Financial News

PARIS – French Finance Minister Bruno Le Maire told BFM TV and RMC Radio on Wednesday that he was keeping a close eye on rising wheat prices, which could add …

MADRID – Spanish pharmaceutical group Rovi raised its 2022 revenue guidance as it posted a 151% jump in annual net profit on Wednesday, citing strong growth in contract manufacturing and …

PARIS – French Finance Minister Bruno Le Maire said on Wednesday that the sanctions imposed by the Western countries on Russia for ordering troops into separatist regions of eastern Ukraine …

A look at the day ahead in markets from Dhara Ranasinghe. The Ukraine crisis may be tempering the most aggressive rate hike bets but New Zealand’s latest interest rate rise …

ZURICH -The European Central Bank could begin increasing interest rates before ending its bond purchasing programme, ECB policymaker Robert Holzmann said, challenging the bank’s long-held view on the sequence of …

By Lucy Raitano LONDON – Inflation will have the biggest impact on global markets in 2022, traders said, while liquidity was the top daily trading challenge for a sixth year, …

FRANKFURT -German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims …

BERLIN – German consumer morale is projected to deteriorate in March as a sharp increase in COVID infection rates in early February and high inflation figures overshadowed positive medium-term expectations, …

By David Lawder and Jason Lange WASHINGTON – The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying …

KYIV – The mission of the International Monetary Fund is starting its work in Ukraine for the second review of the Fund-supported programme, the global lender said on Wednesday. Ukraine …

HONG KONG -Here are highlights of Hong Kong’s budget for the fiscal year starting in April 2022, unveiled by Financial Secretary Paul Chan on Wednesday: KEY FIGURES * Counter-cyclical measures …

By Karin Strohecker and Megan Davies LONDON/NEW YORK -The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up …

SINGAPORE -Singapore’s key consumer price gauge rose in January by its fastest pace in nearly a decade, largely in line with economist forecasts, driven by higher inflation for food, electricity …

– Wells Fargo & Co said on Tuesday U.S. government agencies, including the Department of Labor, are reviewing certain transactions in the bank’s 401(k) plan. The fourth-largest U.S. bank said …

By Medha Singh -Shares of Digital World Acquisition Corp, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, rose about 14% on Tuesday as …

By Praveen Menon WELLINGTON -New Zealand’s central bank delivered a third straight interest rate hike on Wednesday that took borrowing costs back to pre-pandemic levels and signalled a more aggressive …

By Orathai Sriring BANGKOK – Thailand’s economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity …

HONG KONG – Hong Kong’s economy is expected to grow 2.0% to 3.5% this year after expanding 6.4% in 2021, as social restrictions to tackle a growing COVID-19 outbreak are …

BEIJING -China’s state-run Economic Daily newspaper said on Wednesday the market had over-reacted to the government’s guidance that food delivery platforms should lower service fees. The policy was not intended …

By Jonnelle Marte – Small businesses continue to struggle financially and many are facing greater challenges with managing supply chain challenges and hiring enough workers, according to a survey released …

WASHINGTON – The White House said on Tuesday the development of Nord Stream 2 is “not moving forward at this point in time” after steps by Germany to halt the …

By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI -The Indian government may hold more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar …

By Davide Barbuscia and Devik Jain -As the S&P 500 hovers near correction territory, Wall Street is gauging the further effect of the conflict between Russia and Ukraine on asset …