MILAN, Mar 3 – Ferrari does not see any impact on its supply chain as a consequence of Russia’s invasion of Ukraine, a spokesman for the Italian luxury carmaker told …
"business"
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- Financial News
Crypto exchange Binance says will not accept cards of sanctioned Russian banks
by Reutersby ReutersMOSCOW – Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had …
- Financial News
TD profit beats estimates, closing out strong quarter for Canadian banks
by Reutersby ReutersBy Nichola Saminather TORONTO – Toronto-Dominion Bank beat analysts’ estimates for quarterly profit on Thursday, helped by strong trading revenues, although higher variable expenses and weaker growth in interest income …
- Financial News
Palladium scales 7-month peak, gold firms as Ukraine crisis rages on
by Reutersby ReutersBy Bharat Gautam – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish …
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By Sheila Dang – Twitter Inc is expanding its crowdsourced fact-checking program by making notes on potentially misleading tweets visible to more people on Twitter, the company said in a …
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WASHINGTON – U.S. worker productivity rebounded strongly in the fourth quarter, curbing growth in unit labor costs, the government confirmed on Thursday. Nonfarm productivity, which measures hourly output per worker, …
- Financial News
Ukraine tapped lion’s share of IMF reserve allocation, debt pressures building
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Ukraine has exchanged all but $80 million of the $2.7 billion in new International Monetary Fund emergency reserves it received in August, IMF data show, …
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Tesla to win approval for $5.5 billion Berlin gigafactory on Friday
by Reutersby ReutersBERLIN – The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s 5 billion euro ($5.5 billion) gigafactory near …
- Financial News
Cannabis producer Tilray to buy rival HEXO’s debt of up to $211 million
by Reutersby Reuters– Tilray Brands on Thursday agreed to buy up to $211 million of HEXO’s debt, giving the Canadian cannabis producer a right to pick a significant equity stake in its …
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By Elvira Pollina MILAN – The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares …
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MOSCOW – Russia’s biggest carmaker, Avtovaz, will stop its Togliatti and Izhevsk plants on Saturday and from March 9 to 11 as it grapples with a crisis in supplies of …
- Financial News
Ukraine’s banking system remains resilient despite war, says central bank governor
by Reutersby ReutersLVIV – Ukraine’s central bank governor Kyrylo Shevchenko said on Thursday the Ukrainian banking and financial system remained resilient amid Russia’s invasion and had been boosted by international financial support …
- Financial News
Explainer-Russian banks isolated, UK cuts insurance ties with Moscow
by Reutersby ReutersBy Huw Jones and Tommy Wilkes LONDON – Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to …
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LONDON – Britain’s culture minister said she had asked social media company Tik Tok and Facebook’s parent company Meta Platforms if they could prevent access to Russian state-owned television network …
- Financial News
Former Ghosn deputy set for U.S. return after suspended sentence
by Reutersby ReutersBy Tim Kelly and Satoshi Sugiyama TOKYO – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay …
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Investors warn of unintended consequences as companies cut Russian ties
by Reutersby ReutersBy Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion …
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Sibanye-Stillwater sees Ukraine crisis disrupting automotive supply chains
by Reutersby ReutersBy Helen Reid JOHANNESBURG – Disruptions to automotive supply chains in the wake of Russia’s invasion of Ukraine could impact demand for platinum group metals (PGMs), the chief executive of …
- Financial News
Norway wealth fund’s Russian investments are worthless, says CEO
by Reutersby ReutersBy Gwladys Fouche OSLO – The Russian assets of Norway’s $1.3 trillion wealth fund, the world’s largest, have become worthless following Russia’s invasion of Ukraine and selling them as instructed …
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Deals over dividends: Ladbrokes owner Entain saves cash for acquisitions
by Reutersby ReutersBy Sachin Ravikumar – Entain will use excess cash on acquisitions this year rather than shareholder payouts, the British gambling firm said on Thursday, as it reported higher annual earnings …
- Financial News
Japan’s JAL, ANA cancel or reroute Europe flights due to Ukraine crisis
by Reutersby ReutersBy Maki Shiraki and Jamie Freed TOKYO – Japan Airlines Co Ltd and ANA Holdings Inc cancelled all flights to and from Europe on Thursday and cancelled or rerouted flights …
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By Farah Master HONG KONG – Casino companies in Macau will have their licences extended by six months, the city’s Economy and Finance Secretary said on Thursday, allowing more time …
- Financial News
Analysis-Crypto exchanges won’t bar Russians, raising fears of sanctions backdoor
by Reutersby ReutersBy Tom Wilson LONDON – Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western …
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By Lawrence White LONDON – Russian stocks and bonds are now “in the realms of utterly uninvestable,” the chief executive of Schroders Peter Harrison told Reuters on Thursday, as Western …
- Financial News
Former boss Ghosn says Nissan’s lack of vision is hurting Renault
by Reutersby ReutersBy Satoshi Sugiyama TOKYO – Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault …
- Financial News
Analysis-Russia-Ukraine conflict highlights wheat supply vulnerability
by Reutersby ReutersBy Gus Trompiz and Nigel Hunt PARIS/LONDON – The threat to wheat supplies from Russia’s invasion of Ukraine has been exacerbated by a shift in global stocks away from major …