By Karen Brettell – With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on …
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By Francesco Guarascio and Gabriela Baczynska BRUSSELS – Top European Union diplomats have agreed to add Chelsea football club owner Roman Abramovich to the EU list of Russian billionaires sanctioned …
- Financial News
EU members should keep budgets ‘reactive’ over Ukraine crisis – France
by Reutersby ReutersPARIS – EU governments need to keep their fiscal stances “reactive” in the face of the current Ukraine crisis with targetted measures for households and firms, French Finance Minister Bruno …
- Financial News
India’s top refiner IOC buys 3 million bbls Russian Urals crude via tender -sources
by Reutersby ReutersBy Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its …
- Financial News
AT&T, One America News to keep ad deal even after DirecTV drops network
by Reutersby ReutersBy John Shiffman WASHINGTON – AT&T’s financial relationship with One America News is deeper than previously known and will continue even after DirecTV drops the far-right network from its satellite …
- Financial News
Russian central bank raises 1.4 trln roubles at 1-day deposit auction
by Reutersby Reuters– Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion …
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SHANGHAI – China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle, according to …
- Financial News
Russian energy import stop could cost Germany up to 3% of GDP -economists
by Reutersby ReutersBERLIN – A halt to Russian energy imports could cost Germany up to 3% of its gross domestic product (GDP) in the short term, estimates by the EconPol Europe network …
- Financial News
U.S. step to delist Chinese ADRs worsens investment, listing outlook
by Reutersby ReutersBy Xie Yu and Selena Li HONG KONG – The U.S. securities regulator’s move to identify Chinese firms likely to be delisted from New York for not meeting auditing requirements …
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– The S&P 500 index will end 2022 about 1% lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs …
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By Ludwig Burger -Sanofi’s shares slid 5% on Monday after a drug candidate to fight a common type of breast cancer failed to slow progression of the disease in a …
- Financial News
New wave of inflation – and disruptions – hits U.S. factory floors
by Reutersby ReutersBy Timothy Aeppel – Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal …
- Financial News
Wall Street banks’ staff churn to double this year after bonus payouts – experts
by Reutersby ReutersBy Elizabeth Dilts Marshall NEW YORK – Staff turnover on Wall Street is set to surge in coming weeks as investment bankers who held off job-hunting during the pandemic cash …
- Financial News
Stockpiling Russians buy electronics, pharmacy goods as crisis deepens -PSB
by Reutersby Reuters– Russians rushed to buy electronics and pharmaceuticals and spent more on clothes and food in the first week of March, Promsvyazbank (PSB) said, stockpiling goods as the rouble plunged …
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MADRID – Spain expects “in the coming hours” to approve emergency purchases of corn from Argentina and the United States for animal feed after supply gaps left by Russia’s invasion …
- Financial News
Pet collars and casual clothing mark pandemic shift in UK inflation basket
by Reutersby ReutersBy David Milliken LONDON – Pet collars and casual clothing are replacing takeaway doughnuts and men’s two-piece suits this year as Britain’s statisticians update their inflation calculations to account for …
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LONDON -HSBC announced on Monday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest …
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FRANKFURT – Swiss Re said on Monday that it was not taking on new business with Russian and Belarusian clients, and that it was not renewing existing business with Russian …
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PARIS – French luxury group Kering said on Monday its Kering Eyewear division had signed an agreement to acquire U.S. high-end sunglass maker Maui Jim, Inc. for an undisclosed amount. …
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AMSTERDAM – Dutch paints and coatings maker Akzo Nobel expects its four plants in Russia to be out of business within a few months due to economic sanctions and a …
- Financial News
Telecom Italia to start talks with KKR, explore Open Fiber merger
by Reutersby ReutersBy Elvira Pollina and Valentina Za MILAN -Telecom Italia said on Sunday it would start formal talks with KKR to assess the U.S. fund’s potential 10.8 billion euro ($11.8 billion) …
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A look at the day ahead in markets from Julien Ponthus. There’s arguably never a good time for the COVID-19 pandemic to make a comeback but the surging cases in …
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By Sam Nussey TOKYO -SoftBank Group Corp’s Vision Fund sold shares worth $1 billion in South Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of …
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By Simon Jessop, Tommy Wilkes and Tim Hepher LONDON/PARIS -Largely ignored by the growing ranks of Europe’s socially minded investors, defence firms see a fresh chance to argue for a …
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(Corrects surname in third-from-last paragraph to Brown in this March 8th story) By Lisa Pauline Mattackal and Medha Singh – Bitcoin’s been known to freak out when Elon Musk tweets …