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KYIV – Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of their earnings in local currency to reserves to …

By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing …

FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing …

CLARKSBURG, WEST VIRGINIA – Shelly Anne Leipham, of Las Vegas, Nevada, was found guilty by a federal jury today of fraud charges, United States Attorney William Ihlenfeld announced. After a …

SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a new debt renegotiation program for …

(Reuters) -U.S. refiner Phillips 66 on Friday promised to resume share buybacks in the current quarter, after posting a quarterly profit that surpassed Wall Street expectations as demand for fuel …

(Reuters) -CBOE Global Markets Inc topped first-quarter profit expectations on Friday, as growth in transaction volumes for the exchange operator resulted in higher fees from trading options. Net income, excluding …

By Aditi Shah MUMBAI -Tata Motors said on Friday it plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers …

BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to …

PARIS -The public transport operator (RATP) in Paris temporarily suspended on Friday the use of 149 electric buses made by Bollore’s Bluebus brand after two of the vehicles caught fire. …

By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT -Euro zone economic growth was slower than expected in the first three months of the year, preliminary data showed on Friday, as the …

By Gianluca Semeraro and Valentina Za MILAN -Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from a group of rebel domestic …

(Reuters) – U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve. According …

By Andrea Shalal WASHINGTON – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of …

(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the …

LONDON -Barclays has temporarily halted market making in some of its own debt securities following a trading blunder, the British bank said on Friday. Barclays disclosed on March 28 that …

By Michael Erman (Reuters) – Drugmaker Bristol Myers Squibb posted slightly better-than-expected first-quarter earnings on Friday on growth of sales of its blood thinner Eliquis and cancer drug Opdivo, but …

By Stine Jacobsen and Nikolaj Skydsgaard COPENHAGEN – Shares in Novo Nordisk jumped on Friday after the firm lifted its 2022 sales and operating profit guidance on the back of …

By Stephen Jewkes and Francesca Landini MILAN -Eni will press ahead with plans to find alternative gas supplies following Russia’s invasion of Ukraine after first-quarter profits soared above expectations on …

By Tim Hepher and Christina Amann PARIS/MUNICH – European planemaker Airbus looks set to raise narrowbody jetliner production for 2024 after reaching a compromise deal with at least two suppliers …

(Reuters) – A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million roubles ($1.28 million) in damages for consumers affected …

By Howard Schneider (Reuters) – The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts …

By Tom Hals (Reuters) – Elon Musk’s $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO’s $56 billion pay …

By Alexandra Alper WASHINGTON – Chipmakers are divided over how aggressively to oppose a legislative proposal that would give the U.S. government sweeping new powers to block billions in U.S. …

By Dominique Vidalon PARIS -French spirits group Remy Cointreau said on Friday it was confident over prospects for this year, predicting a strong start to business in its first quarter …