Financial News

By Lawrence White, Alexandra Schwarz-Goerlich and Pete Schroeder WASHINGTON/VIENNA/LONDON -European banks on Tuesday were bracing for the fallout from fresh global sanctions as the Ukraine crisis escalated, although U.S. bank …

By Danilo Masoni, Bansari Mayur Kamdar and Medha Singh – Shares of Russia-exposed companies took a beating across U.S. and European markets on Thursday, after the country’s move to launch …

VENDOME, FRANCE – Louis Vuitton, the world’s largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled …

– The Nasdaq Composite index slid on Thursday, dropping 20% from its record closing high in November last year and on track to confirm a bear market, after Russia launched …

By Amal S – Canada’s main stock index fell more than 1% on Thursday, with financial and healthcare stocks leading losses, amid a sharp sell-off in global markets after Russia …

TORONTO – The Canadian dollar weakened to its lowest level since December against its U.S. counterpart on Thursday as Russia’s invasion of Ukraine triggered a flight to safety in global …

BERLIN – An application by Russian state nuclear power company Rosatom for permission to buy a stake in a nuclear fuel reprocessing plant in Lingen in Germany has been withdrawn, …

By Thomas Escritt and Sarah Marsh SCHWERIN, Germany – In the north German state of Mecklenburg-Vorpommern, where former Chancellor Angela Merkel had her constituency, ties to Russia run deep – …

By Joseph White DETROIT – Autonomous vehicle venture Motional and ride services company Via said they will launch on Thursday a robo-taxi service in Las Vegas, the latest step by …

MEXICO CITY – Mexican core price inflation in the first half of February climbed to levels not seen in over 20 years, according to official data published on Thursday, underscoring …

CHICAGO – The value of U.S. farm exports will reach a record $183.5 billion in 2022, the government said on Thursday. Overseas demand from traditional trading partners has remained strong …

PARIS – A European arms procurement agency representing France, Germany, Spain and Italy signed a long-awaited contract with Airbus for the development of a new European military drone, Airbus said …

By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS – Russian forces invaded Ukraine on Thursday, sending European gas prices higher and increasing the focus on gas supply in countries including Germany, …

– Estee Lauder Cos Inc has placed its executive group president, John Demsey, on unpaid leave due to content posted on his Instagram account, a regulatory filing showed on Thursday. …

OTTAWA – Canadian factory sales most likely rose 1.3% in January from December, largely driven by higher sales in the petroleum and coal product industry, along with wood products, Statistics …

MOSCOW – Russian government has over 4.5 trillion roubles ($53 billion) of freely available budget funds and has enough resources to secure macroeconomic stability and support companies hit by sanctions, …

By David French – Quantum Energy Partners is raising a $2.25 billion fund that will lend to U.S. oil and gas firms as well as energy companies transitioning away from …

COPENHAGEN -Shipping group Maersk said on Thursday it has halted all port calls in Ukraine until the end of February and has shut its main office in Odessa on the …

LONDON – Wizz Air said it was working to evacuate its Ukrainian based crew, their families and four aircraft on Thursday after Russia’s invasion forced it to suspend all operations …

By Makiko Yamazaki and David Dolan TOKYO -Blackstone Inc has never approached Toshiba Corp about a potential buyout, the two companies said on Thursday, denying a media report. Nikkei Business …

By David Milliken LONDON – British government bonds were on course for their biggest daily gains since late November on Thursday, joining a broader rally in safe-haven assets after Russia …

– Poland’s two largest fashion retailers, LPP and CCC, are suspending all business in Ukraine, company officials said on Thursday, after Russia’s attack on its neighbour sent their shares plummeting. …

By Dawn Chmielewski and Chavi Mehta -Discovery Inc. beat Wall Street’s revenue expectations for its fourth-quarter, buoyed by live sports and higher advertising revenue, as it moves closer to completing …

By Chris Taylor NEW YORK – Sarah Crane is part of a booming proportion of the housing market: solo buyers. The 39-year-old economist purchased an attached row house in Philadelphia …

By Danilo Masoni MILAN – European defence stocks were among the rare gainers in a falling market on Thursday on bets of bigger spending after Russian forces invaded Ukraine in …