BUSINESS

UniCredit could decide on a costly exit from Russia after its invasion of Ukraine, the Italian bank's CEO said on Tuesday, as Credit Suisse disclosed 4% of its wealth management assets are managed for Russian clients.

UniCredit is urgently reviewing its Russian business and could decide on a costly exit of the country after its invasion of Ukraine, the Italian bank's CEO said on Tuesday, as markets watch for a payment on Russian sovereign debt.

The London Stock Exchange Group (LSEG) said on Tuesday it had teamed up with digital private asset platform Floww to enter the market for unlisted companies that want to raise capital.

U.S. carriers on Tuesday said travel demand has roared back after a blip caused by the Omicron coronavirus variant and would remain strong enough to help them offset a run-up in fuel costs with higher fares.

U.S. carriers on Tuesday lifted revenue outlook for the quarter through March as falling COVID-19 cases drive up travel demand, but trimmed their capacity plans in response to higher fuel costs.

Thousands of workers at Canada's second-biggest railway, Canadian Pacific Railway Ltd, have threatened to strike this week, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices.

UK unemployment falls below pre-pandemic level

The European Union has banned top credit rating firms from rating Russia and the country's companies as part of its latest sanctions package, the European Commission said on Tuesday.

UniCredit is studying ways to exit Russia following the invasion of Ukraine, but needs to find a solution for its 4,000 local staff and European companies it serves which are also trying to leave, the Italian bank's CEO said.

UniCredit is studying ways to exit Russia following the invasion of Ukraine, but needs to find a solution for its 4,000 local staff and European companies it serves which are also trying to leave, the Italian bank's CEO said.

European stocks fell on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of a widely expected U.S.

Imperial Brands has started talks to transfer its Russian business to a local third party, the tobacco company said on Tuesday, joining British rival BAT in exiting the sanction-hit country following its invasion of Ukraine.

A lack of wiring harnesses from Ukraine has overtaken a shortage of semiconductors as Volkswagen's biggest supply chain headache as the Russia-Ukraine war clouds its prospects for this year, the world's No.2 carmaker warned on Tuesday.

H&M reported a 23% rise in first quarter sales on Tuesday, which was in line with market expectations, as the world's second-biggest fashion retailer attempts to build on its recovery from the COVID-19 pandemic.

A decade after Mazda Motor's cars disappeared from Ford Motor's factory floors in Michigan, the Japanese automaker is once again building in the United States - this time with compatriot Toyota Motor.

Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet.

Wild swings in asset prices following Russia's invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.

Thai firm takes over Myanmar gas field after Total withdrawal

The Bank of Japan is set to keep monetary policy ultra-loose on Friday and warn of heightening economic risks from the Ukraine crisis, unfazed by prospects of rising inflation and anticipated U.S.

Indian refining giant Reliance Industries has acquired the assets of battery maker Lithium Werks for $61 million, its second such deal in less than three months, as it makes a bigger push towards clean energy and transport.

Nearly 30 million under lockdown in China as virus surges

Oil prices plunge on China lockdowns, stocks diverge

Amazon.com Inc said talks have failed to resolve a bitter dispute over Future Retail stores and accused both it and Reliance Industries of fraud in Indian newspaper ads on Tuesday.

Amazon.com Inc has gone on the attack in its bitter dispute with two Indian retailers, accusing them of fraud in Indian newspaper ads on Tuesday after Reliance Industries suddenly took over many of Future Retail stores.

Press rights groups call for release of French journalist in Mali

China reports sharp rise in Covid cases

German WWII ghosts loom large in Ukraine crisis

Oil prices tumbled more than 6% on Tuesday to their lowest in almost three weeks, as Russia suggested it would allow a revival of the Iran nuclear deal to go forward and as traders worried growing pandemic lockdowns in China could dent demand.

Oil prices tumbled more than 6% to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases in China spurred demand concerns.