Business News

BERLIN (Reuters) – Volkswagen and FAW’s (SASACJ.UL) plant in Chengdu, China has resumed production after a brief halt and two lines which were suspended at the carmaker’s Chengchun plant are …

(Reuters) – AT&T Inc. has agreed to pay a $6.25 million penalty to settle a Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to …

By Mayela Armas CARACAS (Reuters) – Venezuela’s government expects oil exports to finance 63% of its national budget in 2023, a document seen by Reuters showed, a slightly higher proportion …

LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign …

SHANGHAI (Reuters) – Tesla on Monday said media reports which said its plant in Shanghai would cut December output of its Model Y were “untrue”. Reuters on Monday reported Model …

By Krisztina Than BUDAPEST (Reuters) -Hungary’s inflation could be between 15% and 18% next year, the National Bank of Hungary’s governor said on Monday, sharply criticising the government’s price caps …

By Rachna Uppal DUBAI (Reuters) -The United Arab Emirates and Ukraine agreed on Monday to begin talks on a bilateral trade deal, expected to conclude by the middle of next …

MADRID (Reuters) -Spain will lend Airbus 2.14 billion euros ($2.26 billion) to help the company to develop its military drone and helicopter programmes in the country, Industry Minister Reyes Maroto …

By Jamie Freed (Reuters) -Delta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to …

ZURICH (Reuters) – Swiss engineering and technology group ABB has been fined 4 million Swiss francs ($4.3 million) by the country’s Attorney General in connection with a bribery case in …

HANOI (Reuters) -Vietnam’s central bank said on Monday it had raised its 14% cap on the local banking system’s credit growth for this year by 1.5-2.0 percentage points. The move …

By Jan Strupczewski BRUSSELS (Reuters) – The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to …

MOSCOW (Reuters) – Russian banks raised 1.1 trillion roubles ($17.71 billion) at repo auctions held by the central bank on Monday, demonstrating sustained demand for cash as the government borrows …

JERUSALEM (Reuters) – All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 3.25% at their November 21 meeting in a …

By Leigh Thomas PARIS (Reuters) – Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington’s huge new green energy subsidy …

(Reuters) – Amazon.com Inc and Apple Inc are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday …

By Ann Saphir (Reuters) – Federal Reserve policymakers have all but promised to dial down the pace of their interest rate hikes next week, and over coming months feel their …

DUBLIN (Reuters) – European Central Bank policyamker Gabriel Makhlouf said he could see scenarios where the ECB pushes interest rates beyond 3% and that he was not sure that euro …

(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. A punchy U.S. jobs report and the beginnings of China’s COVID-related reopening seem to …

(Corrects first paragraph to say rates ‘may have to move into restrictive territory’, not ‘would have to’) By Padraic Halpin DUBLIN (Reuters) – The European Central Bank is likely to …

DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf told journalists on Monday that he expects the bank’s Dec. 15 policy meeting will likely settle on a 50 …

NEW DELHI (Reuters) -India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as his country seeks to narrow …

BRUSSELS (Reuters) – Euro zone retail sales were slightly weaker than expected in October, data showed on Monday, dipping more than forecast in a sign of weakening consumer demand that …

By Alexander Marrow MOSCOW (Reuters) -Alexei Kudrin, a longtime ally of Russian President Vladimir Putin, said on Monday he would join technology giant Yandex to advise on corporate development as …

LONDON (Reuters) – Britain’s services sector shrank slightly for a second month running in November, as cost-of-living pressures for households and businesses’ uncertainty about the economic outlook squeezed demand, a …