Financial News

By David Henry -JPMorgan Chase & Co expects its core net interest income to grow to $53 billion in 2022, up $3 billion from its prior forecast, and said it …

– Spotify Technology’s shares fell 5% on Friday after Joe Rogan’s podcast was briefly not accessible on the company’s streaming platform. The podcast can now be accessed and Spotify did …

By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in …

By Howard Schneider New York -When the Federal Reserve tacked to a new brand of monetary policy 18 months ago it thought it could deliver low unemployment and tame inflation. …

(Refiling to add dropped words ‘utility-scale’ before wind farm, paragraph 5) By Isla Binnie and Emma Rumney JOHANNESBURG – South African miner Exxaro and Chinese state fund CNIC are among …

– Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the …

– The U.S. Federal Trade Commission said it has approved certain modifications to medical device company Boston Scientific Corp’s divestiture agreements. “The FTC approved these agreements and incorporated them into …

By Jonnelle Marte -New York Federal Reserve Bank President John Williams said Friday there is little need for the Fed to kick off its interest rate hiking cycle with a …

By Lucia Mutikani WASHINGTON – U.S. home sales unexpectedly increased in January, but investors paying in cash are squeezing out first-time buyers from the housing market amid record low inventory …

By Julie Gordon OTTAWA -The Bank of Canada said on Friday that Deputy Governor Lawrence Schembri will retire effective June 17, 2022 and, at that time, the Governing Council will …

By Rajesh Kumar Singh CHICAGO -General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half …

By Kylie Madry MEXICO CITY -Mexican distiller Becle, parent company of the Jose Cuervo tequila brand, expects to raise prices in 2022 as both demand and costs rise, Chief Executive …

By Joseph Nasr BERLIN – Germany and the United States clashed on Friday over whether nuclear power should be part of the energy mix as rich countries race to cut …

FRANKFURT – European Central Bank policymakers will meet for “an informal get-together” next Thursday afternoon on the eve of a gathering of European Union finance ministers, the ECB said on …

By Alexander Marrow and Andrey Ostroukh MOSCOW -The rouble weakened on Friday, tumbling past 77 to the dollar after Russian-backed separatists announced the sudden surprise evacuation of their breakaway regions …

NEW YORK – Supply chain issues may gradually recede over time, easing some inflationary pressures and helping the Federal Reserve achieve its goal of controlling inflation without sparking a recession, …

MILAN – Italy’s biggest bad loan firm doValue is discussing a possible extension of its contract with UniCredit but in the meantime has made prudent estimates on future problem debts …

By Manoj Kumar and Alexander Cornwell NEW DELHI/DUBAI -India and the United Arab Emirates signed a broad trade and investment pact on Friday that will eventually cut all tariffs on …

-Ford Motor Co is considering ways to separate its electric-vehicle operation from its legacy business, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-02-18/ford-f-ceo-is-considering-ways-to-run-its-ev-business-separately?sref=vEQJzSks on Friday, citing people familiar with the effort. Chief Executive Officer …

By Philip Blenkinsop BRUSSELS -The European Union launched a legal challenge against China at the World Trade Organization on Friday, arguing that Chinese courts were preventing European companies from protecting …

ZURICH – Credit Suisse aims to make a profit this year, Chief Executive Thomas Gottstein told Swiss newspaper Finanz und Wirtschaft in an interview published on Friday. “We expect a …

BRUSSELS -A senior European Union official said on Friday that a U.S.-Iranian deal to revive Iran’s 2015 nuclear agreement was close but success depended on the political will of those …

By Howard Schneider NEW YORK – Current high inflation requires a “substantial repositioning” of Federal Reserve policy, but not so much that it will restrict the economy and wreck employment, …

By Nick Carey LONDON – Volta Trucks said on Friday that it had raised 230 million euros ($260 million) in Series C funding round, which will finance it through the …