Business News

By Stephen Nellis and Tanya Jain (Reuters) -Cadence Design Systems Inc on Monday raised its full-year revenue forecast to slightly above Wall Street estimates, as a surge in artificial intelligence …

By Nia Williams (Reuters) -Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalise …

By Nate Raymond BOSTON (Reuters) – A former employee of a federal prison in Massachusetts has agreed to plead guilty to secretly accepting thousands of dollars from Raj Rajaratnam while …

By Jihoon Lee SEOUL (Reuters) -South Korea’s economy sped up faster than expected in the second quarter, flattered by headline improvements in trade although weaker consumer and business spending add …

By Pete Schroeder and Niket Nishant (Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday told banks to fix financial statements that “incorrectly” reduced uninsured deposits, restatements that preceded …

By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as …

By Andrew Goudsward (Reuters) -Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal …

By Paul Lienert (Reuters) – UK battery startup Nexeon will supply high-energy silicon anode material to Panasonic’s newest U.S. plant starting in 2025, the companies said on Monday. The use …

PARIS (Reuters) – Luxury giant LVMH unveiled on Monday a deal to sponsor next year’s Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne …

By Foo Yun Chee BRUSSELS (Reuters) – Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in …

(Reuters) – Chipmaker NXP Semiconductors forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The contrasting market fortunes between the U.S. and China are …

By Hernan Nessi and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina on Monday set new weaker trade-related exchange rates while keeping the official peso rate stable, in a push to …

By Arriana McLymore NEW YORK (Reuters) – Shein, an online discount clothing retailer whose labor practices in China are being questioned by U.S. lawmakers, spent $600,000 in the second quarter …

By Chibuike Oguh NEW YORK (Reuters) -Global equity markets and Treasury yields rose on Monday as investors braced for interest rate decisions from key central banks, including the U.S. Federal …

(Reuters) – Whirlpool Corp reported a 29.5% slide in quarterly profit on Monday as persistent inflation hit consumer spending, weakening demand for its washing machines and kitchen appliances. Shares of …

NEW YORK (Reuters) – Drugmaker Pfizer Inc said over 30 drugs, including injections of painkiller fentanyl and anesthetic lidocaine, may see supply disruption after a tornado destroyed a warehouse at …

By Blake Brittain (Reuters) -Alphabet’s Google violated a software developer’s patent rights with its remote-streaming technology and must pay $338.7 million in damages, a federal jury in Waco, Texas decided …

By Foo Yun Chee (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary review, people familiar with the …

By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID recovery, focusing on boosting …

By Mrinmay Dey and Michelle Conlin (Reuters) -Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction with …

By Zaheer Kachwala and Krystal Hu (Reuters) -SoftBank Group is forming a joint venture with warehouse automation company Symbotic to build AI-powered warehouses that will be majority owned by the …

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures …

(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research …

By Laura Matthews New York (Reuters) – The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro …