"business"

By Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for an 11th month, adding pressure …

By Timothy Gardner WASHINGTON – A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by …

By Hilary Russ NEW YORK – The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with a large footprint in Russia …

By Hari Kishan, Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG – Currencies are in for a bumpy ride with already heightened volatility expected to increase over the next three months in …

By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and …

– Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as over a million leave their homes and head …

– Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, as consumers returning to its stores bought more groceries and splurged on high-margin items such …

By Chavi Mehta and Jane Lanhee Lee – Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and …

By Praveen Paramasivam – Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices …

– The Federal Trade Commission is approaching a mid-March deadline for making a decision on whether to approve Amazon.com Inc’s purchase of movie studio MGM for $8.5 billion, according to …

By Maksym Levin and Pavel Polityuk BORODYANKA/LVIV, Ukraine – Russia and Ukraine agreed on Thursday to the need for humanitarian corridors to help civilians escape Moscow’s eight-day-old invasion, the first …

By Marcy de Luna HOUSTON – Oil slid 2% on Thursday, after hitting prices not seen in a decade, as sellers jumped on hopes the United States and Iran will …

– Billionaire activist investor Carl Icahn has drawn attention to the use of metal enclosures to house pregnant pigs in a dispute with McDonald’s Corp over its pork suppliers’ animal-welfare …

By Tom Polansek CHICAGO – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, …

By Kylie Madry MEXICO CITY – Citibanamex is spending 1.4 billion pesos ($67.8 million) to remodel more than 1,200 branches in Mexico with plans to expand, a top executive said …

By Brendan O’Brien and Barbara Goldberg – Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey’s largest city have voted to …

By Jonathan Stempel NEW YORK – Donald Trump will turn over some documents to New York’s attorney general for her civil probe into his business practices, but need not answer …

By Hyunjoo Jin, Ben Klayman and Bhargav Acharya – Tesla Inc Chief Executive Officer Elon Musk said on Thursday he was inviting labor union United Auto Workers (UAW) to hold …

By Caroline Valetkevitch NEW YORK – The euro extended recent declines and hit its lowest since 2016 against sterling on Thursday as investors worried about the impact of rising oil …

MOSCOW – The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody’s downgraded Russia’s sovereign …

– Wall Street pressed on with measures to freeze investments in Russian securities on Thursday, with investors and regulators announcing new ways to reduce exposure, adding to Moscow’s financial isolation …

By Stephanie Kelly NEW YORK – There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall …

By Clara Denina and Praveen Menon – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring commodity prices amid the Ukraine-Russia …

By P.J. Huffstutter CHICAGO – The current rally of U.S. grain and oilseed prices could help bolster American farm incomes this year, as Russia’s invasion of Ukraine roils commodity markets …

– Travel booking software provider Sabre Corp said on Thursday it has terminated its distribution agreement with Aeroflot, hurting the Russian flag carrier’s ability to sell tickets. Spain’s Amadeus IT …