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  • Financial News

    U.S. small business sentiment drops to lowest in over a year – survey

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    – U.S. small business confidence fell to the lowest in over a year in February in the face of a wave of inflation that is forcing a record percentage of …

  • Financial News

    Ukraine war to sully clothes sales from Levi to Ralph Lauren

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Praveen Paramasivam – Levi Strauss and Ralph Lauren are among U.S. apparel brands likely to be worst hit by Russia’s invasion of Ukraine which is again clogging supply chains …

  • Financial News

    Putin signs law allowing government to quickly raise pensions – RIA

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    – Russian President Vladimir Putin has signed a law allowing his government to quickly raise pensions, part of a set of anti-crisis measures after Russia was hit by a wave …

  • Financial News

    GM gears up to launch new premium import business in China

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    BEIJING – General Motors Co plans to create a new, independently owned premium brand in China that will market what the automaker’s China chief Julian Blissett recently described as “halo …

  • Financial News

    White House is likely to ban oil imports from Russia -U.S. Senator Coons

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    WASHINGTON – The White House is likely to ban Russian oil imports and is working closely with European allies on the issue, Democratic U.S. Senator Chris Coons said on Tuesday. …

  • Financial News

    Remorseful Shell abandons Russian oil

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    -Shell stopped buying Russian crude on Tuesday and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the …

  • Financial News

    New index shows U.S. inflation expectations shifting higher

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Howard Schneider WASHINGTON – One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to …

  • Financial News

    Major oil companies aim for zero methane emission by 2030

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    HOUSTON – A group of the world’s top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has committed to cut fugitive emissions …

  • Financial News

    London Metal Exchange cancels nickel trades after price doubles

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    LONDON – The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and spurred the exchange to suspend …

  • Financial News

    Spanish rule protecting gig-economy riders leads to labour shortage, Uber says

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Christina Thykjaer MADRID – A Spanish law passed last year forcing food delivery companies to contract their couriers as staff has caused a labour shortage as many prefer to …

  • Financial News

    WeWork rival IWG to merge digital assets with The Instant Group

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Aby Jose Koilparambil – Office rental company IWG said it would merge its digital assets with flexible workspace platform The Instant Group, as office space providers benefit from the …

  • Financial News

    Soaring prices set stage for eventual reversal of oil, gas demand

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Sabrina Valle, Arathy Somasekhar and Liz Hampton HOUSTON – Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers …

  • Financial News

    Exclusive-Enel ready to resume LNG plan as Italy steps up gas hunt

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Stephen Jewkes and Angelo Amante MILAN -Italy’s biggest utility Enel is ready to dust off plans to build a liquefied natural gas (LNG) terminal in southern Italy as Rome …

  • Financial News

    Carmakers face soaring metal costs with Russian supplies at risk

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Nick Carey and Christina Amann LONDON -Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals …

  • Financial News

    Retail gasoline prices hit all-time record – AAA

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    – Retail gasoline prices in the United States surged to an all-time record on Tuesday, and prices are expected to keep rising as the United States moves toward banning Russian …

  • Financial News

    Explainer-What’s next for Purdue Pharma after $6 billion opioid settlement?

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    – Members of the Sackler family that own Purdue Pharma struck a new settlement last week with a group of eight states and the District of Columbia to resolve widespread …

  • Financial News

    Canadian dollar decouples from oil, adding to BoC inflation headaches

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Fergal Smith TORONTO – As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian dollar and energy prices has …

  • Financial News

    Jet fuel price surge deals heavy blow to fragile air travel recovery

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Koustav Samanta SINGAPORE – Global jet fuel prices have surged to near 14-year highs in line with crude oil’s surge on supply shortfall worries, slamming air carriers and travellers …

  • Financial News

    U.S. Midwest carbon pipeline has secured less than 2% of key Iowa route, filings show

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Leah Douglas – Landowners in Iowa have been slow to cede their property rights to a 2,000-mile (3,219 km) proposed carbon dioxide pipeline that would cut through the U.S. …

  • Financial News

    Palladium firms near all-time peak on Ukraine, gold above $2,000/oz

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Bharat Gautam – Palladium attempted to consolidate off an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, …

  • Financial News

    Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    BANGKOK – Thailand’s economy may grow less than the 3.5 to 4.5% forecast this year due to the impact of the Ukraine crisis on tourism, trade and consumption, its finance …

  • Financial News

    At the top of Europe’s banks, it’s still a man’s world

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Brenna Hughes Neghaiwi and Tom Sims ZURICH/FRANKFURT – Women remain rare visitors to the highest echelons of European banks. The 25 biggest banks by assets have seen 22 changes …

  • Financial News

    Exclusive-EU to sanction more Russian oligarchs, Belarus banks over Ukraine invasion -sources

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Francesco Guarascio, Jan Strupczewski and John Chalmers BRUSSELS – The European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that …

  • Financial News

    Fines over cheaper ‘posted workers’ must be proportionate, EU court says

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Foo Yun Chee BRUSSELS – Fines on companies that send workers from low-pay EU states to richer member states and fail to comply with the latter’s red-tape should be …

  • Financial News

    Telecom Italia shares rebound as KKR bid hopes revived

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    MILAN -Shares in Telecom Italia (TIM) bounced more than 10% on Tuesday after an Italian newspaper reported that U.S. fund KKR was still interested in a takeover deal, albeit at …

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