Financial News

By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances from company management that it …

DUBAI – The head of Dubai International Airport, one of the world’s busiest, said on Tuesday he expects more countries to soon start ending rules for vaccinated passengers to be …

LONDON/SINGAPORE – HSBC said Hong Kong’s strict curbs on travel and social interaction are hurting the economy and may impact the ability to hire and keep staff in the Asian …

BANGKOK – Digital and disruptive technologies and development of a circular economy can earn Thailand up to $3.4 billion each year in additional investments, savings and revenue, the World Bank …

By Tom Sims FRANKFURT -Allianz has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered …

By Kate Holton and William Schomberg ASHFORD, England – After work in the evenings, Nicola Frape turns off the heating and huddles under a blanket with her daughter and a …

By Uditha Jayasinghe COLOMBO -Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it …

TOKYO – Japan’s Toshiba Corp said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal. Last week, Toshiba said it planned an extraordinary …

BEIJING -China will unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said on …

By Amruta Khandekar -Steady sales of pacemakers and heart stents may have likely helped Medtronic Plc offset weak demand for its other medical devices, in a quarter that saw an …

By Devayani Sathyan and Tushar Goenka BENGALURU – The Bank of Korea will leave rates on hold on Thursday after back-to-back hikes at the previous two meetings, according to economists …

By Tetsushi Kajimoto TOKYO -Japan will watch how rising interest rates in Western nations could affect its economy, the finance minister said on Tuesday, as higher bond yields would boost …

By Byron Kaye and Harish Sridharan SYDNEY -Australian grocer Coles Group Ltd said December half profit fell in line with analysts’ forecasts as cost controls offset COVID-19 disruptions, adding that …

By Erwin Seba BEAUMONT, Texas -Union workers locked out of their jobs at a Texas oil refinery for nearly 10 months voted on Monday to accept an Exxon Mobil Corp …

SYDNEY – Australia’s central bank is shaking up the way it provides liquidity to the banking system as it ceases quantitative easing and prepares for the day when it will …

By Chuck Mikolajczak NEW YORK – U.S. stock index futures tumbled on Monday after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine, increasing concerns about a major …

By Marc Jones LONDON – Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday, after Vladimir Putin upped the ante …

By Sam Nussey TOKYO -SoftBank Group Corp is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst said on Tuesday, as the Japanese tech conglomerate invests in …

AMSTERDAM -The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, the fifth such penalty in successive weeks in a row over access to non-Apple payment methods …

MILAN – UniCredit is revamping its structure so that all domestic companies from small businesses to large multinationals are looked after by one division, Italy’s second largest bank said on …

LONDON – Tech-dominated “growth” stocks are still not cheap despite some sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned on Monday. The so-called FAANGs …

– Brazilian wholesaler Assai posted on Monday fourth-quarter net income of 527 million reais ($103.26 million), beating estimates as store openings accelerated.Net income rose 76% from a year earlier, above …

PORT-AU-PRINCE – Haiti’s government on Monday hiked the minimum wage by as much as 54% following weeks of demonstrations by garment workers who say their wages are not enough to …

By Marcela Ayres BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Monday consumer prices continue to trend higher as core inflation speeds up despite aggressive monetary tightening …

By Carolyn Cohn LONDON – Global stocks hit three-week lows and oil rose on Monday as worries increased that Russia will invade Ukraine. Russian forces killed a group of five …