sustainability ratings agency Standard Ethics said on Thursday it had downgraded the rating of the Russian Federation after it invaded Ukraine. Standard Ethics, which grades companies and governments …

By Patturaja Murugaboopathy and Swati Verma – Exchange-traded funds (ETFs) that invest in gold and other precious metals have seen massive inflows as investors rush to shield themselves against the …

BRUSSELS – The European Union will impose new sanctions on Russia targeting industry, financial sectors and export controls over Moscow’s invasion of Ukraine, an EU diplomat said on Thursday. “We …

-Electric-truck maker Nikola Corp said on Thursday it expects to report its first ever revenue this year as it aims to deliver 300 to 500 Tre BEV trucks in 2022, …

By Manas Mishra and Michael Erman -Moderna Inc executives said on Thursday they believe a fourth COVID-19 vaccine shot will be needed late this year due to waning protection from …

MOSCOW – The Russian central bank on Thursday said it would hold a “fine-tuning” repo auction on Feb. 25 with a limit of 2 trillion roubles ($23.03 billion), as it …

By Ross Kerber -More frequent shareholder revolts at companies like Norwegian Cruise Line Holdings and General Electric show corporate directors should hesitate to hike CEO pay during tough times, according …

WASHINGTON – Sales of new U.S. single-family homes fell slightly more than expected in January, likely as rising mortgage rates and higher prices sidelined some first-time buyers from the market. …

MADRID – Spanish Prime Minister Pedro Sanchez on Thursday warned the country would take an economic hit from the shockwaves caused by Russia’s invasion of Ukraine and the sanctions imposed …

MOSCOW – The Russian central bank widened the Lombard List of collateral it agrees to take in exchange for provide banks with liquidity and also lowered rating requirements, expanding refinancing …

MILAN -UniCredit said its Russian arm had very high provisions against possible loan losses and was “very liquid and self-funded”, as the Ukraine crisis sent shares in Italy’s second largest …

By Nichola Saminather TORONTO -Royal Bank of Canada kicked off Canadian lenders’ first-quarter results with a stronger-than-expected 6% rise in adjusted earnings, driven by wealth management and loan growth. RBC …

By Joice Alves LONDON – Shares in euro zone banks plunged on Thursday after Russian forces launched a full-scale invasion of Ukraine and European Union officials said they would impose …

WASHINGTON – The Russian invasion of Ukraine probably won’t change the “underyling logic” behind the Federal Reserve’s plans to raise interest rates, but the impact on global markets and commodity …