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  • Financial News

    Yandex warns Russian users of unreliable information online after Moscow threatens media

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By Alexander Marrow and Gleb Stolyarov MOSCOW – Russian tech giant Yandex has started warning Russian users looking for news about Ukraine on its search engine of unreliable information on …

  • Financial News

    Cutting Russia off SWIFT technically difficult – German govt spokesperson

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BERLIN – Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses …

  • Financial News

    Deutsche Telekom introduces free-of-charge calls to Ukraine

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BERLIN – Deutsche Telekom is making calls and text messages to Ukraine free of charge, the German telecommunications company said on Friday in a move to support people with families …

  • Financial News

    Italy must reduce reliance on Russian gas, lift domestic production -Draghi

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    ROME – Italy must reduce its reliance on gas imports from Russia and is ready to take further measures to protect consumers from rising energy prices after the invasion of …

  • Financial News

    Russian carmaker Avtovaz may suspend some assembly lines on Monday due to components shortage

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MOSCOW – Russia’s biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of …

  • Financial News

    Indian shares bounce back from Ukraine sell-off, snap 7-day losing run

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BENGALURU -Indian shares snapped a 7-day losing streak to close more than 2% higher on Friday, a day after their worst fall in over a year following Russia’s invasion of …

  • Financial News

    China urges banks, insurers to support affordable rental housing

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BEIJING – China’s banking and insurance regulator has issued guidelines urging banks and insurers to support the development of affordable rental housing, as Beijing vows to keep the property market …

  • Financial News

    U.S. companies grapple with surging costs as supply chain problems persist

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By Timothy Aeppel – Dave Petratis boosted wages for his U.S. factory workforce in December – six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO …

  • Financial News

    India explores setting up rupee trade accounts with Russia to soften sanctions blow – sources

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on …

  • Financial News

    Greece sees no disruption in gas flows, suppliers line up cargoes -minister

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    ATHENS – Gas flows to Greece are smooth and Greek gas suppliers have lined up additional gas cargoes if needed, Energy Minister Kostas Skrekas said on Friday, a day after …

  • Financial News

    BASF ready to push Wintershall Dea IPO against co-owner’s opposition

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    FRANKFURT -BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year even …

  • Financial News

    Casino shares slump as 2021 profit falls, debt rises

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By Dominique Vidalon PARIS -Casino shares slumped on Friday after the supermarket group reported a 12% drop in operating profit on lower sales last year and reignited investor concerns over …

  • Financial News

    Russia to widen trade, economic ties with Asia after Western sanctions

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping …

  • Financial News

    Virgin Atlantic avoiding Russian air space, routes to get longer

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    LONDON – Virgin Atlantic said on Friday it would avoid Russian airspace, meaning flights between Britain, India and Pakistan would take slightly longer. “We apologise for any inconvenience caused to …

  • Financial News

    IAG CEO Gallego: not seeing same degree of A350 issue as Qatar

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    LONDON -British Airways-owner IAG is not experiencing the same degree of issues as Qatar Airways with surface degradation of paint on the Airbus A350 jets it operates, Chief Executive Luis …

  • Financial News

    Russia closes its airspace to British airlines

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MOSCOW – Russia has banned British airlines from landing at its airports or crossing its airspace, its state civil aviation regulator said on Friday. The move follows London’s ban on …

  • Financial News

    COSCO Shipping suspends services in Ukraine

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BEIJING – The container shipping arm of China’s COSCO Shipping said on Friday that it will stop accepting new bookings for cargoes to and from Ukraine, the latest shipping group …

  • Financial News

    China’s Dalian commodity exchange raises intraday transaction fees for some futures contracts

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BEIJING – China’s Dalian Commodity Exchange said on Friday that it would raise intraday transaction fees for some contracts of soybean, soyoil, palm oil, coking coal and coke futures, according …

  • Financial News

    Never Knowingly Undersold no more, UK’s John Lewis drops 96-year old price pledge

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By James Davey and Aby Jose Koilparambil – British department store retailer John Lewis will this summer abandon the “Never Knowingly Undersold” price pledge it has maintained since 1925, it …

  • Financial News

    Porsche could IPO in fourth quarter, Volkswagen CFO says

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By Christoph Steitz and Jan Schwartz FRANKFURT -Porsche’s potential initial public offering (IPO) could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker’s …

  • Financial News

    Lending to euro zone households grows at fastest rate since late 2008

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual …

  • Financial News

    London Stock Exchange suspends VTB Capital’s membership

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine. The suspension means that VTB …

  • Financial News

    Italian banks’ govt bond holdings rise in January – ECB

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, …

  • Financial News

    China to expand wealth management pilot scheme for retirement savers – regulator

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    SHANGHAI – China will from March 1 expand a pilot scheme developing wealth management products aimed at retail investors looking to boost their retirement savings to more cities including Beijing …

  • Financial News

    Italian manufacturing and consumer confidence morale falls in Feb

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    ROME, Feb 25 – Morale amongst Italian manufacturers and consumers fell in February, coming in below analysts’ expectations and suggesting the economy has had a sluggish start to the year, …

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