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By Hannah Lang WASHINGTON – The cryptocurrency industry is scrambling to respond to U.S. lawmakers’ concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market. …

LONDON – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in …

By Francesco Canepa KOENIGSWINTER, Germany – The world’s top central bankers and finance ministers gathering near Germany’s Dragon’s Rock on Thursday have their own beast to slay: stagflation. The Group …

(Reuters) – Russia’s economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday, giving a much more optimistic forecast than the economy ministry. …

(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks. …

By Uditha Jayasinghe COLOMBO – Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on …

By Emma-Victoria Farr and Sachin Ravikumar FRANKFURT -Canada’s Brookfield Asset Management has agreed to buy British home repair services firm HomeServe for 4.08 billion pounds ($5.04 billion), as it looks …

(Reuters) – Production of Russia’s Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz, two sources told Reuters on Thursday, with the model …

PARIS – Renault unveiled on Thursday a prototype hydrogen fuel cell-powered sports utility vehicle (SUV), as the French carmaker scrambles to catch up with rivals in the race to cleaner …

By Sonali Paul BRISBANE -Woodside Petroleum’s shareholders on Thursday voted for a merger with BHP Group’s petroleum arm to create a top 10 global independent oil and gas producer worth …

By Karin Strohecker and Jorgelina do Rosario LONDON – The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing Moscow …

By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank governor said on Thursday he will stay on as head of the bank given an improvement in political …

By Saikat Chatterjee LONDON – Two major banks expect more pain for the U.S. stock markets after benchmark indexes posted on Wednesday their worst one-day losses in two years. In …

By Scott Murdoch HONG KONG – Hong Kong’s new listings volume plunged 90% to a nine-year low this year, data showed, as China’s sharp economic slowdown and its regulatory drive …

By Jihoon Lee and Cynthia Kim SEOUL – Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a …

By Marc Jones LONDON – A new study by the central bank to the world’s central banks, the Bank of International Settlements (BIS), has called for urgent action to tackle …

By Gianluca Semeraro MILAN -Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month …

By David Shepardson WASHINGTON -A U.S. auto safety agency said Wednesday it has opened an investigation into a fatal crash involving a Tesla vehicle in California this month that resulted …

MADRID – Spanish telecom firm Telefonica said on Thursday it agreed to sell a 7.08% stake in the media group Prisa, the publisher of El Pais newspaper, for 34 million …

(Reuters) – Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India’s IT services industry enjoyed during the pandemic, …

SHANGHAI – China is expected to cut benchmark lending rates at its monthly fixing on Friday, a second reduction this year, a Reuters survey showed, as it seeks to prop …

PARIS – France Info radio said on Thursday there was evidence pointing to potential financial irregularities linked to a Swiss unit of French care home operator Orpea. An Orpea spokeswoman …

By Leika Kihara TOKYO – A rapid decline in the yen and market distortions caused by current monetary settings have raised the political heat on the Bank of Japan as …

ZURICH – Credit Suisse has received its second ratings downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses …

By Uditha Jayasinghe and Swati Bhat COLOMBO -Sri Lanka’s central bank held its key interest rates steady on Thursday following a massive 700 basis points increase at its previous meeting …