Financial News

WASHINGTON – A gauge of future U.S. economic activity fell in January for the first time in nearly a year amid a resurgence in COVID-19 cases, high inflation and supply …

– Canadian Imperial Bank of Commerce has received approval from an Ontario court of a C$125 million ($98 million) settlement to resolve claims in a class-action lawsuit alleging misrepresentations made …

FRANKFURT -A former employee of investment bank Lazard was sentenced on Friday to an 18-month suspended jail term by a German court after being found guilty of insider trading, a …

By Gilles Guillaume and Piotr Lipinski PARIS – Renault is looking at creating separate divisions for electric and combustion engine cars, an idea other automakers have resisted in case it …

By Victoria Klesty OSLO -Norwegian Air may order jets from Airbus in the future unless ongoing litigation with Boeing over previous aircraft cancellations is resolved in a timely fashion, the …

-Air Canada said on Friday it would add capacity during the start of 2022 as pandemic travel restrictions relax, after reporting a smaller fourth-quarter loss due to strong advance ticket …

– Euro zone consumer confidence fell by 0.3 points in February from the January number, figures released on Friday showed. The European Commission said a flash estimate showed euro zone …

By Arunima Kumar -DuPont said on Friday it would sell most of its mobility and materials business to Celanese Corp for $11 billion, as the industrial materials maker continues to …

By Tom Sims and Alexander Hübner FRANKFURT -Allianz announced on Friday big bonus cuts for its CEO and board, and a settlement with a “vast majority” of investors, as it …

By Uday Sampath Kumar – Home Depot Inc and Lowe’s Cos Inc may warn of a slowdown in 2022 sales when they report their quarterly results next week to reflect …

By Jorge Otaola and Adam Jourdan BUENOS AIRES – Argentina’s deal with the International Monetary Fund (IMF) to refinance over $40 billion in debts is trudging closer to the finish …

BERLIN – Lufthansa will not impose compulsory job cuts, the German airline said on Friday, as it cuts costs nearly two years into the coronavirus pandemic that left the industry …

By Kanishka Singh – E-commerce sites operated by China’s Tencent Holdings Ltd and Alibaba Group Holding Ltd were added to the U.S. government’s latest “notorious markets” list, the U.S. Trade …

– U.S. sports merchandise retailer Fanatics said on Friday it had acquired 118-year-old Mitchell & Ness, known for its jersey replicas and streetwear, along with American rapper Jay-Z and other …

By Abhijith Ganapavaram -Deere & Co raised its annual profit forecast after posting estimate-beating quarterly earnings on Friday, as the world’s largest farm equipment maker expects a margin boost from …

HONG KONG – China resolutely opposed a new assessment report released by the U.S. Trade Representative’s office, calling it “based on trade protectionism” and ignoring China’s contribution to the multilateral …

By Fergal Smith TORONTO – The Canadian dollar was little changed against its U.S. counterpart on Friday as investors weighed diplomatic efforts to avoid a Russian invasion of Ukraine and …

– Fidelity International has launched its first investment product that tracks bitcoin in Europe, as the British investment manager taps into rising demand for exposure to digital currencies. The Fidelity …

By Julie Gordon OTTAWA – Canadian retail sales most likely rose 2.4% in January from December, preliminary data from Statistics Canada showed on Friday, following on a 1.8% decline in …

VILNIUS – Continental will continue investing in a factory in Lithuania, an executive was quoted saying, despite a diplomatic dispute between Beijing and the Baltic state that has threatened to …

HONG KONG – China does not agree with the U.S. government’s decision to include some e-commerce sites in its “notorious markets” list, calling the action “irresponsible,” the Chinese ministry of …

WARSAW – Poland has made progress in talks with the European Commission on unblocking COVID-19 recovery funds, its prime minister said on Friday, adding that he believed a deal could …

– Moderna Inc said on Friday it is developing three new vaccines based on the same technology used for its COVID-19 shot, including one for viral infection shingles. The success …

By Praveen Paramasivam – Wall Street expects Macy’s Inc to report the biggest jump in holiday sales among U.S. department stores when it reports quarterly results on Tuesday, benefiting from …

LONDON -Britain’s Virgin Media O2 said on Friday its two owners were in talks with financial partners about funding a fibre network covering seven million premises, stepping up its challenge …