Business
JPMorgan, Citi sued over frozen payments to sanctioned China firm
Chinese energy company HY Energy Group Co. has filed lawsuits against JPMorgan Chase and Citigroup over frozen payments intended for a Chinese…
Category: Business
Business
Eurozone retail sales slip in March as Iran war drags fuel demand
Eurozone retail sales edged down 0.1% in March compared with February, data released Wednesday by Eurostat showed, marking a third consecutive month…
Business
Maersk Q1 profit beats forecasts amid Iran conflict costs
A.P. Moller-Maersk reported first-quarter 2026 earnings on Wednesday that beat analyst expectations, but the shipping giant warned that the ongoing Iran co...
Business
UniCredit strikes deal to sell Russian unit to UAE investor
UniCredit announced on Thursday that it has signed a non-binding term sheet to sell a portion of its Russian subsidiary to a…
Business
Shell Q1 profit beats expectations as Iran war fuels trading boom
Shell reported first-quarter adjusted earnings of $6.92 billion on Thursday, handily beating analyst expectations as the war between the United States and…
Business
EU auditors say billions in COVID recovery funds can’t be traced
The European Court of Auditors said Wednesday that billions of euros from the EU's pandemic recovery fund cannot be clearly traced to…
Business
Japan’s Nikkei surges past 61,000 for first time amid global rally
Japan's Nikkei 225 surged past 61,000 for the first time on Thursday, May 7, as the Tokyo Stock Exchange reopened after the…
Business
China’s STAR 50 Index surges 8% as AI chip rally sweeps global markets
China's tech-focused STAR 50 Index surged as much as 8% on Wednesday, its first trading day after the five-day May Day holiday,…
Business
South Korea overtakes Canada as world’s 7th-largest stock market
South Korea's stock market overtook Canada's on Wednesday to become the world's seventh-largest by market capitalization, according to Bloomberg data, capp...
Business
UBS CEO says bank ‘cannot rule out’ US acquisition
UBS CEO Sergio Ermotti said on Wednesday that the Swiss bank 'cannot rule out' an acquisition as it looks to grow its…