Financial News

By Rajesh Kumar Singh CHICAGO – General Electric Co expects to have “strong” revenue growth this year despite inflationary and supply-chain challenges, Chief Executive Larry Culp said on Wednesday. The …

By Dominique Vidalon PARIS -Danone on Wednesday pledged further productivity gains and price increases this year to offset cost inflation after the French food maker beat fourth-quarter sales forecasts, driving …

By Tommy Wilkes LONDON – Emerging market borrowing led by China inflated the global debt mountain to a record $303 trillion in 2021, although the global debt-to-GDP ratio improved as …

By Victoria Waldersee BERLIN – Tesla may lose the water supply contract for its long-delayed German plant if environmental groups win a court case challenging a licence granted to its …

By Julia Payne LONDON -A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for …

By David Milliken LONDON – Bank of England policymaker Silvana Tenreyro said on Wednesday that she – like other BoE policymakers – saw a case for higher interest rates to …

By Andrea Shalal WASHINGTON -Governments across the world should beef up their insolvency systems and prepare to restructure or liquidate badly scarred firms as they withdraw massive support provided during …

By David French and Timothy Gardner – Bluesource and Element Markets, two private equity-backed providers of products and services such as carbon credits to companies seeking to take action on …

LONDON – The Bank of England is conducting an internal review into its policy on officials’ personal financial dealings, in the wake of an ethics scandal that shook the U.S. …

-TJX Cos Inc missed Wall Street estimates for quarterly results on Wednesday, hit by temporary store closures and fewer customers visiting its outlets due to a surge in cases of …

By Foo Yun Chee BRUSSELS – Some U.S. tech giants may prefer to pay a fine rather than comply with antitrust rules, the European Union’s antitrust chief said, and cited …

By Kate Abnett and Jan Strupczewski BRUSSELS – The European Commission on Wednesday proposed a law to make large companies operating in the EU check that their suppliers around the …

By Brenda Goh SHANGHAI -Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group, the world’s biggest maker of personal computers said on Wednesday, as …

By Rajendra Jadhav MUMBAI – Uncertainty over sunflower oil supplies due to the conflict between Russia and Ukraine is spurring demand for rivals palm oil and soyoil, fuelling a red-hot …

ANKARA – German broadcaster Deutsche Welle and U.S.-based Voice of America said they will not apply for a licence in Turkey as requested by the country’s media watchdog, a decision …

By Giulio Piovaccari and Gilles Guillaume MILAN – Stellantis beat its profitability target in the first year following its creation from the merger of Fiat Chrysler and Peugeot maker PSA, …

-Goldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people familiar with the matter. The …

By Lawrence White and Iain Withers LONDON -Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges …

HONG KONG – Some 1.1 billion yuan ($174 million) of asset-back notes guaranteed by Shimao Group may not be redeemed on maturity next month, the trustee of the notes said …

By Foo Yun Chee BRUSSELS -Amazon, Microsoft and other providers of cloud and data processing services will have to set up safeguards to prevent non-EU governments gaining illegal access to …

By Francesco Canepa FRANKFURT – From Luxembourg to New Zealand, global house prices have been surging as pandemic stimulus and a shift to work from home added fuel to a …

-Britain’s Vodafone is looking to sell its entire 28.1% stake in Indus Towers Ltd, India’s largest cell tower firm, the telecom group said on Wednesday. Vodafone has launched an initial …