Business News

(Reuters) – Biden administration has warned of a ‘historically large increase’ in student loan defaults without debt forgiveness, CNBC reported on Wednesday. (Reporting by Maria Ponnezhath in Bengaluru)

(Reuters) – The owner of McDonald’s former restaurants in Russia, Alexander Govor, is buying privately-owned Russian logistics company HAVI, which has 14 distribution centres, his firm said on Wednesday. The …

By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Wednesday he still believes monetary policy is not the best tool to address financial …

By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour …

By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness …

LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers in parliament on Wednesday, two weeks after the BoE …

PHILADELPHIA, PA – A McDonald’s restaurant was robbed last week in Philadelphia when a gunman pulled out a pistol and demanded the cashier at the drive-thru window and demanded money. …

LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely. “It …

By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal expects economic growth of at least 6.7% this year, beating its 6.5% forecast on the back of domestic demand and …

By Jonathan Stempel (Reuters) -Dell Technologies Inc on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion …

NEW DELHI (Reuters) – Electronics industry stakeholders in India have agreed to a phased roll-out of USB-C type uniform charging ports for devices including smartphones and laptops, the Indian government …

By Alex Lawler LONDON (Reuters) – Crude oil exports by OPEC have fallen significantly so far this month, leading tanker-tracker Petro-Logistics said on Wednesday, suggesting members are delivering on their …

NEW YORK (Reuters) – The U.S. dollar may have already seen its highest levels for the year given growing evidence of slowing inflation and a weakening labor market in the …

By Shreyashi Sanyal (Reuters) -Shares of companies tied to former U.S. President Donald Trump reversed course to fall on Wednesday, following a recent rally in the run-up to him launching …

MOSCOW (Reuters) – Consumer prices in Russia rose slightly for the eighth consecutive week in mid-November, data published on Wednesday showed, driven by goods including eggs and tea and domestic …

MOSCOW (Reuters) – President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below …

MOSCOW (Reuters) – Russia’s economy shrank 4% year-on-year in the third quarter of 2022, data from the Rosstat federal statistics service showed on Wednesday, as the consequences of the country’s …

LONDON (Reuters) – The effects of Brexit are weighing on Britain’s economy, more than six years after voters decided to leave the European Union, Bank of England officials said on …

By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank’s policy rate could end up in the 4.75%-5.25% range, high …

WASHINGTON (Reuters) – U.S. business inventories increased moderately in September, suggesting that businesses were becoming more cautious about ordering more merchandise as higher borrowing costs slow demand. Business inventories increased …

BUDAPEST (Reuters) -Hungary’s government is doing its best to meet its commitments to Brussels and there is a “good chance” of sealing a deal on European Union funds within weeks, …

SHANGHAI (Reuters) – Local authorities in China’s Henan province are urging retired soldiers and government workers to take on stints at Foxconn’s iPhone factory in Zhengzhou, the official Shanghai Securities …

MADRID (Reuters) – The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de …

By Ananya Mariam Rajesh (Reuters) – TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store for …

By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc raised its annual profit forecast on Wednesday, betting on record consumer savings and rising mortgage rates to fuel home improvement trends even …