Articles by Reuters

Monte dei Paschi di Siena was racing on Wednesday to get commitments from investors for its 2.5 billion euro ($2.4 billion) share issue so it can secure a backstop from banks for any unsold stock, three people close to the matter said.

Since Russia annexed Crimea in 2014, American companies have been prohibited from dealing with MMZ Avangard, a state-owned firm that makes missiles for one of Russia's most sophisticated weapons, the S-400 air-defense system.

Bank of Japan Governor Haruhiko Kuroda said on Wednesday fast and one-sided moves in the yen would be bad for the economy, signalling the speed of its fall - rather than levels - was the key concern for policymakers as the currency plumbs fresh 24-year lows.

BASF is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord Stream 1 pipeline.

U.S. producer prices increased more than expected in September, but underlying goods prices were unchanged for the first time in nearly 2-1/2 years, offering some hope in the battle against inflation.

The U.S. Supreme Court on Wednesday began hearing arguments in a copyright dispute between a photographer and Andy Warhol's estate over the famed artist's paintings of rock star Prince in a case that could help set boundaries for artistic works that draw upon other material.

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

While a financial storm gathers nearby, the euro zone has so far been comparatively unscathed.

Significant volumes of unwanted Russian-origin copper have been deposited in London Metal Exchange approved warehouses in Germany, the Netherlands and Taiwan since the middle of September, two sources familiar with the matter said.

The United States faces increased uncertainty due to rapid rises in interest rates, and the Federal Reserve should adjust policy as needed as it monitors global events and the impact of its actions on the domestic economy, the OECD said on Wednesday.

Britain's financial regulators will work together to tighten rules for pension funds which use derivatives to insure themselves against big moves in bond markets, drawing on lessons from past crises, the Bank of England said on Wednesday.

U.S. stock index futures pared gains on Wednesday after data showed producer prices increased more than expected in September, in another hot inflation reading that boosted bets of more jumbo-sized interest rate hikes by the Federal Reserve.

Britain's Damien Hirst started burning hundreds of his artworks on Tuesday after collectors chose to keep their non-fungible tokens (NFTs), blockchain-based assets representing their digital images, instead.

President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.

The International Monetary Fund backs moves by governments to tax companies' excess profits, but believes such changes must be clearly communicated and cannot apply to already realized profits, the IMF's top fiscal expert told Reuters.

Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said was probably caused by an accident rather than sabotage.

Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.

Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on Tuesday that would limit companies' use of independent contractors, experts said.

The French government on Wednesday started ordering some staff at an Exxon Mobil fuel depot back to work, battling to secure petrol supplies following weeks-long strikes but risking a wider conflict with trade unions.

The dozens of items on the public agenda of the annual meetings of the World Bank and International Monetary Fund this week include several sessions on climate change, food security, and other chronic world problems, some on inflation and trade, and attention as well to economic inclusion and digital currencies.

U.S. carriers including American Airlines Group Inc and United Airlines Holdings Inc are enjoying the strongest consumer demand in three years, but analysts and investors question how soon the good times might end as the growing risk of economic recession sparks worries about travel spending.

A leak on a pipeline carrying oil from Russia to Europe added to concerns about energy security on Wednesday, while European Union ministers worked on proposals to address the fuel crisis facing the continent heading into winter.

Saudi Arabia's Public Investment Fund faced little scrutiny over its green credentials when it sold $3 billion in green bonds last week in its maiden debt issue, according to people familiar with the transaction.

Philips shares fell to their lowest in a decade on Wednesday as the Dutch health tech company said supply chain problems would hit sales, and wrote down 1.3 billion euros ($1.26 billion) of the value of its sleep apnea business.

Japan's policymakers continued to warn investors on Wednesday against selling the yen, as the dollar rose to a fresh 24-year high on the Japanese currency while hurdles to directly intervene remain high.

Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.

China will persist with its COVID-19 policies to guard against new coronavirus strains and the risks they bring, the official newspaper of the Communist Party warned in a commentary for the third straight day, crushing hopes of any near-term easing.

From the war in Ukraine to North Korea's recent missile testing spree, tactical nuclear weapons are being debated and developed in a way not seen since the Cold War.

More than 50 countries will gather on the sidelines of a NATO meeting in Brussels on Wednesday to discuss bolstering Ukraine's air defence, two days after Russian missiles rained down on cities across the country, including the capital Kyiv.

The U.S. is scrambling to tackle unintended consequences of its new export curbs on China's chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said.