Sources

SHANGHAI – Tesla resumed production at its Shanghai factory on Friday after a two day suspension, people familiar with the matter said, as movement controls imposed on its workers as …

By Svea Herbst-Bayliss – US Foods Holding Corp is interviewing potential candidates for its board as the food distributor tries to fend off a challenge from activist investor Sachem Head …

By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the …

By Tatiana Bautzer and Gram Slattery SAO PAULO/RIO DE JANEIRO – State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG …

By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON -Chevron Corp. is preparing to take operating control of its joint ventures in Venezuela if Washington relaxes sanctions on Caracas to boost crude …

By Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its …

By Balazs Koranyi and Jan Strupczewski FRANKFURT/VERSAILLES – The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, …

By Scott Murdoch, Samuel Shen and Selena Li SYDNEY/HONG KONG – China’s securities regulator has barred the country’s investment banks it regulates from acting as promoters of blank-check firms in …

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 …

By Eric M. Johnson and Tim Hepher SEATTLE/PARIS – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the …

By Francesca Landini BRINDISI, Italy – Prosecutors investigating suspected flawed parts produced by an Italian company for the Boeing 787 Dreamliner are expected to wrap up the probe by July, …

By Brenna Hughes Neghaiwi and Saeed Azhar ZURICH – Swiss wealth manager Julius Baer has halted any new business with wealthy Russians, two sources familiar with the bank’s operations said, …

By Jarrett Renshaw – U.S. President Joe Biden’s administration is studying whether waiving biofuel blending mandates could help offset a surge in prices for key food ingredients like corn and …

By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s economy minister backs a proposal to expand cooking gas subsidies for low-income families in response to soaring crude prices during the …

By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, …

By Daphne Psaledakis and Matt Spetalnick WASHINGTON -The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with …

By Pamela Barbaglia LONDON – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to …

By Aziz El Yaakoubi and Shariq Khan -The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar …

LONDON – Ministers from member countries of the International Energy Agency (IEA) are discussing the release of 60 million barrels of oil from storage in a meeting on how to …

By Foo Yun Chee and Kate Abnett BRUSSELS – The European Commission will propose that member countries tax the profits energy companies made from recent gas price spikes and invest …

MOSCOW/LONDON – Russian oil exports continued to flow to Europe and onwards on Friday, even as Russian sellers and Western buyers said they struggled with payments, banking guarantees and shipping …

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON – A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ …

WASHINGTON – President Joe Biden planned to announce his nominee for the U.S. Supreme Court on Friday at the White House, according to two people familiar with the process. (Reporting …

By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on …

By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly …