– 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 …
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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 Reutersby Reuters– 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 …
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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 …
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White House is likely to ban oil imports from Russia -U.S. Senator Coons
by Reutersby ReutersWASHINGTON – 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. …
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-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 …
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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 …
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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 Reutersby ReutersLONDON – 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
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Exclusive-Enel ready to resume LNG plan as Italy steps up gas hunt
by Reutersby ReutersBy 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 …
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Carmakers face soaring metal costs with Russian supplies at risk
by Reutersby ReutersBy 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 …
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– 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 Reutersby Reuters– 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 …
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Canadian dollar decouples from oil, adding to BoC inflation headaches
by Reutersby ReutersBy 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 …
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Jet fuel price surge deals heavy blow to fragile air travel recovery
by Reutersby ReutersBy 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 …
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U.S. Midwest carbon pipeline has secured less than 2% of key Iowa route, filings show
by Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBANGKOK – 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 …
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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 Reutersby ReutersBy 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 …
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Fines over cheaper ‘posted workers’ must be proportionate, EU court says
by Reutersby ReutersBy 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 …
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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 …