All News

By Andy Bruce and William Schomberg LONDON -Bank of England Deputy Governor Ben Broadbent said on Wednesday that policymakers should be clear about how they plan to react to changes …

By Nelson Banya and Helen Reid (Reuters) – A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking …

(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new …

By Kate Holton (Reuters) -Education group Pearson said on Wednesday it had rejected a third takeover offer from Apollo, valuing it at 6.7 billion pounds ($8.8 billion), prompting the U.S. …

HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household income and homebuyer demand caused …

By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday despite rising inflation, and trimmed its 2022 …

By Mike Dolan LONDON – If not now, when? Investors typically demand some added compensation for holding a security over many years to cover all the unknowables over long horizons …

LONDON -Home furnishings retailer IKEA said on Wednesday it planned to close its store in Tottenham, north London later this year, impacting 450 workers. IKEA said it was committed to …

VIENNA – Russia’s invasion of Ukraine has led Austria’s central bank to cut its growth forecast and sharply raise its inflation outlook for this year, it said on Wednesday, adding …

By Huw Jones LONDON – The impact of the Ukraine war on banks in the European Union is ‘manageable’ but the effects of commodity markets on lenders needs to be …

SHANGHAI – Five of China’s largest banks have said the country’s lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate …

By Lewis Krauskopf NEW YORK -As a stunning rebound in U.S. stocks charges on, investors are questioning how long the surge can continue in the face of a hawkish Federal …

HONG KONG -Hong Kong leader Carrie Lam said it was “unarguable” that the global financial hub was seeing a brain drain due to stringent coronavirus rules, but added she valued …

MADRID – Spanish consumer prices rose 9.8% year-on-year in March, their fastest pace since May 1985 and a jump from 7.6% in February, flash data from the National Statistics Institute …

By Saeed Azhar DUBAI – BlackRock Inc, the world’s biggest money manager, is seeking more infrastructure deals in Saudi Arabia and the Gulf region and is also looking to invest …

BRUSSELS – Euro zone economic sentiment fell sharply in March, data showed on Wednesday, as Russia’s invasion of Ukraine sent consumer confidence plummeting and their inflation expectations to record highs. …

(This March 29 story corrects to “lower” from “higher” in par 6) By Julia Payne and Dmitry Zhdannikov LONDON – Global energy trader Vitol Group made a record net profit …

SHANGHAI – Industrial and Commercial Bank of China (ICBC),, the world’s largest-listed lender by assets, reported a 10.65% rise in fourth-quarter net profit on Wednesday. Net profit for the three …

SHANGHAI – China’s securities regulator launched a crackdown on brokerages using feng shui to predict stock market trends in their research notes or investment advisory businesses, state-owned media reported on …

By Aditya Kalra and Aditi Shah NEW DELHI -India’s antitrust agency on Wednesday raided offices of tyre companies including Germany’s Continental AG and India’s Apollo Tyres and CEAT in a …

FRANKFURT – Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said …

PARIS – Carrefour said on Wednesday it aims to install over 700 electric vehicles charging stations and 5,000 charging points at its French hypermarkets and Carrefour Market supermarkets by 2025. …

COPENHAGEN – Jewellery maker Pandora said on Wednesday it had decided to leave the Responsible Jewellery Council (RJC) after the industry body failed to cut ties with Russia. The RJC, …

By Leika Kihara and Kevin Buckland TOKYO -Japan’s central bank stepped up efforts on Wednesday to keep a key bond yield below a red line, offering to buy more government …

(This March 29 story corrects Thyssenkrupp statement in para 4 after company clarifies that facility assembles production lines for powertrains and other products rather than producing powertrains) SHANGHAI – Shanghai’s …