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  • Financial News

    EU rules take aim at illegal data transfer to non-EU governments

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Foo Yun Chee BRUSSELS -Amazon, Microsoft and other providers of cloud and data processing services will have to set up safeguards to prevent non-EU governments gaining illegal access to …

  • Financial News

    Brazilian shoemaker Alpargatas raises $492 million in share sale

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    SAO PAULO – Brazilian shoemaker Alpargatas has raised 2.49 billion reais ($492 million) in a planned follow-on share offering, a securities filing showed. Investment firm Itausa, which was already one …

  • Financial News

    First Abu Dhabi Bank set to sell $500 million sukuk

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over …

  • Financial News

    Analysis-ECB has to fight housing bubble with its hands tied

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Francesco Canepa FRANKFURT – From Luxembourg to New Zealand, global house prices have been surging as pandemic stimulus and a shift to work from home added fuel to a …

  • Financial News

    Vodafone looks to sell stake worth $2.5 billion in Indian cell tower firm

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    -Britain’s Vodafone is looking to sell its entire 28.1% stake in Indus Towers Ltd, India’s largest cell tower firm, the telecom group said on Wednesday. Vodafone has launched an initial …

  • Financial News

    Localiza, Unidas close to assets sale to win merger approval -report

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    SAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for …

  • Featured NewsFinancial News

    Facebook did not label posts from top climate change deniers, report says

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Elizabeth Culliford – Facebook did not add labels to half of posts pushing content from top climate change deniers, according to an analysis from the Center for Countering Digital …

  • Financial News

    ECB’s de Guindos says asset purchases must end before raising rates

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    MADRID – European Central Bank Vice-President Luis de Guindos said on Wednesday that the institution will first need to end asset purchases before interest rates can rise. “We will look …

  • Financial News

    Hong Kong budget offers COVID relief with tax breaks, handouts

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Twinnie Siu and Donny Kwok HONG KONG -Hong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent …

  • Financial News

    UK says it is ready to guarantee up to $500 million loans to support Ukraine

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    LONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign …

  • Financial News

    UK says it is ready to guarantee up to $500 million loans to support Ukraine

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    LONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign …

  • Financial News

    ECB should keep steady hand in face of shocks

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    FRANKFURT – The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB …

  • Financial News

    Russia will offer only new OFZ government bonds after U.S. sanctions

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Andrey Ostroukh MOSCOW – Russia will offer only new series of OFZ government bonds and stop offering existing series of debt, the finance ministry said on Wednesday, after the …

  • Financial News

    IMF urges Bank of England to be clear about stimulus plans

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Andy Bruce LONDON – The International Monetary Fund told the Bank of England on Wednesday to be clear about its plans to withdraw stimulus for Britain’s economy, following criticism …

  • Financial News

    ECB has space to gradually normalize policy: Vasle

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    FRANKFURT – The European Central Bank should start to gradually normalize monetary policy given building inflationary pressures, Slovenian central bank chief Bostjan Vasle said in a magazine article. “The time …

  • Financial News

    Uniper not looking at legal action on Nord Stream 2 – for now

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    FRANKFURT – Uniper, one of the five co-financiers of Gazprom’s Nord Stream 2, is currently not examining any legal steps in the wake of Germany’s decision to indefinitely suspend the …

  • Financial News

    Aston Martin sales rev up on higher prices, more profitable cars

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Nick Carey LONDON -Aston Martin narrowed its annual loss in 2021 as sales surged and the company said on Wednesday it expected further improvements this year as it launches …

  • Financial News

    UPS loses $2 billion euro claim for EU veto on TNT bid

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Foo Yun Chee LUXEMBOURG -The world’s No. 1 logistics company, United Parcel Service Inc, on Wednesday lost its court fight for a record 1.74-billion euro ($2 billion) compensation claim …

  • Financial News

    Metro Bank’s annual loss narrows, cautious on outlook

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Yadarisa Shabong -Metro Bank said on Wednesday its annual loss narrowed and it has put aside 5.3 million pounds ($7.2 million) to resolve an investigation by Britain’s financial regulator …

  • Financial News

    Puma says China boycott, cost pressures weigh in 2022

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Emma Thomasson BERLIN -Puma said on Wednesday it expected sales to grow at least 10% in 2022 but the German sportswear maker cautioned that a consumer boycott in China …

  • Financial News

    Ted Baker shares jump after strong fourth-quarter sales

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    By Sachin Ravikumar -Fashion retailer Ted Baker is “cautiously optimistic” about the outlook for the current year after a 35% year-on-year jump in sales in the fourth quarter, a period …

  • Financial News

    BoE’s Bailey speaks to lawmakers about rate hike decision

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise …

  • Financial News

    Biden team seeks port revival plans as it spends infrastructure cash

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    WASHINGTON – The Biden administration is looking for projects to revamp U.S. ports as it ramps up spending from the $1 trillion infrastructure bill. President Joe Biden, facing political pressure …

  • Financial News

    UK in most challenging time for monetary policy since 1992: BoE’s Broadbent

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    LONDON – Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank of England Deputy Governor Ben …

  • Financial News

    Poland’s unemployment rate rises to 5.5% in January

    by Reuters February 23, 2022
    by Reuters February 23, 2022

    – Poland’s registered unemployment rate rose to 5.5% in January compared with 5.4% in December, statistics office data showed on Wednesday, below analysts’ expectations of 5.6%. The statistics office also …

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