Financial News

(Corrects paragraph 30 to show Center for Financial Stability is based in New York, not London) By Marc Jones and Uditha Jayasinghe LONDON/COLOMBO (Reuters) – Sri Lanka’s International Monetary Fund …

(Reuters) – For the biggest Wall Street banks, the pandemic is largely in the rear view mirror as they step up efforts to bring employees back to office full-time while …

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever As evidenced by another decline on Wall Street, the dollar climbing to a fresh 20-year high, …

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new …

(Reuters) – Software company Zendesk Inc’s shareholders should vote for a planned acquisition by a group of private equity firms, a prominent proxy advisory firm recommended on Tuesday. Institutional Shareholder …

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar marched higher on Tuesday after a report on the U.S. services industry in August reinforced the view that the …

By Laila Kearney NEW YORK (Reuters) – Oil prices fell on Tuesday as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing …

(Reuters) – Alphabet Inc’s Google will on Oct. 6 launch the Pixel 7 and its first smartwatch as the company prepares to take on a new line of rival products …

(Reuters) – CVS Health Corp said on Tuesday it expects “meaningful” tax benefits from its $8 billion purchase of home healthcare services company Signify Health. CVS, which runs pharmacies, pharmacy …

(Reuters) – The operator of the Templeton Global Income Fund early this year discussed plans with its second-largest investor that made it more difficult for the fund’s largest investor to …

By Alistair Smout, Elizabeth Piper and Sinead Cruise LONDON (Reuters) – In Kwasi Kwarteng, Prime Minister Liz Truss has picked an ideological ally as Britain’s new finance minister, charging him …

By Kate Abnett BRUSSELS (Reuters) – The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian …

By Jonathan Stempel (Reuters) – A divided U.S. appeals court on Tuesday said HSBC Holdings Plc was not liable to the families of two American contractors killed in an al-Qaeda …

By Liz Hampton and Ruhi Soni (Reuters) -Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure into two business units from four, starting Oct. …

(Reuters) – Meta Platforms Inc will host its annual event on Oct. 11 to showcase augmented and virtual reality (AR/VR) offerings, and possibly release its much touted VR headset code-named …

By Victoria Waldersee BERLIN (Reuters) -Porsche will only backtrack on its stock market debut if severe geopolitical problems arise, the sportscar brand’s chief financial officer said on Tuesday, while a …

STOCKHOLM (Reuters) – Crisis-hit Scandinavian airline SAS sees savings of $200 million through 2026 from a new collective bargaining deal reached with most of its pilots following a crippling two-week …

LONDON (Reuters) – Aston Martin is raising 575.8 million pounds ($660 million) in a rights issue as major investors including Saudi Arabia’s sovereign wealth fund keep faith with the struggling …

By David Shepardson WASHINGTON (Reuters) -U.S. officials screened 8.76 million air travelers over the four-day Labor Day weekend, marking the first time holiday weekend screening volume has exceeded 2019 pre-pandemic …

MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the second quarter due to COVID-19 …

By Shreyashi Sanyal and Devik Jain (Reuters) -European shares ended higher in volatile trading on Tuesday following a bleak start to the week on worries over a looming energy crisis …

By Andrea Shalal KYIV/NEW YORK (Reuters) -Ukraine’s President Volodymyr Zelenskiy remotely rang the opening bell at the New York Stock Exchange on Tuesday as his nation appealed for billions of …

(Reuters) – A former FedEx Corp delivery contractor on Tuesday called for a no-confidence vote by contractors against FedEx Ground Chief Executive John Smith, escalating a conflict with the parcel …

NEW YORK (Reuters) – Hedge funds got back in to stocks in the technology, media and telecom (TMT) sector in August, in the most active buying since February 2021, according …

HOUSTON (Reuters) – Crude inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sep. 2 to 442.5 million barrels, their lowest level since …