Financial News

WASHINGTON – Russia’s Sberbank and VTB would face American sanctions if Moscow proceeds with its invasion of Ukraine, a senior U.S. administration official told reporters on Tuesday, warning that no …

By Stephanie Kelly NEW ORLEANS -The U.S. Environmental Protection Agency is committed to increasing the use of biofuels, an agency official said on Tuesday, but the industry is still anxiously …

– The United States imposed sanctions on Russia’s VEB Bank and Promsvyazbank on Tuesday, according to statement from the U.S. Treasury Department, after Moscow formally recognized two regions of eastern …

-South American e-commerce giant MercadoLibre Inc missed analysts’ forecasts after posting a fourth quarter net loss on Tuesday, despite a surge in sales. The company reported a quarterly net loss …

By Marcela Ayres BRASILIA -Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates to combat double-digit inflation are supporting financial inflows, strengthening the Brazilian currency. …

By Daniel Wiessner -A U.S. retail workers’ union on Tuesday accused Amazon.com Inc of unlawfully interfering with a union election at an Alabama warehouse where the company had already been …

By Hyunjoo Jin SAN FRANCISCO – A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and …

-Peloton Interactive Inc said https://status.onepeloton.com on Tuesday an issue that had prevented thousands of users from accessing its bike and treadmill classes had been resolved. More than 5,000 users had …

LONDON -Britain on Tuesday mistakenly assigned the address of the Russian central bank to a privately held bank with close links to Russian President Vladimir Putin that was the target …

By Roberto Samora SAO PAULO -Nestle SA said on Tuesday it will almost double its investments in Brazil in 2022 from a year earlier as it builds a new pet …

By Fergal Smith TORONTO – The Canadian dollar was little changed against its U.S. counterpart on Tuesday as investors weighed the economic impact of Russia-Ukraine tensions, and the price of …

By Chuck Mikolajczak NEW YORK – The U.S. dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President …

FRANKFURT – The European Central Bank may need to end its bond buys sooner than earlier thought given mounting inflation risks, ECB policymaker Gaston Reinesch said, joining a growing number …

By Hari Kishan and Jonathan Cable BENGALURU – Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, …

SAO PAULO – Brazilian meatpacker BRF SA said on Tuesday that Marfrig Global Foods SA proposed appointing its controlling shareholder Marcos Molina as BRF’s chairman and Santander Brasil’s Chairman Sergio …

By Lucia Mutikani WASHINGTON – U.S. consumer confidence fell to a five-month low month in February, with fewer consumers planning to purchase homes, automobiles and go on vacation over the …

LONDON – Stock markets tumbled on Tuesday while bonds and commodities rallied after Russian President Vladimir Putin ordered troops into the breakaway regions of eastern Ukraine. [MKTS/GLOB] Below is reaction …

By Kylie MacLellan and William James LONDON -Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president deployed …

By John Chalmers, Sabine Siebold and Robin Emmott BRUSSELS -The European Union agreed new sanctions on Russia that will blacklist more politicians, lawmakers and officials, ban EU investors from trading …

CARACAS – Half of payments for food, medicine and services in Venezuela’s capital Caracas are made using dollars, according to a report published on Tuesday by two local consulting firms. …

WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries …

By Sruthi Shankar and Shashank Nayar -European shares ended flat on Tuesday as gains in auto and travel shares were offset by geopolitical risks, with some Western countries imposing sanctions …

By Elizabeth Culliford – Facebook is launching its short video feature Reels to more than 150 countries, its owner Meta Platforms said on Tuesday, in a move to expand its …

By Natalia Zinets KYIV -Ukraine’s assets came under pressure on Tuesday after a sharp escalation of tensions with Russia, sending the hryvnia tumbling to levels last seen in 2015 when …

By Kate Abnett BRUSSELS – Europe’s energy supply would not be affected if the Nord Stream 2 gas pipeline designed to bring Russian gas to Germany was halted, since the …