Financial News

By Susan Mathew and Noel Randewich – Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump …

– Federal Reserve chief Jerome Powell will testify before Congress on March 2 and 3 in what are likely to be his final public remarks on monetary policy before the …

– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund …

By Tim Hepher -A UK judge ordered planemaker Airbus to delay any practical impact of a decision to revoke a $6 billion jet order from Qatar Airways for several weeks, …

By Laura Sanicola -Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil …

By Nia Williams CALGARY, Alberta -Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project …

By Fergal Smith TORONTO – Canada’s main stock index fell on Friday to a three-week low as geopolitical uncertainty weighed on investor sentiment ahead of a long weekend, with energy …

By Jonathan Stempel NEW YORK – A new U.S. lawsuit filed on Friday accuses L’Oreal SA of causing American shoppers to overpay for its beauty products by misleading them into …

– Packaged food maker Kraft Heinz Co said on Friday it plans to appoint Chief Executive Officer Miguel Patricio as its chair, replacing Alexandre Behring who will retire at the …

By Rajesh Kumar Singh CHICAGO – American Airlines Group Inc said on Friday it plans to further trim its summer schedule due to Boeing Co’s delay in delivering 787 Dreamliner …

By Andrea Shalal, Jonathan Landay and Arshad Mohammed WASHINGTON -The World Bank’s management has approved a plan to use some $1 billion in a frozen Afghanistan trust fund for education, …

By David Shepardson WASHINGTON -General Motors Co and its self-driving technology unit Cruise have petitioned U.S. regulators for permission to build and deploy a self-driving vehicle without human controls like …

By Herbert Lash NEW YORK -A gauge of global stocks fell and government debt prices rose on Friday after hopes that diplomacy might resolve the Ukraine crisis faded on news …

By Danielle Kaye NEW YORK – Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote for a resolution demanding greater transparency in the iPhone maker’s efforts …

By Dietrich Knauth, Tom Hals and Mike Spector – A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the …

– Employees at many Apple Inc stores in the United States are working to unionize, the Washington Post reported on Friday, citing people familiar with the efforts. The move comes …

WASHINGTON -A move banning Russia from the SWIFT financial system is unlikely to be included in an initial sanctions package against Russia if it invades Ukraine, a White House official …

By Caroline Valetkevitch NEW YORK – The safe-haven Japanese yen fell slightly against the dollar on Friday, pulling back after recent gains, but was up for the week as a …

BEIJING -China’s banking and insurance regulator issued a warning on Friday against using the metaverse as a tool for illegal fund-raising, amid widespread interest in the country’s private sector. The …

By Gertrude Chavez-Dreyfuss NEW YORK -Eurodollar futures, which reflect the outlook for U.S. interest rates over the next few years, have started to price in an incremental easing of monetary …

By Sheila Dang – Technology that merges the virtual and physical worlds could start to become a reality for consumers in a few years, Facebook owner Meta Platforms Inc has …

-The United States on Friday ended a ban on imports of avocados from Mexico’s Michoacan state and restarted an agricultural inspection program it had halted out of concern for the …

-The Federal Reserve adopted a new set of investing and trading restrictions for its senior officials on Friday, barring a wider range of activities than was proposed last fall in …

By Saqib Iqbal Ahmed NEW YORK – After a turbulent start to the year, investors are betting stock market volatility isn’t going away anytime soon. While tensions between Russia and …

BERLIN/LISBON -A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the …