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  • Financial News

    Blackstone and Toshiba deny buyout approach for Japanese conglomerate

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Makiko Yamazaki and David Dolan TOKYO -Blackstone Inc has never approached Toshiba Corp about a potential buyout, the two companies said on Thursday, denying a media report. Nikkei Business …

  • Financial News

    UK bonds on track for biggest gains since November after Ukraine invasion

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By David Milliken LONDON – British government bonds were on course for their biggest daily gains since late November on Thursday, joining a broader rally in safe-haven assets after Russia …

  • Financial News

    Polish fashion retailers LPP, CCC suspend Ukraine operations

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    – Poland’s two largest fashion retailers, LPP and CCC, are suspending all business in Ukraine, company officials said on Thursday, after Russia’s attack on its neighbour sent their shares plummeting. …

  • Financial News

    Discovery edges past quarterly revenue estimates on live sports, ad rebound

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Dawn Chmielewski and Chavi Mehta -Discovery Inc. beat Wall Street’s revenue expectations for its fourth-quarter, buoyed by live sports and higher advertising revenue, as it moves closer to completing …

  • Financial News

    Single and looking: The rise of the solo American homebuyer

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Chris Taylor NEW YORK – Sarah Crane is part of a booming proportion of the housing market: solo buyers. The 39-year-old economist purchased an attached row house in Philadelphia …

  • Financial News

    European defence stocks rise as Russia invades Ukraine

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Danilo Masoni MILAN – European defence stocks were among the rare gainers in a falling market on Thursday on bets of bigger spending after Russian forces invaded Ukraine in …

  • Financial News

    Russia’s VTB asks corporate clients to stay away from forex transactions, Ifax says

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    MOSCOW – Russian state bank VTB, the country’s second biggest bank, Russia’s no.2 bank, asked its corporate clients to refrain from transactions in U.S. dollars and euros to ‘minimize risks …

  • Financial News

    Scarcity and software set to power Mercedes-Benz through 2022

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Victoria Waldersee BERLIN -Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher costs and supply chain bottlenecks which are likely to continue …

  • Financial News

    UK PM Johnson vows massive sanctions against Russia

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Kylie MacLellan and William James LONDON -Prime Minister Boris Johnson said Britain and its allies would unleash a massive package of economic sanctions to hobble the Russian economy after …

  • Financial News

    Societe Generale says Russian unit Rosbank operates in “normal manner”

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – Societe Generale said on Thursday that its Russian unit Rosbank continued to operate normally and that the French banking group was complying with “all applicable regulations”. “Rosbank continues …

  • Financial News

    AB InBev sees steady growth as consumers venture out

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Philip Blenkinsop BRUSSELS -Anheuser-Busch InBev forecast on Thursday its profit would increase this year as consumers have more opportunities to drink outside of their homes after ending 2021 with …

  • Financial News

    Explainer-Why Russia drives European gas prices

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Susanna Twidale LONDON – European gas prices surged more than 30% on Thursday after Russian forces launched an invasion of Ukraine. Below outlines why Russia has so much impact …

  • Financial News

    China uncovers problems in inspection of financial sector – Xinhua

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    BEIJING -Chinese anti-corruption inspectors from the ruling Communist Party have uncovered a number of weaknesses in the financial sector in a two-month investigation, Xinhua news agency said on Thursday. China’s …

  • Financial News

    Insight Partners raises $20 billion for twelfth flagship fund

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    – Insight Partners said on Thursday it has raised $20 billion for its twelfth flagship fund as the New York-based private equity and venture capital firm looks to ramp up …

  • Financial News

    Explainer-What sanctions mean for Russia’s debt markets and investors

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Karin Strohecker LONDON – Western capitals have started putting in place fresh restrictions on Russia’s sovereign debt as they seek to ratchet up pressure on Moscow over the conflict …

  • Financial News

    Canada’s Loblaw beats estimates for quarterly revenue

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    – Canadian retailer Loblaw Cos Ltd beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at …

  • Financial News

    Chinese tech giant Tencent pledges carbon neutrality by 2030

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Brenda Goh SHANGHAI -China’s Tencent Holdings Ltd plans to achieve carbon neutrality in its operations and supply chain by the end of the decade, the firm said on Thursday. …

  • Financial News

    Top Russian lender Sberbank ready for anything as sanctions loom

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Alexander Marrow MOSCOW -Russia’s largest lender Sberbank said on Thursday that it was prepared for any developments as the threat of sanctions grew after Russian forces attacked Ukraine, sending …

  • Financial News

    Explainer-Europe braces for economic hit from Ukraine conflict

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Mark John – Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions …

  • Financial News

    UK retail sales growth slows in Feb, price pressures mount – CBI

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – British retailers reported slower sales growth in February but said demand was better than normal for the time of year as the Omicron wave of coronavirus cases eased, …

  • Financial News

    Factbox-Ukraine’s energy options limited in event of Russian gas disruption

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    KYIV – Ukraine, with a population of 41 million, is one of the largest energy consumers in Europe and is also a key transit country for Russian gas to Europe. …

  • Financial News

    Exclusive-Tesla plans new Shanghai plant to more than double China capacity – sources

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    SHANGHAI – Tesla Inc plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity …

  • Financial News

    Mercedes-Benz targets U.S. for hands-free driving certification this year – CEO

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    BERLIN – Mercedes-Benz hopes to acquire certification for Level 3 autonomous driving in the United States this year, and discussions with authorities in China on the topic are ongoing, Chief …

  • Financial News

    Wintershall Dea: political suspension of Nord Stream 2 would enable claims

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Christoph Steitz and Patricia Weiss FRANKFURT -Wintershall Dea, one of the co-funders of Gazprom’s Nord Stream 2 gas pipeline, on Thursday said cancelling the project on political grounds would …

  • Financial News

    Wintershall Dea: Today not a day to discuss financial results

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    BERLIN – Wintershall Dea, one of the co-funders of Gazprom’s Nord Stream 2 pipeline, cancelled a news conference to discuss its yearly financial results, citing concerns over Russia’s attack on …

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