"business"

– Russia’s central bank on Wednesday said it had provided banks with 2.05 trillion roubles ($18.97 billion) at a “fine-tuning” one-day repo auction, as it seeks to help lending institutions …

LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year …

By Yimou Lee and Ben Blanchard TAIPEI – Apple supplier Foxconn forecast an up to 3% fall in revenue for the year in what could be its first annual sales …

BERLIN – German carmaker Volkswagen said on Wednesday that deliveries of its core brand dropped by 8% to 4.9 million vehicles last year, and it was reluctant to make forecasts …

By Joseph White TUSCALOOSA, Ala. – Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German …

OSLO – Russian gas deliveries to Europe via the Nord Stream 1 pipeline were steady while lower through Ukraine on Wednesday as the Yamal-Europe pipeline remained in reverse mode for …

A look at the day ahead in markets from Dhara Ranasinghe. The day ahead is all about the United States and Russia and possibly it’s also a day of firsts, …

By Joe Brock SINGAPORE – The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a …

– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits in the next quarter. Under …

– The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the …

By Naveen Thukral SINGAPORE – A surge in wheat and corn prices is boosting demand for low-grade rice in animal rations across Asia, pushing up prices of the world’s most …

MANILA – The pandemic added 4.7 million more people to Southeast Asia’s most extreme poor in 2021, reversing gains made in fighting poverty, the Asian Development Bank (ADB) said on …

SHANGHAI -Chinese electric vehicle (EV) maker BYD Co Ltd said it will raise prices on its cars by 3,000-6,000 yuan ($471-942), citing rising raw materials costs, just a day after …

By Saqib Iqbal Ahmed NEW YORK – Days before Thanksgiving, Kris Sidial, a co-founder at volatility arbitrage fund The Ambrus Group, told investors the firm was betting that extreme price …

By Sam Nussey TOKYO – The cost of insuring against a default in SoftBank Group Corp’s debt hit a two-year high on Wednesday and its bond yield also climbed as …

TOKYO – Japanese consumers’ inflation expectations hit a record high in March, a government survey showed on Wednesday, as people’s perceptions of future price moves were affected by surging energy …

BEIJING -China’s new home prices stalled in February after eking out a small gain a month earlier, official data on Wednesday showed, pointing to still fragile demand despite a gradual …

By Kirsty Needham SYDNEY – Australia announced almost A$500 million ($360 million) in funding to boost output of critical minerals, aiming to diversify supply for its allies and counter China’s …

By Nidhi Verma and Rajendra Jadhav NEW DELHI – India is boosting fertiliser imports from nations including Canada and Israel to ensure sufficient supplies for the coming summer sowing season …

By Chayut Setboonsarng BANGKOK – A global energy crunch is sending liquefied natural gas prices skywards, but Thailand needs to ramp up its purchases to offset a steep production fall …

PARIS – Poland, Sweden, Estonia and Malta blocked on Tuesday a French-proposed compromise on how to implement minimum corporate tax across the European Union, dealing a blow to the global …

By Daniel Leussink TOKYO -Japan reported a wider-than-expected trade deficit in February as an energy-driven surge in import costs caused by massive supply constraints added to vulnerabilities for the world’s …

SAN FRANCISCO – Racho Jordanov, the co-founder and former Chief Executive Officer of JHL Biotech, and Rose Lin, another of the company’s co-founders and former Chief Operating Officer, were sentenced …

-Sarah Bloom Raskin on Tuesday withdrew as President Joe Biden’s nominee to become the top bank regulator at the Federal Reserve, one day after a key Democratic senator and moderate …

By Mike Spector and Anirban Sen -Movie-theater chain AMC Entertainment Holdings Inc said on Tuesday it agreed to buy a large stake in Hycroft Mining Holding Corp for $27.9 million, …