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  • Business News

    US equity funds see biggest inflow in six weeks

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    – U.S. equity funds lured massive inflows in the week to Feb. 9 as upbeat earnings reports and signs of easing tensions in Ukraine boosted risk appetite. Refinitiv data showed …

  • Business News

    Ford reconsiders India after halting production, this time for EVs

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Aditi Shah NEW DELHI – Ford Motor Co said on Friday it is considering producing electric vehicles (EVs) in India for export, and possibly for sale in the domestic …

  • Business News

    Exclusive-New Rio Tinto chairman to weigh CEO’s future amid toxic culture crisis – sources

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Clara Denina and Helen Reid LONDON/JOHANNESBURG – The incoming chairman of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead …

  • Business News

    BMW pays $4.2 billion to take control of Chinese JV

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Victoria Waldersee BERLIN – BMW will pay 3.7 billion euros ($4.2 billion) to take majority control of its Chinese joint venture after securing the necessary licence from Beijing, as …

  • Business NewsFeatured News

    Analysis-World’s damaged supply chains brace for painful recovery

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Mark John – Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start …

  • Business News

    MetLife explores sale of variable annuity business – sources

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By David French NEW YORK – MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts …

  • Business News

    Global equity funds see biggest inflow in six weeks

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    – Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from U.S. and European companies, shrugging off concerns over a …

  • Business News

    BAT sales jump on vaping, oral nicotine; announces 2 billion stg buyback

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    LONDON -British American Tobacco on Friday reported a 7% rise in full-year adjusted revenue to 25.7 billion pounds ($34.8 billion), helped by sales of e-cigarettes and oral nicotine. The world’s …

  • Business News

    Telecom Italia board to discuss network spinoff in slow-burn KKR drama

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Elvira Pollina MILAN – The board of Telecom Italia (TIM) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative …

  • Business News

    Mercedes-Benz beats profit forecast, sees supply chain headwinds in 2022

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Victoria Waldersee BERLIN – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain …

  • Business News

    Renault and U.S. carmaker Rivian back moratorium on deep-sea mining

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Helen Reid JOHANNESBURG – France’s Renault and U.S. carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow …

  • Business News

    Ford, Suzuki to get incentives under India’s $3.5 billion clean fuel scheme

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Aditi Shah NEW DELHI – Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under India’s $3.5 billion scheme …

  • Business News

    Mercedes-Benz CFO sees easing of supply chain woes in H2

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    BERLIN – Mercedes-Benz expects raw material prices and semiconductor shortages to continue to prevent it from meeting strong market demand for its products this year, the carmaker’s Chief Financial Officer …

  • Business News

    Peloton’s rabid fans, celebrity trainers key to future

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Danielle Kaye NEW YORK – Peloton Interactive Inc’s star trainers are proving to be just as valuable as its stationary bikes to help the company survive after the pandemic. …

  • Business News

    Google’s advertising tech targeted in European publishers’ complaint

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Foo Yun Chee BRUSSELS -Google on Friday was targeted in an antitrust complaint by the European Publishers Council over its digital advertising business, potentially strengthening EU antitrust chief Margrethe …

  • Business News

    Oracle’s Red Bull F1 title sponsorship deal worth $300 million – sources

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    STOCKHOLM – Software giant Oracle’s title sponsorship agreement with the Red Bull Formula One team is worth about $300 million over five years, according to sources familiar with the deal. …

  • Business News

    Volvo Cars warns supply chain woes could remain as profit lags forecasts

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Helena Soderpalm STOCKHOLM -Volvo Cars on Friday posted earnings below expectations pressured by global supply shortages despite strong demand for its vehicles. Profits at the carmaker, which listed on …

  • Business News

    China property developers shares up on reports they may have more access to funds

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    HONG KONG -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move …

  • Business News

    Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five and updating …

  • Business News

    Credit Suisse downgrades global equities on key macro concerns

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    – Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight”, citing the need for the U.S. Federal Reserve to raise interest rates above market expectations amid higher …

  • Department of Justice Press Releases

    Gambino Crime Family Captain Sentenced to 37 Months in Prison and Ordered to Pay $1 Million in Restitution for Racketeering Conspiracy

    by DOJ Press February 11, 2022
    by DOJ Press February 11, 2022

    Earlier today, at the federal courthouse in Brooklyn, Andrew Campos, a captain in the Gambino organized crime family of La Cosa Nostra, was sentenced by United States District Judge Ann …

  • Business News

    Marketmind: Ready for a big bang U.S. rate hike?

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. An aggressive 50 basis point U.S. interest rate hike to contain inflation now appears like a no-brainer after the …

  • Business News

    For euro zone bond markets, the ECB ‘put’ is some way off

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Dhara Ranasinghe and Sujata Rao LONDON -Worried about record-high inflation, the European Central Bank may have significantly raised the threshold where it might staunch bond market sell-offs in Italy …

  • Business News

    Malaysia’s Capital A eyes separate listing of aviation business

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    KUALA LUMPUR -Capital A Bhd , which owns Malaysia’s flagship budget airline AirAsia, is forming an independent board for its aviation arm while mulling a separate listing of the business …

  • Business News

    Column-After dire decade, Emerging Markets face Fed liftoff again: Mike Dolan

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Mike Dolan LONDON – Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another …

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