Business News

BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the sportswear giant’s expected operating loss this year to 450 million …

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers, reversing …

By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital next year in a deal that could result in the …

(Reuters) – American Airlines’ pilot union has indefinitely postponed the ratification vote for a tentative contract agreement, it said in a memo on Sunday. The voting will now take place …

(Reuters) -An electric truck which was previously damaged reignited at Nikola’s Phoenix, Arizona headquarters on Sunday afternoon but there were no injuries, the company said, sending shares down about 4% …

By Noele Illien and John Revill ZURICH (Reuters) – UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse’s dealings with private investment firm …

By Laura Sanicola (Reuters) – U.S. refining profits are expected to fall from last year’s records but remain strong as domestic refining outages and increased foreign competition pose challenges. Refiners …

By Safiyah Riddle (Reuters) -U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input …

SHANGHAI/TOKYO (Reuters) -Toyota Motor’s joint venture (JV) in China said on Monday that it has terminated early the contracts of about 1,000 dispatch workers, in a sign of pressure on …

By Shariq Khan (Reuters) – While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, …

By Sruthi Shankar, Shristi Achar A and Amruta Khandekar (Reuters) -European shares were marginally higher on Monday as gains in energy firms and telecom stocks were countered by worsening fears …

OTTAWA (Reuters) – The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants …

WASHINGTON (Reuters) – The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse’s misconduct around its dealings with the defunct investment firm Archegos …

By Julie Zhu, Kane Wu and Selena Li (Reuters) -Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing …

By Huw Jones LONDON (Reuters) – The Bank of England said on Monday it will check from October whether top banks can be smoothly wound down in a crisis after …

By Tim Hepher PARIS (Reuters) – Airbus is contemplating a management shake-up that could restore a de facto separate leader for its planemaking business and free CEO Guillaume Faury to …

By Mrinmay Dey (Reuters) -Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept …

By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits in the second half of 2023 as commodity costs finally …

(Reuters) -Johnson & Johnson said on Monday it had launched an exchange offer under which its stockholders can opt for shares of Kenvue <KVUE.N>, its newly listed consumer health unit. …

By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY – A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some …

(Reuters) -Lyft said on Monday it was exploring options for its bikes and scooters unit, including a sale or a strategic partnership, the latest move to help turn around the …

(Reuters) -AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court’s concerns over other shareholders. AMC …

By Padraic Halpin DUBLIN (Reuters) -Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing …

(Reuters) – Most brokerages expect two more 25-basis point rate hikes by the European Central Bank (ECB) as inflation remains sticky and central bank policymakers strike a hawkish stance. The …

By Naomi Rovnick, Stefano Rebaudo LONDON (Reuters) -The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain …