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  • Financial News

    Air France-KLM to seek up to 4 billion euros to repay state aid, shares sink

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Piotr Lipinski PARIS -Air France-KLM plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing …

  • Financial News

    Japan’s trade deficit jumps to 8-year high as commodity imports soar

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Daniel Leussink and Kantaro Komiya TOKYO -Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers …

  • Financial News

    Norway’s oil firms hike 2022 investment plans

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Nerijus Adomaitis OSLO – Norway’s oil and gas firms plan to invest almost $18 billion this year, more than originally expected, as they take advantage of pandemic-era tax incentives, …

  • Financial News

    French insurer CNP to stop financing new oil and gas projects

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Simon Jessop LONDON – France’s CNP Assurances will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing …

  • Financial News

    Commerzbank sees strong 2022 as quarterly profit trounces estimate

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Tom Sims and Frank Siebelt FRANKFURT – Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and …

  • Financial News

    ECB’s De Cos says withdrawal of stimulus scheme should be data-dependent, gradual

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    MADRID – European Central Bank policymaker Pablo Hernandez de Cos on Thursday said that any premature tightening of monetary policy would only hurt the economy and stimulus should be withdrawn …

  • Health and WellnessUS and World News

    Moderna eyes COVID booster by August, not clear yet if Omicron-specific needed

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    (This Feb. 16 story has been corrected to show price to be very similar to high-dose flu vaccine, not COVID vaccine, in paragraph 8) By Francesco Guarascio BRUSSELS – An …

  • Financial News

    EasyJet wants more Milan slots if ITA links with Lufthansa – paper

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    ROME – EasyJet would want more slots at Milan’s Linate airport should carrier ITA team up with Germany’s Lufthansa, the chief executive of the British carrier said, indicating the airline’s …

  • Financial News

    StanChart bets on rate hikes to hit lofty goals as profit disappoints

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Anshuman Daga and Lawrence White SINGAPORE/LONDON – Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks …

  • Financial News

    China urges some iron ore traders to reduce inventory

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Min Zhang and Dominique Patton BEIJING – China’s state planner has told some iron ore traders to release excessive inventory and reduce stocks to reasonable levels, following a joint …

  • Financial News

    G20 must push relief to avoid debt crises – experts, campaigners

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Joe Bavier and Rachel Savage JOHANNESBURG/LONDON -Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and …

  • Financial News

    Coffee chains Starbucks, Tim Hortons raise prices in China

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    BEIJING – Coffee chains such as Luckin Coffee and Tim Hortons have increased the prices of their beverages in China, with U.S. giant Starbucks blaming “multiple factors” such as higher …

  • Financial News

    Philippine central bank stands pat on rates, flags recovery risks

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Neil Jerome Morales and Enrico Dela Cruz MANILA -The Philippine central bank left key interest rates unchanged for a 10th consecutive policy meeting on Thursday, reaffirming continued support for …

  • Financial News

    Continental considering four-way split -Manager Magazin

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    BERLIN – Continental is considering splitting into four separate businesses to boost its market capitalisation but must convince majority shareholder Schaeffler of the plan, Manager Magazin reported, sending Continental shares …

  • Financial News

    LIC’s looming IPO weighs on India insurer shares, investors say

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Nupur Anand and Abhirup Roy MUMBAI – Next month’s mammoth stock market debut for India’s Life Insurance Corporation (LIC) has battered shares in other insurers as investors trim their …

  • Financial News

    Retailer Carrefour’s shares rise after confident outlook and record 2021 cash generation

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    PARIS – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan …

  • Financial News

    Swiss companies are not hoarding cash, central bank says

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    ZURICH – Swiss companies are not stockpiling cash in their strongrooms and offices to avoid being hit by negative interest rates, a Swiss National Bank (SNB) survey released on Thursday …

  • Financial News

    Waiting for earnings tailwinds in rough waters

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    A look at the day ahead from Danilo Masoni. Beneath the surface of the wild swings that have gripped markets this year, there is a strong trans-Atlantic current of rising …

  • Financial News

    USTR says new trade tools needed to fight China state-led trade

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By David Lawder WASHINGTON -The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade …

  • Financial News

    Hong Kong group says retail traffic has dropped 40% from Dec

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    HONG KONG – The Hong Kong Retail Management Association said on Thursday retail traffic in the global financial hub has dropped 40% from December as a surge in coronavirus cases …

  • Financial News

    U.S. sanctions on Russian banks are the West’s most potent economic threat

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Catherine Belton LONDON -For NATO members, the most powerful measure against Russia were it to invade Ukraine would be U.S. sanctions cutting off Russian state banks from the dollar …

  • Featured NewsFinancial News

    In China’s Zhejiang, college grads showered with loans to start businesses

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    BEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to start a business, and if …

  • Financial News

    Orange sees return to core profit growth in 2022

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    By Mathieu Rosemain PARIS -Orange, France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish …

  • Financial News

    European Union car sales in January lowest on record -ACEA

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    BERLIN – New car registrations in the European Union reached a historic low of 682,596 units in January as semiconductor shortages continued to hurt car sales across the region, data …

  • Financial News

    Nestle proposes Apple CFO for election to its board

    by Reuters February 17, 2022
    by Reuters February 17, 2022

    ZURICH – Food group Nestle said on Thursday it was proposing Luca Maestri, chief financial officer at Apple, and Chris Leong, chief marketing officer at Schneider Electric, for election to …

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