Financial News

By Kirstin Ridley LONDON – NatWest Group is facing a 2 million pound-plus ($2.7 million) compensation claim after a London tribunal ruled it had discriminated against an employee and unfairly …

WASHINGTON – U.S. homebuilding fell more than expected in January as many parts of the country experienced freezing temperatures, but a surge in permits suggested a rebound in the coming …

By Elizabeth Dilts Marshall NEW YORK – A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a …

By Dawn Chmielewski – Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said …

PARIS -Shares in French power utility EDF lost early gains and were down 1.3% after Les Echos reported that the government is leaning towards a more than 2 billion euro …

By Alexander Marrow and Katya Golubkova MOSCOW – The Russian rouble and stocks slipped in volatile trade on Thursday after Russian-backed rebels and Ukrainian forces traded accusations of firing shells …

By Joseph White and Kannaki Deka -No. 1 U.S. auto retailer AutoNation Inc beat Wall Street estimates for fourth-quarter profit and revenue on Thursday on robust demand for used vehicles …

-Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition Corp, a blank-check firm backed by former Barclays boss …

OTTAWA – Canadian home price gains accelerated again in January, climbing 1.3% from December, on rises in nine of the 11 major markets, data showed on Thursday. The Teranet-National Bank …

BERLIN -Germany’s financial watchdog BaFin said on Thursday that it planned to clamp down on the marketing, distribution and sale of futures products with additional payment obligations. It isn’t the …

BERLIN – German commercial vehicle maker Traton’s MAN unit plans to deliver its first electric truck in early 2024, MAN said on Thursday, adding that it was on track to …

HELSINKI – Nordea is aiming for 4% growth in lending volume and 4-6% growth in savings assets by the end of 2025 by improving its digital services, the bank said …

By Giuseppe Fonte and Gavin Jones ROME – Italy is working on a reform to make it easier for workers to retire early without bloating what is already Europe’s second …

-Retailer Canadian Tire Corp Ltd beat Wall Street estimates for quarterly profit and revenue on Thursday, as consumers splurged on sporting goods, garden equipment and home decor during the holiday …

LONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming monetary tightening policy cycle, ratings …

By Belén Carreño MADRID – Exports of Spanish goods soared 21.2% last year to surpass pre-pandemic levels despite global supply chain problems and the impact of Brexit, although Spain’s trade …

MILAN – Russian President Vladimir Putin has told Italy that Russia is ready to increase its gas supplies to the country if needed, the Russian ambassador to Italy Sergey Razov …

LONDON – Standard Chartered Chief Executive Bill Winters is keen to stay at the bank at least until the delivery of its new goal to hit a double-digit return by …

PARIS – French luxury group and Gucci owner Kering is eyeing second- and third-tier cities for possible store expansion in the United States, where its sales are booming, Chairman and …

By Jesús Aguado MADRID – Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly …

By Silke Koltrowitz ZURICH -Food group Nestle is confident of defending its profit margins against mounting cost pressures this year, planning more price increases after they helped it beat sales …

By Shivani Tanna and Mrinmay Dey -Amazon.com Inc has reached agreement with Visa Inc to accept its credit cards across its network, ending a standoff between the two that threatened …

By David Milliken LONDON – More than seven out of 10 British exporters have found no benefit from the trade deal that Britain agreed with the European Union after Brexit, …

BERLIN – Germany’s Volkswagen is in talks with China’s Huawei about acquiring an autonomous driving unit for billions of euros, Manager Magazin reported on Thursday. Automakers and technology firms are …