Financial News

By Mimosa Spencer and Silvia Aloisi PARIS -Sales growth at Hermes eased in the final quarter of last year, missing market forecasts and sending its shares down as much as …

By Stephanie Nebehay and John O’Donnell BELLINZONA, Switzerland – Credit Suisse learned of murders and cocaine smuggling allegedly connected to a Bulgarian gang but continued to manage cash that is …

– Tensions over Ukraine are set to keep markets on edge in the week ahead while U.S. consumer data and results from major U.S. retailers will give fresh insights into …

By Marwa Rashad and Isla Binnie LONDON/MADRID – Europe’s liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major producers …

LONDON – Investors pumped money into U.S. Treasuries at the fastest pace in nearly two years in the week to Wednesday and yanked funds out of cash, inflation-linked debt and …

SHANGHAI – Online food delivery group Meituan led a rout of Chinese technology company shares on Friday, as authorities announced a series of regulatory moves to boost growth while keeping …

By Stephen Jewkes MILAN -Italy’s Eni became the latest energy group to benefit from the oil and gas boom as it posted its best result since 2012 to provide cash …

By Duncan Miriri NAIROBI – A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections, …

PRAGUE – Slovakia’s current account hit a deficit of 831 million euros ($944.85 million) in December after a revised gap of 122 million euros in November, the central bank said …

BEIJING – Huawei Technologies will spend 4 billion yuan ($632.52 million) to build a new headquarters and R&D centre for its digital power unit, according to local media reports, as …

BANGKOK – Thailand’s property market may not return to pre-pandemic levels until 2024, due to a slower-than-expected economic recovery amid a new coronavirus outbreak and higher inflation, the research unit …

FRANKFURT – The euro zone’s current account surplus rose to 310 billion euros ($352.47 billion) last year, or 2.6% of the bloc’s economic output, European Central Bank data showed on …

FRANKFURT – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation …

SINGAPORE – Singapore’s Finance Minister Lawrence Wong announced a S$500 million ($372 million) package to support jobs and businesses as part of his budget proposals on Friday. Singapore’s government has …

SHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu Guiping, vice governor of the …

By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the …

DUBAI -The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries’ two leaders, the UAE and Indian …

BEIJING -China’s state planner will take steps to stabilise the commodity market and hasten construction of new infrastructure, it said on Friday, in the effort to promote steady industrial growth. …

By Rajendra Jadhav MUMBAI – Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at …

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is …

PARIS -Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief …

KUALA LUMPUR – Malaysia’s exports rose 23.5% from a year earlier in January, government data showed on Friday. Imports in January grew 26.5% year-on-year, while the trade surplus for the …

– Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company …