Financial News

By Aditi Sebastian and Uday Sampath Kumar -Home Depot Inc on Tuesday indicated that it expects gross profit margins to remain under pressure through the year as it spends aggressively …

By Elvira Pollina and Valentina Za MILAN – Telecom Italia (TIM) is expected to make a decision on a 10.8 billion euro ($12.2 billion) takeover proposal from U.S. private equity …

By Deborah Mary Sophia -Macy’s Inc on Tuesday decided against a push by an activist investor to spin off its online business and forecast better-than-expected annual sales after a bumper …

By Catarina Demony and Victoria Waldersee LISBON -Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal’s Azore Islands which went on fire nearly a …

– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real …

By Siddarth S – A Wall Street analyst upgraded Advanced Micro Devices to a buy rating after 10 years on Tuesday, highlighting its growing market share, a strong portfolio of …

By Jan Schwartz, Christoph Steitz and Victoria Waldersee HAMBURG/BERLIN – Volkswagen and its top shareholder have drawn up a preliminary agreement to list Porsche, paving the way for a deal …

– Canadian pot producer HEXO Corp said on Tuesday it would refresh its board, effective immediately, as part of a deal with activist shareholder Adam Arviv and his fund, Kaos …

– Foreign companies with exposure to Russia were poring over contingency plans on Tuesday, with some looking at whether to shift production or find new supply chains to shield their …

By Paresh Dave and Jeffrey Dastin NEW YORK – Clearview AI, whose search engine for faces has become an unrivaled police tool, this year is aiming to win its first …

By Andrey Ostroukh and Alexander Marrow MOSCOW -The rouble rebounded from a near two-year low and shares in major Russian banks leapt on Tuesday after Britain announced the first but …

-Medtronic Plc forecast fourth-quarter profit nearly in line with Wall Street estimates on Tuesday, pinning its hopes on elective procedures making a recovery before the end of fiscal year 2022 …

MOSCOW – Russia’s flagship Urals oil grade is trading at the biggest discount to global benchmark Brent since spring 2020, hit by rising tensions between Russia and the West over …

-Apollo Global Management Inc, a manager of alternative assets such as corporate credit and private equity, said on Tuesday it has committed more than $100 million over the next decade …

By David Milliken LONDON – The Bank of England will need to raise interest rates slightly more over the coming months, but their longer-term path is hard to predict due …

– Britain sanctioned five Russian banks and three billionaires on Tuesday and Germany halted certification of a gas pipeline in a first wave of western sanctions after President Vladimir Putin …

LONDON – Aluminium and nickel prices hit multi-year highs on Tuesday after Russia ordered troops into two breakaway regions of eastern Ukraine, raising fears of war and sanctions on Moscow …

-Humana Inc said on Tuesday it has entered an agreement with activist hedge fund Starboard Value to name two independent directors to the health insurer’s board. The first appointment will …

By Amal S – Canada’s main stock index inched lower on Tuesday, as gains in commodity-linked stocks were countered by weakness in healthcare and concerns around escalating tensions between Russia …

By Tim Hepher PARIS – Airbus said on Wednesday it would build a demonstrator to test propulsion technology for future hydrogen airplanes in co-operation with French-U.S. engine maker CFM International. …

WASHINGTON – U.S. business activity regained speed in February as the drag from the winter surge in COVID-19 infections diminished, but higher prices for inputs remained a burden amid lingering …

-JPMorgan analysts downgraded Russian equities to “neutral” from “overweight” on Tuesday, after Moscow sent troops to two breakaway regions in eastern Ukraine after recognising them as independent. President Vladimir Putin’s …

MOSCOW – Gazpromtrans, the subsidiary of Russia’s gas monopoly Gazprom in charge of rail shipments, stopped taking orders to transport liquefied petroleum gas (LPG) to Ukraine from Feb. 18, according …

– GlaxoSmithKline said on Tuesday its consumer healthcare venture with Pfizer will be named Haleon, as the British drugmaker confirmed the business will be spun off in mid-2022 as planned …