Business News

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian stock markets will open strongly on Wednesday if the …

FRANKFURT (Reuters) – Activist group Greenpeace said on Wednesday the European Central Bank has broken a pledge to join the fight against climate change and should take more steps to …

By Dietrich Knauth NEW YORK (Reuters) – OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its Sackler family owners from lawsuits, despite a potential U.S. Supreme …

By Chavi Mehta (Reuters) -Analog chipmaker Texas Instruments forecast third-quarter revenue and profit below Wall Street targets on Tuesday, bogged down by sluggish recovery in end-market demand that has forced …

(Reuters) – Wells Fargo said on Tuesday its board had authorized a new share buyback program of up to $30 billion. The bank’s shares rose 1% in extended trading after …

By Supantha Mukherjee, Martin Coulter and Sheila Dang (Reuters) -After 17 years with an iconic blue bird that came to symbolize the broadcasting of ideas to the world, billionaire Elon …

By Valerie Insinna WASHINGTON (Reuters) -RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets that were found to have a …

PARIS (Reuters) -France’s antitrust watchdog said on Tuesday it had issued a statement of objection against Apple, citing concerns the U.S. technology company could have breached regulations linked to the …

By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle …

SEOUL (Reuters) – South Korean consumers’ sentiment improved for a fifth consecutive month to a 15-month high in July, with their inflation expectations resuming a decline, a central bank survey …

By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, plans to continue investing in China despite geo-political tensions after …

By Chibuike Oguh NEW YORK (Reuters) -Global equity markets and U.S. Treasury yields rose on Tuesday ahead of the Federal Reserve’s expected interest rate hike and as markets awaited a …

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose to three-month highs on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest …

(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners. (Reporting by Niket Nishant …

LONDON (Reuters) -A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on …

By Jonathan Stempel NEW YORK (Reuters) -Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge …

By Doyinsola Oladipo NEW YORK (Reuters) – Retail giant Walmart on Tuesday said it is teaming up with online travel agency Expedia Group to offer its subscription service members travel …

By Stephen Nellis (Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom chip for Ericsson’s 5G networking gear, …

By Chris Prentice (Reuters) -The U.S. accounting watchdog has found an “absolutely unacceptable” level of serious deficiencies in public company audits it inspected in 2022, chair Erica Williams said in …

By Laura Matthews NEW YORK (Reuters) – The dollar was flat against a basket of its major peers on Tuesday, as investors hope a trio of central bank meetings this …

By David Morgan and Costas Pitas WASHINGTON (Reuters) -Republican U.S. Senator Rick Scott and Democrat Elizabeth Warren have asked for salary information from the Federal Reserve’s inspector general, the central …

By Elizabeth Howcroft, Anton Bridge and Medha Singh LONDON/TOKYO/BENGALURU (Reuters) – People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of …

By Maiya Keidan (Reuters) – Private equity firms should stay consistent in deploying capital even when facing a more challenging backdrop for dealmaking, KKR & Co’s co-head of global private …

By Samrhitha A (Reuters) -Verizon beat quarterly profit estimates on Tuesday on the back of lower costs and a surprise rise in wireless subscribers as efforts to grow its enterprise …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s prospects in …