All News

-Russia’s invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia’s rating to ‘junk’ status, Moody’s putting it on review for a downgrade to …

TOKYO – Japan is considering imposing economic sanctions on Belarus, in line with the United States, for its support of Russia’s invasion of Ukraine, two government officials with knowledge of …

– Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’. The sanctions …

-Rating agency S&P said on Friday it lowered Ukraine’s long-term foreign and local currency sovereign credit ratings to ‘B-‘ from ‘B’, citing risks to country’s economic growth and financial stability …

WASHINGTON – Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further …

By David Lawder WASHINGTON – U.S. President Joe Biden will nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S. Treasury’s next undersecretary …

By Tina Bellon – Uber Technologies Inc is testing a new driver earnings algorithm in 24 U.S. cities that allows drivers to see pay and destinations before accepting a trip …

By Erwin Seba HOUSTON -Oil companies led by Marathon Petroleum and the United Steelworkers (USW) agreed to a new national contract on Friday for 30,000 U.S. workers in refineries, chemical …

By Caroline Valetkevitch NEW YORK – The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp …

By Karen Freifeld – U.S. curbs on exports to Russia for invading Ukraine look tough at first glance, but exemptions on everything from mobile phones to airplane parts coupled with …

By Tim Hepher PARIS -Qatar Airways has asked a UK court to reinstate an order for 50 Airbus A321neo passenger jets that the European planemaker revoked as part of a …

By Hilary Russ and Danielle Kaye NEW YORK -Workers at a Starbucks Corp cafe in Mesa, Arizona, on Friday won their bid to join a labor union, marking the first …

LONDON -British Airways said “significant technical issues” had resulted in a number of flight cancellations and disruption across its operation on Friday. The airline said the problem, which was affecting …

WASHINGTON -The United States imposed sanctions on Friday on Russian President Vladimir Putin, Foreign Minister Sergei Lavrov, Defense Minister Sergei Shoigu and Chief of General Staff Valery Gerasimov for Russia’s …

By Ross Kerber -Some Western companies severed their ties with Russia on Friday, and others studied whether and how to do so, as President Vladimir Putin’s invasion of Ukraine triggered …

By Tom Sims and Carolyn Cohn FRANKFURT/LONDON -European and U.S. bank shares on Friday clawed back some of the previous day’s steep losses as the sector started to get to …

By David Lawder WASHINGTON -Ukraine has asked the International Monetary Fund for emergency financing, IMF managing director Kristalina Georgieva said on Friday, adding that the IMF was exploring all options …

By Howard Schneider WASHINGTON – The Federal Reserve’s preferred measure of inflation rose again in January and a new report from the central bank warned that price pressures could persist …

-Credit Suisse Group AG is trying to help the U.S. Department of Justice potentially build a case related to block trading against rivals Morgan Stanley and Goldman Sachs Group Inc, …

By Ben Klayman – Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia’s invasion of …

By Svea Herbst-Bayliss -Zendesk Inc said on Friday that its investors rejected a proposed takeover of SurveyMonkey parent Momentive Global and that it terminated the merger agreement. “While we were …

By Marcela Ayres -Brazil’s government cut an industrial tax (IPI) by 25% to fight inflation and help industry recover from a pandemic downturn, the country’s official gazette showed on Friday. …

WASHINGTON – The U.S. Treasury on Friday issued a new general license allowing international aid organizations and private firms to conduct commercial and financial transactions with Afghan government institutions. The …

By Sinéad Carew NEW YORK – Stocks around the world rebounded on Friday, the U.S. dollar fell and oil prices dipped as investors welcomed talk of renewed diplomacy after Russia’s …

By Daphne Psaledakis WASHINGTON – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting major banks and members of the elite coupled …