Financial News

– Electric-vehicle maker Lucid Group said on Tuesday it would recall more than 200 of its premium sedans due to a possible safety issue, sending its shares down nearly 5%. …

SHANGHAI – Money raised by newly-launched private funds in China plunged 44% in January from a month earlier, latest official data showed, adding to evidence of rapidly-shrinking risk appetite amid …

By Byron Kaye and Harish Sridharan SYDNEY -Woolworths Group Ltd reported a slump in first half profit on Wednesday as COVID-19 lockdowns and mandatory staff isolation blew out costs, but …

By Wayne Cole SYDNEY -Australian wages picked up last quarter as a rapidly tightening labour market drove intense competition for workers, but annual growth was still short of levels that …

SAO PAULO – Shareholders of Brazilian state-run power company Eletrobras approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources. According …

By Jennifer Rigby LONDON – Almost all parents and pregnant women in China, Vietnam and the UK are exposed to “aggressive” formula milk marketing campaigns that breach global rules set …

MEXICO CITY -Mexican breadmaker Grupo Bimbo reported a 66.9% increase in fourth quarter net profit on Tuesday, driven by strong sales, lower financing costs and an effective income tax rate. …

By Carolina Mandl and Noor Zainab Hussain – Shares in Nubank rose nearly 8% in after-hours trading on Tuesday as investors welcomed a narrower fourth-quarter loss at Latin America’s most …

– MSCI said it had not taken any action on Russia following a volley of sanctions by Western governments, but signalled it would consider taking steps such as freezing Russian …

By Caroline Valetkevitch NEW YORK – Wall Street’s main indexes fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian …

By Ernest Scheyder and Steve Holland WASHINGTON – U.S. President Joe Biden on Tuesday touted progress by government and private industry to boost American production of minerals used to make …

By Laura Sanicola -Oil rose to nearly $100 a barrel on Tuesday, reaching its highest level since 2014 after Moscow ordered troops into two breakaway regions in eastern Ukraine. Benchmark …

BRASILIA – Brazil’s government sees private investments of 78 billion reais ($15 billion) in infrastructure this year, up 95% from 2021, the economy ministry forecast, supporting its expectations that economic …

-Exxon Mobil Corp and its partners signed a deal with the Papua New Guinea (PNG) government, the U.S. energy giant said on Tuesday, paving the way for the development of …

MILAN -Italian-American vehicle maker CNH Industrial on Tuesday estimated total revenue growth of up to 24% through 2024 as it presented a new business plan after spinning off its truck, …

By Ana Mano SAO PAULO -Brazilian food processor BRF SA turned a profit in the final quarter of 2021, traditionally a good period for food sales due to the holiday …

By Chuck Mikolajczak NEW YORK – The S&P 500’s 1% slump on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since …

– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s fourth quarter net profit of …

-Space tourism company Virgin Galactic Holdings Inc on Tuesday posted a smaller-than-expected quarterly loss and said its cash position had improved, sending its shares 5% higher in extended trading. The …

By Ann Saphir – Directors at three regional Federal Reserve banks voted in January to increase the interest rate charged to commercial banks for emergency loans by a quarter of …

By Alexandra Alper and Karen Freifeld WASHINGTON -If Russia further invades Ukraine, the Biden administration could deprive it of a vast swath of low- and high-tech U.S. and foreign-made goods, …

– The U.S. Securities and Exchange Commission on Tuesday announced charges and an $18 million penalty against medtech firm Baxter International Inc for engaging in “improper intra-company foreign exchange transactions” …

By Sinéad Carew NEW YORK -Crude oil futures on Tuesday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed …

By Kanishka Singh -The United States Trade Representative’s (USTR) office said on Tuesday it opposed Canada’s plan to enact a digital services tax (DST) and urged Canada to abandon plans …

By Kylie Madry MEXICO CITY -Mexico’s America Movil said on Tuesday it has launched 5G services in 18 Mexican cities and plans to spend $1.8 billion to kick off what …