Financial News

DUBAI -Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of …

-SeaWorld Entertainment Inc said on Tuesday amusement park operator Cedar Fair LP has rejected the company’s takeover offer and it does not see a path to a transaction now. The …

By Jonathan Spicer and Nevzat Devranoglu ANKARA – President Tayyip Erdogan’s government is hoping that Turks will endure soaring living costs for just a few more months before inflation begins …

-U.S. crude oil stockpiles rose unexpectedly last week, even as inventories at the key Cushing hub dropped to their lowest level since 2018, the Energy Information Administration said on Wednesday. …

By Alexandra Valencia QUITO – Ecuador’s mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on …

LONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5 …

By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw …

DUBAI – Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia …

By Patturaja Murugaboopathy – Global non-financial companies have issued the lowest debt volumes in three years in the first six weeks of 2022, deterred by rising interest rates as governments …

WASHINGTON – U.S. business inventories increased strongly in December, with motor vehicle stocks accelerating, a sign that the worst of the global semiconductor shortage was probably behind. Business inventories increased …

WASHINGTON – Toyota Motor Corp said Wednesday it has resumed normal production at six plants in Ontario and the United States after protests by Canadian truck drivers prompted supply problems. …

– Backers of the U.S. biofuel industry told lawmakers on Wednesday that the nation’s renewable fuel mandates are good for farmers, national security and the environment, defending the controversial program’s …

By Tim Hepher PARIS – Airbus has launched a review of its defence strategy that could open the door to more strategic partnerships as Europe’s arms makers juggle security threats …

By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to …

-SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on …

BERLIN – Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with …

By Elizabeth Dilts Marshall NEW YORK -Bank of America Chief Executive Brian Moynihan said on Tuesday that consumer spending has continued to grow so far in February, indicating that the …

By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising …

By Ange Aboa ABIDJAN – Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the …

By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January. Canada’s …

WASHINGTON – Production at U.S. factories increased moderately in January as motor vehicle output fell for a second straight month amid an ongoing global shortage of semiconductors. Manufacturing output gained …

-Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in …

PARIS – Wall Street bank Goldman Sachs said its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader …

By Joseph White DETROIT – Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems …

By Paresh Dave NEW YORK – Alphabet Inc’s Google on Wednesday said it would keep alive for at least two years a tracking technology on its Android phones that is …