Business News

(Reuters) – U.S. stock indexes inched lower at open on Tuesday after a selloff in the prior session on fears the Federal Reserve could persist with interest rate hikes for …

By Rodrigo Campos NEW YORK (Reuters) – The poorest countries in the world now spend over a tenth of their export income to service external debt, the highest proportion since …

MEXICO CITY (Reuters) -Mexican low-cost airline Volaris expects the country to regain its U.S. aviation rating by the last quarter of 2023, it said in a presentation published ahead of …

By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this …

BERLIN (Reuters) -Germany’s constitutional court on Tuesday threw out a legal challenge to the European Union’s 750-billion-euro ($786 billion) recovery fund, which saw the EU take on joint debt to …

(Reuters) – Kroger Co said on Tuesday it received a request for additional information from the U.S. Federal Trade Commission as part of the regulatory review process for its planned …

(Reuters) – Exxon Mobil Corp started production at a new polypropylene unit at its Baton Rouge, Louisiana refining and petrochemical complex, the company said in a statement on Tuesday. The …

By Huw Jones LONDON (Reuters) – Splitting EY into separate accounting and consultancy businesses will help pay rising technology bills and “inevitably” be copied by rival “Big Four” firms, a …

(Reuters) – Goldman Sachs Chief Executive Officer David Solomon said on Tuesday that the job market remains “surprisingly tight” and competition for talent was “as tough as ever” while speaking …

NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc and trading platform Tradeweb Markets Inc are partnering to enhance electronic bond trading, the companies said on Tuesday. Users …

By Jan Schwartz HAMBURG (Reuters) – Volkswagen’s CEO will outline a new software and vehicle platform strategy to the carmaker’s supervisory board on Dec. 15 as he tries to turn …

(Reuters) – Russia’s Gazprom said on Tuesday it had started production at the Semakovskoye gas field in the Russian Arctic with gas being pumped into the country’s national supply system. …

By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words …

MEXICO CITY (Reuters) – Brazilian digital bank Nubank, Latin America’s largest fintech, announced on Tuesday a $330 million equity capitalization in Mexico, as it pushes to expand operations there. The …

By David Shepardson WASHINGTON (Reuters) – United Airlines Chief Executive Scott Kirby said a tentative contract agreement between rival Delta Air Lines and its pilots union would set an industry …

By Marc Jones LONDON (Reuters) – Pension funds and other ‘non-bank’ financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for …

(Reuters) – Futures for Canada’s resources-heavy main stock index edged up on Tuesday as gold prices rose, while investors await the Bank of Canada’s interest rate decision. The S&P/TSX index …

PARIS (Reuters) -French sugar group Tereos reported strong first-half results on Tuesday, including a net profit and a sharp rise in earnings, as high sugar and ethanol prices helped offset …

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines’ offer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at …

By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central …

By Blake Brittain (Reuters) -Pfizer Inc and its German partner, BioNTech SE, fired back at Moderna Inc on Monday in a patent lawsuit over their rival COVID-19 vaccines, seeking dismissal …

By Manoj Kumar NEW DELHI (Reuters) -India is better placed than many other emerging economies to weather the impact of global headwinds, the World Bank said on Tuesday, revising up …

By Foo Yun Chee BRUSSELS (Reuters) -Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against …

By Francesca Piscioneri ROME (Reuters) – Italy’s economy will grow by 0.4% next year, national statistics bureau ISTAT said on Tuesday, slashing a 1.9% projection made in June and warning …

By Katie Paul (Reuters) – Meta Platforms’ Oversight Board recommended on Tuesday that the company revamp its system exempting high-profile users from its rules, saying the practice privileged the powerful …