By Bansari Mayur Kamdar – Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in …
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- Financial News
EU leaders back urgently refilling gas stores for next winter – draft
by Reutersby ReutersBy Kate Abnett BRUSSELS -European Union countries should immediately start refilling their gas stores to prepare for next winter and provide a buffer against supply shocks, EU country leaders will …
- Financial News
Workers at Exxon Mobil refinery in Texas vote to retain USW union after lockout
by Reutersby Reuters(This March 14 story corrects headline to USW) – The United Steelworkers union (USW) won a vote to continue representing workers at an Exxon Mobil Corp refinery in Beaumont, Texas, …
- Financial News
Canada, U.S. shippers brace for possible CP Rail strike, latest supply-chain disruption
by Reutersby ReutersBy Rod Nickel WINNIPEG, Manitoba -Thousands of workers at Canada’s second-biggest railway, Canadian Pacific Railway Ltd, have threatened to strike this week, potentially disrupting the movement of grain, potash and …
- Financial News
OPEC flags risk to oil demand outlook from Ukraine war, inflation
by Reutersby ReutersBy Alex Lawler LONDON -OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising inflation as crude prices soar, increasing the likelihood …
- Department of Justice Press Releases
Georgia Cyber Fraud Task Force marks one year of progress
by DOJ Pressby DOJ PressATLANTA – The U.S. Attorney’s Office for the Northern District of Georgia along with the Office of the Georgia Attorney General, six metro-Atlanta District Attorneys, the FBI Atlanta Field Office, …
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– Russia plans to spend 1 trillion roubles ($9 billion) on so-called anti-crisis measures, Prime Minister Mikhail Mishustin said on Tuesday, as the government tries to at least partially offset …
- Financial News
Aeroflot CEO no longer on airline trade group IATA’s board of governors
by Reutersby ReutersMONTREAL – The chief executive of Russian carrier Aeroflot is no longer on the board of governors of the International Air Transport Association (IATA), a spokesman for the airline trade …
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ESSEN, Germany – Activist shareholder Enkraft on Tuesday said RWE would have to divest its brown coal division to fully transform and decarbonise its business, adding the company was too …
- Financial News
UniCredit considers quitting Russia, Credit Suisse outlines Russian wealth clients
by Reutersby ReutersBy Valentina Za, Brenna Hughes Neghaiwi and Marc Jones MILAN/ZURICH/LONDON -UniCredit could decide on a costly exit from Russia after its invasion of Ukraine, the Italian bank’s CEO said on …
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– JPMorgan Chase & Co said on Tuesday it would buy Global Shares, an Irish fintech firm whose software helps businesses manage employee stock plans. The deal, the terms of …
- Financial News
Musk expected at Tesla gigafactory’s first delivery on March 22 -paper
by Reutersby ReutersBERLIN – Tesla Inc aims to deliver the first cars from its long-delayed $5 billion gigafactory near Berlin next Tuesday, Handesblatt business daily reported, adding that local German politicians expect …
- Financial News
Russia’s VTB closes London-based investment bank as sanctions bite
by Reutersby ReutersBy Lawrence White LONDON – Russia’s second-biggest bank VTB is closing the London-based arm of its investment banking unit VTB Capital, it said on Tuesday, as Western sanctions continue to …
- Financial News
Russian central bank halts purchases of gold from banks to meet household demand
by Reutersby Reuters-The Russian central bank said it will suspend the buying of gold from banks from Tuesday to meet increased demand for the precious metal from households, its latest attempt to …
- Financial News
Credit Suisse CEO details tens of billions managed for Russian clients
by Reutersby ReutersBy Brenna Hughes Neghaiwi ZURICH -Credit Suisse is reviewing its operations in Russia, Chief Executive Thomas Gottstein said on Tuesday, as he detailed tens of billions of dollars in assets …
- Financial News
Exclusive-Hellenic clinches initial deal to ramp up crude oil supplies from Saudi Arabia
by Reutersby ReutersATHENS – Hellenic Petroleum, Greece’s biggest oil refiner, has clinched an initial deal to get additional crude oil supplies from Saudi Arabia, two sources from the refiner said on Tuesday. …
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By Svea Herbst-Bayliss BOSTON – Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s …
- Financial News
American Airlines cuts first-quarter capacity forecast as oil prices surge
by Reutersby Reuters– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war. (Reporting by Abhijith Ganapavaram in Bengaluru; …
- Financial News
London Stock Exchange to enter market for private company financing
by Reutersby ReutersBy Huw Jones LONDON – The London Stock Exchange Group (LSEG) said on Tuesday it had teamed up with digital private asset platform Floww to enter the market for unlisted …
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OTTAWA – Canadian housing starts rose 8% in February compared with the previous month on gains in both multiple urban starts and single detached urban starts, data from the national …
- Department of Justice Press Releases
Founders of Boston Nonprofit Indicted on Fraud Charges
by DOJ Pressby DOJ PressBOSTON – The founders of a local nonprofit, Violence in Boston (VIB), have been indicted by a federal grand jury in connection with a series of alleged schemes designed to …
- Financial News
Gazprom says gas exports outside ex-Soviet Union down 28.5% y/y so far in 2022
by Reutersby Reuters– Russian energy giant Gazprom said on Tuesday that natural gas exports outside former Soviet Union countries fell by 28.5% year on year to 30.7 billion cubic metres (bcm) in …
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By John McCrank NEW YORK – Members Exchange (MEMX), the fastest growing U.S. stock exchange, said on Tuesday it plans to launch an options exchange in the fourth quarter, pending …
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BRUSSELS – Nine other countries have joined the G7 nations in stripping Moscow of its privileged trade treatment following Russia’s invasion of Ukraine, EU trade chief Valdis Dombrovskis said on …
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BEIJING -Tesla Inc raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker …