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By Julien Ponthus LONDON – The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 …

KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with …

(Reuters) – U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest rates higher than previously expected …

By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on …

By Carolyn Cohn LONDON -BlackRock’s iShares will close its MSCI Russia and MSCI Eastern Europe exchange-traded funds, BlackRock said on Friday, joining several other funds which have shut their doors …

By David Milliken LONDON – Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame for the current surge in inflation …

By Isabel Woodford MEXICO CITY – Not all is rosy for Mexico’s economy as it deals with a two-decade annual inflation high and sluggish economic growth, but consumption levels have …

By Leroy Leo (Reuters) – Abbott Laboratories’ India unit has completed a recall of baby formula products that were manufactured at the company’s troubled Michigan facility in the United States, …

(Reuters) – The nationwide shortage of baby formula has prompted the United States to temporarily allow foreign imports from other suppliers, while reaching a deal with Abbott Laboratories on steps …

SHANGHAI -China’s foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge volatility in the Chinese yuan. …

By Joyce Lee SEOUL -Samsung Electronics Vice Chairman Jay Y. Lee hosted U.S. President Joe Biden’s tour of a semiconductor plant in South Korea, after being excused from attending an …

By Michelle Nichols UNITED NATIONS -U.S. Secretary of State Antony Blinken accused Russia on Thursday of using food as a weapon in Ukraine by holding “hostage” supplies for not just …

LONDON -British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest …

By Lawrence White and Iain Withers LONDON – Nationwide Building Society said on Friday rocketing inflation could send British house prices into reverse, in one of the clearest warnings yet …

(Reuters) – Global investors massively cut their positions in bond and equity funds in the week ended May 18 on concerns of inflation and that rising interest rates will lead …

By Jonathan Cable LONDON – British home prices will rise further over the next few years but a cost of living crisis coupled with increasing mortgage rates will keep the …

(Reuters) -The Russian rouble rallied to its strongest levels against the euro and dollar since June 2015 and March 2018 respectively on Friday, which analysts attributed to EU countries preparing …

By Yousef Saba DUBAI -UAE conglomerate e& said on Friday it will consider joint investments with Vodafone after buying a 9.8% stake in the British company last week, and is …

LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity …

LONDON – The trillions wiped off global markets in recent weeks has triggered a contrarian ‘buy’ signal from BofA’s closely-followed ‘Bull & Bear’ sentiment indicator, while emerging markets are seeing …

By Gergely Szakacs BUDAPEST – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian …

TOKYO – Japanese Prime Minister Fumio Kishida said it was important for Japan to maintain close ties with overseas currency authorities, in an exclusive interview with Nikkei newspaper published on …

TAIPEI -Taiwan’s export orders — a bellwether for global technology demand — fell for the first time in 25 months in April, taking a larger-than-expected hit from COVID lockdowns in …

(Correcting typo on Huawei RIC) BEIJING – Beijing said on Friday that it was opposed to Canada’s plan to ban the use of 5G equipment from China’s Huawei Technologies Co …