Financial News

By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger …

– Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening, according to research firm Apptopia. The app created by …

MOSCOW -Shares in Russia’s two largest lenders, Sberbank and VTB, reversed early losses to trade higher on Tuesday after the state-controlled groups escaped British sanctions on Russian banks. British sanctions …

By Katya Golubkova and Oksana Kobzeva MOSCOW – Russia will continue uninterrupted natural gas supplies to world markets, President Vladimir Putin pledged on Tuesday, after Germany halted a key gas …

By Naveen Thukral and Gavin Maguire SINGAPORE -Escalating tensions between global crop heavyweights Russia and Ukraine are likely to force wheat, corn and sunflower oil buyers to seek alternative shipments, …

– Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding …

By Elizabeth Culliford, Dawn Chmielewski and Supantha Mukherjee -At an ad industry conference in New York this month, one of the key architects of Spotify’s podcasting strategy outlined what she …

By Pushkala Aripaka -AstraZeneca non-executive Chairman Leif Johansson will retire next year after serving 11 years in the role, the Anglo-Swedish drugmaker said on Tuesday, as it moves onto the …

By Piotr Lipinski and Gleb Stolyarov IZHEVSK, Russia -Russian carmaker Avtovaz, controlled by France’s Renault, is looking to secure alternative supplies of electronic chips in case U.S. sanctions curb deliveries …

MOSCOW – Russia’s Energy Minister considers the oil price of between $55-70 a barrel as ‘optimal’ for the market, according to an interview published on Tuesday. Oil hit its highest …

– German Chancellor Olaf Scholz halted certification of the Nord Stream 2 gas pipeline designed to boost Russian gas supply to Germany on Tuesday after Russia formally recognised two regions …

– The Centers for Disease Control and Prevention (CDC) has awarded Palantir Technologies Inc a $5.3 million contract to manage distribution of COVID-19 drugs in the United States, the software …

By William Schomberg and Andy Bruce LONDON -Fast-rising inflation is pushing up the British government’s debt interest bill sharply and limiting finance minister Rishi Sunak’s options to ease a cost-of-living …

BANGKOK – Thailand’s cabinet on Tuesday approved tax incentives to promote a shift to electric vehicles (EVs), and to attract “high potential” foreigners to help boost the economy, the finance …

DUBLIN – Ireland’s data watchdog expects to consult fellow EU regulators in April on its investigation into Facebook’s data transfers, moving closer to a decision that could hammer transatlantic business …

By Ahmed Hagagy KUWAIT -Kuwait’s government owes 2.35 billion dinars ($7.78 billion) in late payments to public entities, according to the finance ministry, in a sign of a deepening cash …

HAMBURG – Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to …

BRUSSELS – EU ambassadors have been discussing a sanctions package on Russia consisting of four parts which could be agreed by the bloc’s foreign ministers at a meeting later on …

By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the week through Feb. 15 show …

By Tom Westbrook and Alun John SINGAPORE – Investors are reviving one of the most unprofitable wagers of the past two decades and betting that a combination of politics and …

LONDON – More British manufacturers plan to raise prices in the next three months than at any point since 1976, according to a survey on Tuesday that highlighted the inflationary …

– Canada’s Brookfield Asset Management Inc is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC, Bloomberg News reported on Tuesday. The unit, …

By Sinchita Mitra -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net new business for the half …

By Nichola Saminather TORONTO – Canadian banks are set to report higher first-quarter earnings from a year ago, thanks to low provisions for credit losses and improving loan demand, but …