Business News

(Reuters) – Global diamond giant De Beers on Tuesday reported its first production from its new $2.3 billion underground operations at Venetia mine in South Africa. De Beers, a unit …

By Jan Lopatka PRAGUE (Reuters) -The Czech central bank will begin debating lowering interest rates as soon as this autumn as it expects inflation to drop sharply particularly at the …

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands unveiled new accusations against JPMorgan Chase over the bank’s ties to former client Jeffrey Epstein, including executives discussing how the …

(Edits syntax in paragraph 2) By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italian bank UniCredit is set to report sharply higher revenue on Wednesday from a year ago …

By Khushi Mandowara (Reuters) -GE HealthCare Technologies Inc said on Tuesday that the commercial launch of Alzheimer’s treatment and related testing for patients would help drive demand for its imaging …

By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -General Electric Co on Tuesday raised its full-year profit outlook after quarterly earnings topped Wall Street estimates on robust demand for jet …

By Lucinda Elliott, Anna-Catherine Brigida and Rodrigo Campos BUENOS AIRES (Reuters) – Argentina’s last-ditch effort to secure International Monetary Fund cash with measures that will weaken the peso risks pushing …

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday it is now projecting Argentina’s economy will contract 2.5% in 2023, with a year-end inflation rate of …

By Karl Plume CHICAGO (Reuters) -Archer-Daniels-Midland beat Wall Street expectations for second-quarter profit on Tuesday and raised its 2023 earnings outlook, as the grains merchant benefited from a record Brazilian …

By Fergal Smith TORONTO (Reuters) – The Bank of Canada’s most favored measures of core inflation are likely to slow in July for the first time in 10 months as …

PARIS (Reuters) – KLM, Delta, United and scores of carriers have filed an appeal at the Dutch Supreme Court to overturn a move by the Dutch government to curb traffic …

By Jonathan Stempel NEW YORK (Reuters) – Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a …

WASHINGTON (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas …

By Manas Mishra and Mariam Sunny (Reuters) -Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or 11% of its workforce, in a fresh round of cost-cutting …

By John Revill (Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday, sending its stock sharply higher. The maker …

By Clare Jim and Karin Strohecker HONG KONG (Reuters) -Investors piled into Chinese property developers’ shares and bonds on Tuesday following a sharp sell-off in the previous session, after policymakers …

SAO PAULO (Reuters) -Consumer prices in Brazil fell by more than expected in the month to mid-July, data from statistics agency IBGE showed on Tuesday, potentially opening the way for …

By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought …

By Hari Kishan BENGALURU (Reuters) – Most central banks will cut interest rates in the first half of next year, even though the majority don’t expect their inflation targets to …

By Anna-Catherine Brigida and Eliana Raszewski BUENOS AIRES (Reuters) – As Argentina’s inflation rate soared past 100% and the value of the currency slid, IT worker Luis, 33, found an …

(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said on Tuesday they now expect …

By Lucy Raitano LONDON (Reuters) – Euro zone manufacturing activity is deteriorating fast, as evidenced by Monday’s Purchasing Managers surveys, and yet European cyclical stocks are on a tear versus …

(Reuters) -Binance and its CEO, Changpeng Zhao, are planning to seek the dismissal of a regulator’s complaint, accusing it of violating the Commodity Exchange Act and certain related federal regulations, …

By Howard Schneider WASHINGTON (Reuters) – With the Federal Reserve steaming toward another interest rate hike this week, policymakers face a choice over how much weight to put on recent …

(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on …