"business"

By Davide Barbuscia and Yoruk Bahceli NEW YORK/LONDON – Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions …

LVIV, Ukraine – Ukraine’s government has banned exports of rye, barley, buckwheat, millet, sugar, salt, and meat until the end of this year, according to a cabinet resolution published on …

KUALA LUMPUR – Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in …

By Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to …

By Hannah Lang – Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country’s escalating conflict in Ukraine, the company’s chief executive officer told Reuters. …

WASHINGTON – The International Monetary Fund’s executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia’s invasion, IMF Managing …

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that   RODNEY ROUSSELL (“ROUSSELL”), age 40, of Belle Rose, Louisiana, pled guilty today to bank fraud, in violation of …

By Leika Kihara TOKYO – The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it to maintain a more dovish …

SINGAPORE – Singapore’s economy is expected to grow 3% in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state’s central …

By Saqib Iqbal Ahmed and Ira Iosebashvili -Plummeting stocks, soaring commodity prices and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already unsettled …

By Vivian Sequera, Matt Spetalnick and Diego Oré CARACAS/WASHINGTON -Venezuela released two jailed U.S. citizens on Tuesday in an apparent goodwill gesture toward the Biden administration following a visit to …

-The price of oil has surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to …

By Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the …

-Saudi Aramco CEO Amin Nasser said the “tragic situation unfolding in Ukraine” is making the global energy crisis worse, according to prepared remarks delivered at an industry conference Tuesday. Nasser, …

WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South …

By David Shepardson WASHINGTON -The U.S. Senate voted overwhelmingly on Tuesday to provide the long loss-making Postal Service (USPS) with about $50 billion in financial relief over a decade and …

By Hilary Russ NEW YORK -Yum Brands Inc, parent company of fried chicken chain KFC, said it was pausing investment in Russia, a key market that helped the brand achieve …

– U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before …

By Hilary Russ and Uday Sampath Kumar NEW YORK -McDonald’s, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the …

By Hilary Russ NEW YORK -McDonald’s Corp said on Tuesday it would temporarily close all 847 of its restaurants in Russia including its iconic Pushkin Square location, increasing pressure on …

– Apple Inc on Tuesday launched a low cost 5G iPhone SE, the cheapest of its kind, that would directly compete with rivals in the mid-range smartphone market and give …

By Danielle Kaye and Nivedita Balu NEW YORK -Apple Inc on Tuesday added 5G connectivity to its low-cost iPhone SE and iPad Air and introduced a faster chip for a …

– S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The …

By Claudia Cristoferi MILAN – The new boss of Salvatore Ferragamo aims to boost sales by revitalising its product offer, though the Italian luxury group said the war in Ukraine …

ELIZABETH, NJ – Lukoil, a Russian-based, multinational gas and energy corporation, headquartered in Moscow, but operating thousands of independently owned gas stations across America is now in the crosshairs of …