Financial News

By Howard Schneider and Ann Saphir WASHINGTON – U.S. Federal Reserve officials agree inflation is too high and that interest rates should be increased at the upcoming meeting in March. …

MOSCOW – Executives representing Russia’s largest companies, including from the IT sector, were invited to take part in a meeting in the Kremlin on Thursday, TASS news agency reported, citing …

COPENHAGEN – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; …

SAO PAULO – Brazilian brewer Ambev SA’s fourth-quarter net income fell 45.6% from a year earlier to 3.75 billion reais ($748.55 million), it said on Thursday, citing widespread deceleration across …

VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk …

By Josh Smith and Hyonhee Shin SEOUL – South Korea said on Thursday it would join in unspecified multilateral economic sanctions on Russia in response to its military operations in …

BERLIN – Mercedes-Benz expects a headwind from higher raw material prices of around 2 points to its return on sales this year, Chief Financial Executive Harald Wilhelm said in an …

LONDON – The London Stock Exchange (LSEG) expanded its Paris-based clearing service on Thursday as it adjusts to a post-Brexit landscape where Britain’s financial sector faces being increasingly cut off …

By Elvira Pollina MILAN -Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up …

By Anait Miridzhanian -Europe’s biggest hotel group Accor said on Thursday it was “well on the way” to more normal levels of activity this year after its core earnings swung …

PRAGUE – Czech President Milos Zeman, who had in the past promoted warm relations with Moscow, said on Thursday Russia’s attack on Ukraine was “crime against peace” and required a …

ATHENS -Greek Prime Minister Kyriakos Mitsotakis condemned Russia’s attack on Ukraine on Thursday but said Greece has sufficient energy supply. Greece imports 40% of its natural gas from Russia and …

By Andrea Shalal WASHINGTON – The White House on Thursday announced 10 new steps as part of its year-long drive to strengthen U.S. supply chains against climate shocks and geopolitical …

LONDON – Russia does not want to use natural gas as a weapon in its conflict with Ukraine, the CEO of French energy company TotalEnergies said on Thursday. “I am …

By Elizabeth Culliford -Facebook-owner Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, CEO Mark Zuckerberg …

LONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” and one “that doesn’t disturb …

By Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the bank’s March meeting, it said …

LONDON – British consumer spending edged up in the week to Feb. 17, but other measures were hurt by a series of winter storms which hit the country, weekly data …

DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked …

HELSINKI – Finland’s former Prime Minister Esko Aho has withdrawn from the board of Russia’s largest bank Sberbank due to the latest developments in Ukraine, he told local media on …

A look at the day ahead in markets from Sujata Rao This is it. Putin has invaded Ukraine. Markets are displaying all the predictable reactions, selling stocks and buying safe-havens. …

MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s …

BERLIN – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in …

– British recruitment agency Hays Plc raised its annual operating profit forecast on Thursday, after reporting a higher half-year profit buoyed by rising talent demand as companies rush to fill …

COPENHAGEN -Danish brewer Carlsberg said on Thursday it has halted operations at two Ukrainian breweries in Kyiv and the southern city of Zaporizhzhya due to the escalating conflict in the …