Financial News

By Fergal Smith TORONTO – The Canadian dollar was little changed against its safe-haven U.S. counterpart on Thursday despite Wall Street tumbling on geopolitical worries, with investors sticking to bets …

By Michelle Price and Katanga Johnson WASHINGTON -U.S. authorities filed criminal and civil charges against the founder and former chief investment officer of investment adviser Infinity Q Capital Management LLC, …

By Tom Sims and Alexander Hübner FRANKFURT -German insurer and asset manager Allianz on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and …

By Matt Scuffham NEW YORK -Goldman Sachs on Thursday upgraded its key profitability targets and set new goals for its asset management, transaction banking and consumer businesses as it laid …

By Scott DiSavino NEW YORK -Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages which could unlock more crude …

By Davide Barbuscia NEW YORK – Lockstep declines in bonds and stocks are sending investors into defensive products such as credit swaps, convertibles and even cash as they seek refuge …

By David Shepardson WASHINGTON – The head of the Federal Aviation Administration said Thursday the agency needs a “systemic fix” from Boeing to address 787 Dreamliner production issues but said …

By Nichola Saminather TORONTO -Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves …

By Joseph White DETROIT -Nissan Motor Co said on Thursday it will invest $500 million to retool its U.S. assembly plant near Canton, Mississippi, to build two new electric vehicles, …

By Gilles Guillaume PARIS – Carmaker Peugeot, a sponsor of Novak Djokovic, is glad the tennis star has told his story about his expulsion from Australia and expects its logo …

By Karl Plume – Global farm chemicals and seeds maker Bayer will launch a corn variety in the United States next year that it says will better tolerate heavy winds …

By Karin Strohecker and Natalia Zinets LONDON/KYIV – Ukraine is working with the United States and other Western nations on unlocking billions of dollars in funding to shore up its …

By Richa Naidu LONDON – European retailers are locked in extended price negotiations with giant food companies – including the world’s biggest, Nestle – as they fight to retain shoppers …

By Gayatri Suroyo and Leika Kihara JAKARTA/TOKYO -The crisis in Ukraine overshadowed a gathering of finance leaders from the world’s top 20 economies that kicked off on Thursday, with host …

By Sarah N. Lynch and Chris Prentice WASHINGTON -The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on …

DENVER – Scott Sheffield, chief executive officer of U.S. public shale firm Pioneer Natural Resources Co, on Thursday said private oil and gas companies needed to be “reined in” for …

By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for jobless benefits unexpectedly rose last week, but remained below pre-pandemic levels as labor market conditions continue to …

LONDON – Centrica’s British Gas said on Thursday it will raise its standard variable tariff from April 1 in line with energy market regulator Ofgem’s price cap increase. Earlier this …

NEW DELHI – India on Thursday urged the world’s biggest 20 economies (G20) to make joint efforts to ensure increased multi-lateral funding by global institutions including the International Monetary Fund …

MILAN -Enel has reached a deal with Italy’s Comal to install a solar tracker factory at a giant power plant it is converting into a green energy hub as part …

By Mimosa Spencer and Silvia Aloisi PARIS – Gucci owner Kering said on Thursday it was on the hunt for possible acquisitions and might expand in more U.S. cities, after …

LONDON -Britain scrapped its so-called “golden visas” for wealthy investors on Thursday amid concerns about the inflow of illicit Russian money at a time of heightened tensions between Moscow and …

By Christian Kraemer and David Lawder -Finance leaders from the Group of 20 major economies view inflation and geopolitical risks as threats to a global recovery from the COVID-19 pandemic …

– Futures exchange operator CME Group said on Thursday Chief Financial Officer John Pietrowicz would retire in 2023 after seven years in the role. Pietrowicz, 57, will be succeeded by …

By Tom Hals and Dietrich Knauth -A mediator will soon outline recommendations for ending Purdue Pharma’s bankruptcy which is expected to provide billions of dollars to address the opioid crisis …