Financial News

By Daniel Wiessner – Wells Fargo Co was hit with a proposed class action lawsuit on Wednesday accusing the bank of routinely requiring hourly employees in Florida to work overtime …

– New Zealand’s Fonterra on Thursday raised the forecast range for the price it pays farmers for milk in the 2021/22 season, citing an increase in global dairy rates due …

-Citigroup Inc has asked vaccinated employees in all U.S. locations to start returning to the office from the week of March 21, according to an internal memo on Wednesday that …

By Alexander Marrow MOSCOW -The Russian rouble slumped on Wednesday, diving around 3% to hit a near two-year low past 81 to the dollar as Ukraine declared a state of …

By Jody Godoy NEW YORK – A U.S. judge on Wednesday permanently barred former pharmaceutical executive Martin Shkreli from serving as an officer or director of publicly traded companies, and …

– U.S. companies borrowed 2% more in January to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday, as …

By Praveen Menon – Rio Tinto posted on Wednesday its best ever annual profit and a record full-year dividend of $16.8 billion, boosted by higher iron ore prices and strong …

BERLIN – Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on …

– U.S. President Joe Biden said on Wednesday his administration will impose sanctions on Nord Stream 2 AG, the company in charge of building Russia’s Nord Stream 2 gas pipeline. …

LISBON – Rough waters forced authorities on Wednesday to postpone a salvage operation for a ship packed with luxury cars that have been on fire for a week in the …

By Uday Sampath Kumar -Lowe’s Cos Inc on Wednesday raised its full-year sales and profit forecasts and offered an optimistic outlook for home improvement demand in the United States in …

MILAN -Italian tyremaker Pirelli on Wednesday reassured it was taking steps to offset higher costs as well as the impact of the crisis in Ukraine, and had a contingency plan …

By Laura Sanicola -Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack. Brent crude …

By David Milliken and Andy Bruce LONDON -Bank of England Governor Andrew Bailey said on Wednesday there were clear risks that inflation could again overshoot the central bank’s forecasts but …

By Jan Strupczewski BRUSSELS – The European Union will be ready to launch a second package of sanctions against Russia, including export controls, if Russian troops move beyond the Ukrainian …

– Video game maker Activision Blizzard Inc’s mobile gaming unit, King, said on Wednesday two of its senior executives, including a co-founder, would leave the company before its deal with …

By Marc Frank HAVANA – The Cuban sugar industry is barreling again toward its worst season ever, according to official media reports and sources, threatening to dent both national pride …

By Pamela Barbaglia LONDON – Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the …

By Mark Weinraub and Julie Ingwersen CHICAGO – North Dakota farmer Jennifer Meyer typically devotes at least 20% of her 2,500-acre farm to corn, which provides a convenient feed for …

GENEVA – Trade ministers are now due to convene for the first time in more than four years in June, the World Trade Organization said on Wednesday, announcing the latest …

By David Henry NEW YORK – Citigroup executives will lay out detailed plans for generating better returns and address concerns over expenses at a shareholder meeting next month which analysts …

– French retailer Fnac Darty said on Wednesday it entered into a new partnership with tech giant Google, as it seeks to improve its online services. Under the new partnership, …

MEXICO CITY – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested in buying out Citigroup’s consumer …

By Joseph Nasr and Markus Wacket BERLIN – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas …

– Raytheon Technologies Corp said on Wednesday its Pratt and Whitney unit may not ship around 70 engines to Airbus SE in the first quarter of 2022 due to casting …