Financial News

MOSCOW – Russian state bank VTB, the country’s second biggest bank, Russia’s no.2 bank, asked its corporate clients to refrain from transactions in U.S. dollars and euros to ‘minimize risks …

By Victoria Waldersee BERLIN -Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher costs and supply chain bottlenecks which are likely to continue …

By Kylie MacLellan and William James LONDON -Prime Minister Boris Johnson said Britain and its allies would unleash a massive package of economic sanctions to hobble the Russian economy after …

LONDON – Societe Generale said on Thursday that its Russian unit Rosbank continued to operate normally and that the French banking group was complying with “all applicable regulations”. “Rosbank continues …

By Philip Blenkinsop BRUSSELS -Anheuser-Busch InBev forecast on Thursday its profit would increase this year as consumers have more opportunities to drink outside of their homes after ending 2021 with …

By Susanna Twidale LONDON – European gas prices surged more than 30% on Thursday after Russian forces launched an invasion of Ukraine. Below outlines why Russia has so much impact …

BEIJING -Chinese anti-corruption inspectors from the ruling Communist Party have uncovered a number of weaknesses in the financial sector in a two-month investigation, Xinhua news agency said on Thursday. China’s …

– Insight Partners said on Thursday it has raised $20 billion for its twelfth flagship fund as the New York-based private equity and venture capital firm looks to ramp up …

By Karin Strohecker LONDON – Western capitals have started putting in place fresh restrictions on Russia’s sovereign debt as they seek to ratchet up pressure on Moscow over the conflict …

– Canadian retailer Loblaw Cos Ltd beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at …

By Brenda Goh SHANGHAI -China’s Tencent Holdings Ltd plans to achieve carbon neutrality in its operations and supply chain by the end of the decade, the firm said on Thursday. …

By Alexander Marrow MOSCOW -Russia’s largest lender Sberbank said on Thursday that it was prepared for any developments as the threat of sanctions grew after Russian forces attacked Ukraine, sending …

By Mark John – Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions …

LONDON – British retailers reported slower sales growth in February but said demand was better than normal for the time of year as the Omicron wave of coronavirus cases eased, …

KYIV – Ukraine, with a population of 41 million, is one of the largest energy consumers in Europe and is also a key transit country for Russian gas to Europe. …

SHANGHAI – Tesla Inc plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity …

BERLIN – Mercedes-Benz hopes to acquire certification for Level 3 autonomous driving in the United States this year, and discussions with authorities in China on the topic are ongoing, Chief …

By Christoph Steitz and Patricia Weiss FRANKFURT -Wintershall Dea, one of the co-funders of Gazprom’s Nord Stream 2 gas pipeline, on Thursday said cancelling the project on political grounds would …

BERLIN – Wintershall Dea, one of the co-funders of Gazprom’s Nord Stream 2 pipeline, cancelled a news conference to discuss its yearly financial results, citing concerns over Russia’s attack on …

– Soft drinks bottler Coca-Cola HBC has closed its plant in Ukraine, and asked staff in the country to remain at home following Russia’s invasion of its former Soviet neighbour, …

By Julie Gordon OTTAWA – A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in trade delays, tens of millions …

MOSCOW – Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the “emotional” financial market reaction to Russia’s invasion …

By Pete Schroeder and Michelle Price WASHINGTON -U.S. banks were well-prepared for the Western sanctions announced so far over Russia’s aggression towards Ukraine, but they are still nailing down details …

LONDON – JPMorgan has said it may have to review plans to start including Ukraine government bonds in it influential GBI-Emerging Markets index at the end of the next month …

By Paul Sandle LONDON -Rolls-Royce Chief Executive Warren East will step down by the end of the year after steering the aero-engine maker through the worst of the pandemic, though …