LONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5…
DUBAI – Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia…
BERLIN – Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with…
By Selena Li HONG KONG – China’s drive for “common prosperity” to ease inequality could be a positive catalyst for the local wealth management industry, as it leads to expansion…
PARIS – The next French government will need to revise current budget deficit reduction plans after a presidential election in April to ensure France does not fall further behind other…
(Repeats without changes) MILAN – Italy’s fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said…
PARIS – France can only afford to cut business tax by another 10 billion to 15 billion euros without putting its public deficit reduction plans at risk, Finance Minister Bruno…
By Md Manzer Hussain BENGALURU – The Philippine central bank will wait until the end of the year before raising interest rates from a record low 2.0% to support an…
BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential…
By William Schomberg LONDON – British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still be…
By Mubasher Bukhari LAHORE, Pakistan – A mob lynched a man because he had allegedly burnt pages of Muslim holy book the Koran in central Pakistan and dozens of people…
KYIV – The U.S. embassy to Ukraine’s remaining diplomatic staff will work from the western city of Lviv, online newspaper Ukrainskaya Pravda cited a U.S. diplomatic source as saying on…
WASHINGTON – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81…
PARIS -Russian President Vladimir Putin gave no indication in a phone call with French President Emmanuel Macron on Saturday that he was preparing to invade Ukraine, a French presidency official…
By Gabrielle Tétrault-Farber, Karolos Grohmann and Julien Pretot BEIJING – The Russian coach of the 15-year-old figure skater embroiled in an Olympic doping scandal broke her silence to defend Kamila…
FRANKFURT – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly…
– Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The hikes range from 2% to 10% depending on store…
MILAN – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday. Shares in Banco…
– Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported…
By Clara Denina and Helen Reid LONDON/JOHANNESBURG – The incoming chairman of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead…
By David French NEW YORK – MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts…
STOCKHOLM – Software giant Oracle’s title sponsorship agreement with the Red Bull Formula One team is worth about $300 million over five years, according to sources familiar with the deal.…
– Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win…
– The U.S. Department of Homeland Security has warned law enforcement agencies that a convoy of truckers protesting against COVID-19 vaccine mandates could affect this weekend’s Super Bowl in Los…
TOKYO – Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies…