Financial News

By Anshuman Daga and Lawrence White SINGAPORE/LONDON -HSBC brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the …

By Megan Davies and Chris Prentice NEW YORK/WASHINGTON -U.S. prosecutors are exploring whether they can use a federal law originally enacted to take down the mafia, in a sprawling probe …

By Katya Golubkova MOSCOW – Natural gas flowed east in reverse mode through the Yamal-Europe pipeline on Tuesday, while President Vladimir Putin pledged Russia would continue to deliver uninterrupted supplies …

BRUSSELS – Russia’s recognition of the independence of Ukraine’s two breakaway regions makes the European Commission’s already reduced euro zone growth forecast for 2022 even more uncertain, European Economic Commissioner …

LONDON -British retailer Marks & Spencer said on Tuesday it has agreed a new online and in-store partnership with Estee Lauder owned skincare and make-up brand Clinique. Since 2020, M&S …

By Amna Karimi – Coca-Cola HBC said on Tuesday it had contingency plans to cope with the escalating Russia-Ukraine crisis, as the London-listed soft drinks bottler reported a surge in …

LONDON – The boss of HSBC, one of Europe’s largest banks, said on Tuesday he was concerned about the risk of “wider contagion” for global markets from the deepening crisis …

By Natalia Zinets KYIV – Ukraine wants to launch talks with the International Monetary Fund on a new programme in April to reassure markets that have been rattled by tensions …

BERLIN – Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen …

PARIS – France’s competition watchdog fined EDF and its subsidiaries 300 million euros ($339.78 million) over the abuse of its dominant position between 2004 and 2021, the competition authority said …

By Anirban Sen, Svea Herbst-Bayliss and David French – Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright …

BERLIN – German business morale improved in February across all sectors as hopes for an end to the coronavirus crisis more than offset worries about the Ukraine conflict, though a …

LONDON – British life insurer Just Group has sold a portfolio of lifetime mortgages to fellow British insurer Rothesay Life for 687 million pounds ($932.88 million), Just Group said on …

By Pamela Barbaglia and Yadarisa Shabong -London Stock Exchange Group has agreed to buy U.S. cloud-based technology provider TORA in a $325 million deal which it said on Tuesday will …

By Simon Jessop, Tommy Wilkes and Lawrence White LONDON – HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the …

By Juliette Portala -Worldline’s fourth-quarter sales surpassed market expectations, prompting the French payments company to herald a new year of “conquest” in Europe, with shares rising more than 9%. The …

– Women now make up nearly 40% of the boards of Britain’s biggest 100 companies, compared with just 12.5% a decade ago, with recommendations in place to enable more female …

MOSCOW -The Russian central bank on Tuesday said it was ready to take all necessary measures to support financial stability, as Russian assets were hammered after Moscow sent what it …

By Anna Ringstrom and Stine Jacobsen STOCKHOLM/COPENHAGEN -Ailing airline SAS on Tuesday launched a cost savings plan and said it hoped to raise new capital after posting a wider quarterly …

– Italian EU-harmonised consumer prices (HICP) remained flat month-on-month in January and were up 5.1% from the year earlier, official statistics agency ISTAT said on Tuesday, revising down preliminary data. …

By Elena Fabrichnaya MOSCOW -Russian state bank VTB on Tuesday reported a record net profit of 327.4 billion roubles ($4.1 billion) in 2021, but said it would not give any …

BEIJING – Banks in nearly 90 Chinese cities cut mortgage rates in February, a private research group said, in a bid to boost sales and sentiment in a residential property …

MOSCOW – The Russian central bank still expects inflation to return to its 4% target in mid-2023, news agencies cited Deputy Governor Alexei Zabotkin as saying on Tuesday, as the …

By Lucy Raitano -March was expected to be a busy window for Europe’s stock market listings, but Russia’s move to redraw borders in Ukraine and market uncertainty due to the …

A look at the day ahead in markets from Sujata Rao It was perhaps inevitable that Vladimir Putin would resort to the playbook similar to the one employed during the …