Business News

By Yousef Saba DUBAI (Reuters) – Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it …

TOKYO (Reuters) – Japan should avoid rushing into raising capital gains tax as doing so could send a wrong message to markets when Japan is encouraging financial investment, a senior …

(Reuters) – Germany will set up so-called climate protection contracts with industrial companies next year to support a transition towards cleaner production and a switch to hydrogen, Economy Minister Robert …

(Reuters) – The European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States’ green energy subsidy package, the head …

(Fixes typo in paragraph 6) By Michael S. Derby (Reuters) -Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank …

By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang is seeking the dismissal of his U.S. fraud indictment over the collapse of his once-$36 billion Archegos Capital Management LP, saying …

LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were …

By Rowena Edwards and Maha El Dahan LONDON/DUBAI (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, …

By Valentina Za MILAN (Reuters) -UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy’s second-biggest bank …

By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Renault SA and Nissan Motor Co are set to forgo a Wednesday announcement of a deal to restructure their automotive alliance as …

By Rajesh Kumar Singh and David Shepardson CHICAGO (Reuters) -Delta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating …

By Jan Strupczewski, Kate Abnett, David Lawder and Andrea Shalal WASHINGTON/BRUSSELS (Reuters) -The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel …

(Reuters) – Emmanuel Macron said he had a “clear and honest” discussion with Twitter owner Elon Musk about the social media platform’s content moderation policies, just a day after the …

By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – Unilever plc asked a U.S. judge to dismiss a lawsuit by Ben & Jerry’s over the sale of its Israeli …

(Reuters) – FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, …

BUENOS AIRES (Reuters) -The International Monetary Fund (IMF) said on Friday it has reached a agreement with Argentine authorities on a third review under its Extended Fund Facility Arrangement, which …

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls …

By Rod Nickel WINNIPEG, Manitoba (Reuters) – As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline …

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan repaid a $1 billion international bond, the central bank spokesman said on Friday, amidst growing uncertainty about the country’s ability to meet …

MEXICO CITY (Reuters) – Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation …

By Deisy Buitrago CARACAS (Reuters) -Venezuela’s oil minister and top representatives of state-run company PDVSA on Friday signed contracts with U.S. oil firm Chevron Corp intended to help revive the …

(Reuters) -More than 1,000 union employees at the New York Times Co have pledged to walk out if the news publisher does not agree to a “complete and equitable contract” …

NEW YORK (Reuters) – The European Union’s agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while “institutionalizing” discounts created by the threat …

By Sinéad Carew NEW YORK (Reuters) – U.S. Treasury yields were lower and Wall Street’s benchmark S&P 500 ended down but well above the day’s lows on Friday as investors …