Financial News

By Padraic Halpin DUBLIN – EU-U.S. data transfers by Meta owned Facebook and Instagram could be halted as soon as May but the move would not immediately hit other big …

By Shrutee Sarkar BENGALURU – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal …

By Gram Slattery and Marta Nogueira RIO DE JANEIRO -Brazilian state-run oil company Petrobras smashed its all-time record for annual profits and dividend payouts in 2021, as sky-high Brent prices …

By Ann Saphir -San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she expects the U.S. central bank will need to raise rates at least four times this …

-EBay Inc on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company’s shares down nearly 9% …

By Tina Bellon -Hertz Global Holdings Inc on Wednesday said it posted a new record adjusted profit in the fourth quarter as demand for rental cars remained strong, but post-bankruptcy …

-Allbirds Inc topped market estimates for quarterly revenue on Wednesday as consumers splurged on its eco-friendly shoes and athletic wear during the holiday season. People returning to pre-pandemic routines after …

SAO PAULO – Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its earnings before interest, tax, depreciation …

By Nelson Bocanegra BOGOTA -Colombian industrial conglomerate Grupo Argos on Wednesday reported a 248 billion peso ($63 million) quarterly net profit, reversing a 12 billion peso net loss in the …

– Brazilian food retailer GPA reported on Wednesday a net income of 777 million reais ($155.10 million) in the fourth quarter of 2021, a 107.7% increase over the same quarter …

NEW YORK -JPMorgan is reviewing the impact that newly imposed U.S. sanctions on Russian sovereign debt may have on its emerging market bond indexes, a source familiar with the matter …

– Bath & Body Works Inc said on Wednesday Chief Executive Officer Andrew Meslow would step down in May due to health reasons, less than a year after the maker …

By Jamie Freed SYDNEY -Qantas Airways Ltd on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border …

By Sabrina Valle HOUSTON -Exxon Mobil Corp said on Wednesday its global workforce fell by 9,000 people last year as part of a deep cost cutting program after the COVID-19 …

By Sinéad Carew NEW YORK -Investors around the world lost their appetite for risk on Wednesday, with stocks selling off and the U.S. dollar gaining some ground as Ukraine declared …

-Air New Zealand Ltd on Thursday flagged it was heading for the worst annual loss since 2001 due to a combination of an Auckland lockdown, expiring government relief schemes, rising …

By Chuck Mikolajczak NEW YORK – The U.S. dollar edged higher on Wednesday as the latest developments in the Ukrainian crisis dented investor appetite for risk, as a sell-off in …

By Nqobile Dludla JOHANNESBURG -South Africa’s labour department is negotiating a possible out-of-court settlement with a subsidiary of China’s Huawei Technologies Co Ltd, which it accuses of failing to comply …

By Fergal Smith TORONTO – Canada’s main stock index fell on Wednesday to its lowest level in nearly four weeks as investors balked at buying stocks due to escalating uncertainty …

By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday but gave up much of its advance as rising Russia-Ukraine tensions weighed on investor sentiment. …

– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in …

– Brazil hospital chain Rede D’or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper O Globo. The report said …

WASHINGTON – Poorer Americans are seeing the benefit from strong U.S. economic growth, the Biden administration said on Wednesday, citing research suggesting that COVID stimulus and other measures may have …

By Tim Hepher PARIS -Airlines group IAG is in advanced talks with planemakers on a medium-haul fleet shake-up that may see the British Airways parent opt for Boeing and Airbus …

By Christoph Steitz and Tom Käckenhoff FRANKFURT – German utility Uniper is assessing whether the suspension of Gazprom’s Nord Stream 2 will trigger impairments on its 1 billion euro ($1.1 …