Business News

By David Shepardson WASHINGTON (Reuters) -A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a …

By Tom Hals WILMINGTON, Del (Reuters) – A Tesla Inc director and a former executive took the stand on Monday and defended Elon Musk’s $56 billion pay package against a …

LONDON (Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. Some of FTX’s investors have said they …

By David Randall NEW YORK (Reuters) – Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc stock …

WASHINGTON (Reuters) -S&P Global Ratings agreed to pay a $2.5 million penalty to settle U.S. Securities and Exchange Commission charges that it violated rules to prevent conflicts of interest, the …

(This Nov. 13 story has been refiled to say in headline ‘Neck and neck U.S. midterm races’ rather than ‘Democrats’ big midterm gains’.) By Rodrigo Campos and Ira Iosebashvili (Reuters) …

(Updates prices, adds commentary) By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar gained against the yen and the euro on Monday but pulled back from …

By Manya Saini and Carolina Mandl (Reuters) -Investment firm Tiger Global Management raised its stake in tech giant Microsoft Corp, Jack Dorsey’s payments firm Block Inc and Uber Technologies Inc …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. With U.S. inflation looking increasingly likely to have peaked, debate is raging on …

By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the …

(Reuters) – Activist investor Ancora Holdings Group said on Monday Ritchie Bros Auctioneers Inc’s $7.3 billion buyout deal for U.S.-based vehicle marketplace IAA Inc was a “poorly structured sweetheart deal” …

By Tom Polansek CHICAGO (Reuters) -Tyson Foods Inc should hire an external firm to lead a review into Chief Financial Officer John R. Tyson’s recent arrest, corporate governance experts said …

SEOUL (Reuters) – South Korea’s export and import prices rose at slower paces in October, with the latter softening to a 15-month low, central bank data showed on Tuesday. The …

NEW YORK (Reuters) – Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by …

(Reuters) -FedEx Corp’s freight division is furloughing employees in some U.S. markets as current business conditions are hurting its volumes, the package-delivery company said on Monday. The move comes barely …

(Reuters) – Speculators raised their short positions on two-year Treasury note futures to the most since at least 1990 in the latest week, Commodity Futures Trading Commission (CFTC) data showed …

(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic …

MADRID (Reuters) – Spanish Economy Minister Nadia Calvino on Monday said “everything points out” that the country’s gross domestic product in 2022 will grow above the 4.4% rate predicted in …

By Laura Sanicola (Reuters) -Oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift …

MEXICO CITY (Reuters) – The International Monetary Fund (IMF) gave final board approval to grant Costa Rica a $725 million sustainability loan, the Fund said in a statement Monday, directed …

WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors of the Federal Deposit Insurance Corporation, the White House said …

By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw …

By Diane Bartz, David Shepardson and Karen Freifeld WASHINGTON (Reuters) -Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked …

SAO PAULO (Reuters) – Bayer AG’s agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% of the country’s total soy …