SAO PAULO – Brazilian planemaker Embraer SA said on Wednesday that its electric vertical take-off and landing (eVTOL) aircraft subsidiary Eve has signed a letter of intent with Global Crossing …
"business"
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- Financial News
Ball in U.S. court on Russian Eurobond payments, Finance Minister says
by Reutersby Reuters– The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the …
- Featured NewsFinancial News
Head of Russia’s Sibur quits management over sanctions
by Reutersby Reuters– Sibur, Russia’s largest petrochemical producer, said on Wednesday that Dmitry Konov, who has been the company head since 2006, is leaving senior management positions following Western sanctions over Ukraine. …
- Financial News
NortonLifeLock’s $8.6 billion Avast deal hits snag as UK raises concerns
by Reutersby ReutersBy Yadarisa Shabong -NortonLifeLock’s $8.6 billion purchase of Avast hit a snag on Wednesday after Britain’s anti-trust regulator said it would launch a deeper investigation into the proposed cybersecurity merger …
- Financial News
China stocks leap after State Council pledges support for economy, capital markets
by Reutersby ReutersSHANGHAI – Hong Kong stocks jumped 9% on Wednesday to mark their best day since 2008, after China’s top policymaker assured markets of stability and support and helped put a …
- Financial News
RISC-V chip technology firm SiFive raises $175 million, valued at $2.5 billion
by Reutersby ReutersBy Jane Lanhee Lee – SiFive, Inc., a RISC-V chip technology startup in Silicon Valley, said on Wednesday it raised $175 million in its latest round of funding and is …
- Financial News
No confirmation yet of key Russian bond payment, bondholder says
by Reutersby ReutersLONDON – International bondholders were still waiting on Wednesday to see whether or not Russia would make crucial coupon payments due on two of its government bonds. One bondholder who …
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WASHINGTON -The United States and the United Kingdom will kick off trade talks next week, the U.S. Office of the Trade Representative (USTR) and the British government said on Wednesday. …
- Financial News
Verizon secures contracts worth nearly $1 billion from U.S. defense department
by Reutersby Reuters– Telecoms giant Verizon Communications Inc said on Wednesday it had secured new business worth almost $1 billion from the U.S. Department of Defense to provide technical support and network …
- Financial News
Japan Inc hikes pay by more than 2%, not enough for a big economic boost
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO -Japan’s top firms have offered pay rises of more than 2% at annual wage talks that wrapped up on Monday, marking an uptick from the previous …
- Financial News
Asian bonds receive foreign inflows in Feb despite soaring geopolitical concerns
by Reutersby ReutersBy Gaurav Dogra – Emerging Asian bonds excluding China continued to see foreign inflows for a 21st straight month in February, but analysts are turning pessimistic about the outlook due …
- Financial News
Lawmaker group asks EU to withdraw green investment label for gas
by Reutersby ReutersBy Kate Abnett BRUSSELS – Around 100 European Union lawmakers asked Brussels on Wednesday to withdraw plans to label energy investments in gas as green, saying this undermined Europe’s push …
- Featured NewsFinancial News
Japan to revoke Russia’s most-favoured nation trade status – PM Kishida
by Reutersby ReutersBy Kantaro Komiya and Leika Kihara TOKYO -Japan will revoke Russia’s most-favoured nation trade status as part of further sanctions against Moscow following the invasion of Ukraine, Prime Minister Fumio …
- Featured NewsFinancial News
For Dutch province, Ukraine war is a call to pump natural gas
by Reutersby ReutersBy Anthony Deutsch OVERSCHILD, Netherlands -Images of bombed-out hospitals and apartment buildings across Ukraine reminded Jannie and Bert Schrage of their home country during World War Two. Then the retired …
- Financial News
Exclusive-ECB tells banks to watch all Russian clients in widening of sanctions net -sources
by Reutersby ReutersBy Francesco Canepa and Jesús Aguado FRANKFURT/MADRID – European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that …
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By Yuki Nitta TOKYO -The U.S.-based aircraft leasing firm owned by Japan’s Marubeni Corp and Mizuho Leasing Co Ltd has recovered two of the 12 aircraft it has been leasing …
- Financial News
Japan will work with G7 to keep Russia from tapping IMF loans-PM Kishida
by Reutersby ReutersTOKYO – Japan will work closely with G7 advanced economies to prevent Russia from tapping loans from the International Monetary Fund and other international lenders, Prime Minister Fumio Kishida said …
- Financial News
Explainer-Raskin’s withdrawal from Fed nomination spells more delays for rule changes
by Reutersby ReutersBy Pete Schroeder WASHINGTON – Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo …
- Financial News
Ukraine crisis may reshape role of central bank digital currency, says ex-BOJ official
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to …
- Financial News
China securities regulator to push forward overseas-listing rules
by Reutersby ReutersSHANGHAI – China’s securities regulator on Wednesday said it will continue to communicate with U.S. regulators and strive to reach an agreement on China-U.S. audit supervision cooperation as soon as …
- Financial News
House Republicans who challenged Biden’s win are losing lots of corporate cash
by Reutersby ReutersBy Jason Lange and Andy Sullivan WASHINGTON – In the days after the Jan. 6, 2021 attack on the U.S. Capitol, dozens of companies said they would suspend political donations …
- US and World News
Ninety percent of Ukrainian population could face poverty in protracted war – UNDP
by Reutersby ReutersBy Stephanie Nebehay GENEVA -Nine out of 10 Ukrainians could face poverty and extreme economic vulnerability if the war drags on over the next year, wiping out two decades of …
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By Lewis Krauskopf NEW YORK -Fears over the Federal Reserve’s hawkish shift have combined with geopolitical uncertainty to push the S&P 500 into a correction this year, yet historical data …
- Financial News
Russia’s war in Ukraine may ‘fundamentally alter’ global economic, political order – IMF
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order …
- Financial News
Standard Bank aims for net zero by 2050, activists press for more
by Reutersby ReutersJOHANNESBURG – Top African lender Standard Bank has ruled out funding all new coal-fired power plants and most oil-fired plants as part of plans to reach net zero-emissions by 2050, …