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  • Financial News

    Food prices hit record high in March, U.N. agency says

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Gus Trompiz PARIS -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and …

  • Financial News

    Global sustainable bond issuance takes Q1 hit on Ukraine crisis

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Patturaja Murugaboopathy (Reuters) – Global sustainable bond issuance slowed faster than the broader market in the first quarter, hit by a surge in market volatility after Russia invaded Ukraine …

  • Financial News

    Shell raises Russia writedown to as much as $5 billion

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Ron Bousso LONDON – Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted …

  • Financial News

    Elon Musk’s arrival stirs fears among some Twitter employees

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Sheila Dang (Reuters) -News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm’s …

  • Financial News

    Chile inflation surges to 1.9% in March, highest level since 1993

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Fabian Cambero SANTIAGO – Chile’s consumer prices rocketed 1.9% in March, the highest monthly rise in almost thirty years, underscoring the challenge for authorities as they battle spiraling inflation …

  • Financial News

    Lufthansa takes out loan facility of $2.17 billion

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    BERLIN – Germany’s flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to …

  • Financial News

    Afreximbank sets up $4 billion trade fund to cushion against Ukraine-related shocks

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    NAIROBI – Afreximbank said on Wednesday it had set up a $4 billion trade finance programme to cushion economies and businesses on the continent against shocks arising from the war …

  • Financial News

    Canada gains 72,500 jobs in March, jobless rate falls to record low of 5.3%

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    TORONTO – Canada’s economy gained a net 72,500 jobs in March, entirely in full-time work, Statistics Canada said on Friday. The jobless rate fell to a record low of 5.3%. …

  • Financial News

    Shell in race for $1.1 billion Spanish green energy projects, sources say

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Isla Binnie and Andres Gonzalez MADRID – Oil major Shell and utilities Naturgy and Verbund are preparing binding bids to buy renewable energy assets in Spain valued at about …

  • Financial News

    Europe faces recession risk, so why are bond curves so steep?

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The euro area economy is one of the most vulnerable to the fallout from Russia’s invasion of Ukraine, yet the message coming …

  • Financial News

    Brazil’s inflation tops forecasts with sharpest rise for March in 28 years

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as higher fuel prices weighed on …

  • Financial News

    China will step up policy support for the economy – state media

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    BEIJING – China will step up policy measures in timely way to support the economy while studying new stimulus plans, state media on Friday quoted Premier Li Keqiang as saying. …

  • Financial News

    U.S. bond funds post outflows for 13th week in a row

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    (Reuters) – U.S. investors remained net sellers of bond funds in the week to April 6 on rising prospects of rapid reductions to the Federal Reserve’s balance sheet alongside steady …

  • Financial News

    EU forms team to start jointly buying non-Russian gas

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Kate Abnett BRUSSELS – The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance …

  • Financial News

    Mercedes-Benz accelerates in-house software push with new tech centre

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    BERLIN – Mercedes-Benz opened a new 200 million euro ($217 million) software centre in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring …

  • Financial News

    German coal importers expect a brief spike in prices on EU ban

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers’ …

  • Financial News

    Caixabank has sufficient provisions to withstand current uncertainty, CEO says

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Jesús Aguado MADRID – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. …

  • Financial News

    India cbank holds rates but starts to rein in loose policy as inflation risks rise

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Swati Bhat and Aftab Ahmed MUMBAI -The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept …

  • Financial News

    European equity funds notch big inflows in week to April 6

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    (Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted …

  • Financial News

    Russian central bank cuts key rate to 17%, signals further easing

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    (Reuters) -The Russian central bank sharply cut its key rate to 17% on Friday and said future cuts were possible, as emergency steps had contained the risk to financial stability, …

  • Financial News

    Japan finance panel warns on higher rates pushing up borrowing costs

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to …

  • Department of Justice Press Releases

    Syracuse Man Sentenced to 366 Days for Assaulting a U.S. Postal Employee

    by DOJ Press April 8, 2022
    by DOJ Press April 8, 2022

    SYRACUSE, NEW YORK – Javon Mayo, 30, of Syracuse, New York, was sentenced yesterday to a 366-day term of imprisonment for assaulting a United States Postal Service letter carrier, announced …

  • Financial News

    U.S. bank earnings to decline in first quarter

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By David Henry NEW YORK – Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong …

  • Financial News

    A “recession shock” is coming, BofA warns

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    LONDON – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists …

  • Financial News

    Vietnam automaker VinFast files for U.S. IPO to fund expansion

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    By Phuong Nguyen HAIPHONG -Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) with U.S. securities regulators, as it plans spending …

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