Business News

BERLIN – Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in the second half of this year, he said at a press conference on Thursday, adding he …

By Howard Schneider – The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and …

By Elizabeth Culliford and Silvia Aloisi NEW YORK/MILAN – Facebook owner Meta Platforms is struggling to stop counterfeiters from pushing fake luxury goods from Gucci to Chanel across its social …

By Fergal Smith TORONTO – As the Bank of Canada prepares to shrink its bloated balance sheet, investors say the move could enable expected interest rate hikes to have more …

ZURICH -Credit Suisse Vice Chair Severin Schwan will face opposition from some major shareholders if he stands for re-election to the board of the embattled Swiss bank in April, the …

STOCKHOLM – Swedish banking group Handelsbanken reported record results on Wednesday as rising income, lower loan losses and measures to curb costs lifted its fourth-quarter operating earnings. “The result for …

By Sam Nussey TOKYO – Japan’s SoftBank Group Corp said on Wednesday there was no link between Alibaba registering a U.S. share facility and any specific plans to sell down …

By Bart H. Meijer AMSTERDAM -ABN Amro shares fell 4% on Wednesday morning, even though the Dutch bank reported higher-than-expected net profit for the fourth quarter and announced a 500 …

PARIS -French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world’s second …

A look at the day ahead in markets from Dhara Ranasinghe. Having fretted about rising sovereign bond yields just a short time ago, world stock markets now appear to be …

ZURICH – Climate finance specialist South Pole has won Singapore’s Temasek and the investment arm of Salesforce.Com Inc as minority investors after a new round of funding, the Swiss group …

By Anait Miridzhanian -Akzo Nobel on Wednesday predicted a gradual easing in raw material inflation after the paints and coatings maker raised prices to cope with higher fourth-quarter costs. “Raw …

By Takahiko Wada and Leika Kihara TOKYO – A surge in deposits caused by the government’s huge cash payouts is straining some Japanese lenders, complicating the central bank’s efforts to …

By Paul Sandle and John McCrank LONDON/NEW YORK -SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option …

TOKYO – Honda Motor Co raised its full-year operating forecast on Wednesday, aided by cost cutting and a weak yen despite a persistent global chip shortage. It upgraded its latest …

– French funds manager Amundi said it exceeded its 2022 strategic targets on Wednesday, as it posted a strong rise in earnings helped by its retail business and expansion in …

By Gaurav Dogra – Valuations of Asian equities dropped to a 21-month low at the end of January, as expectations of aggressive policy tightening by the Federal Reserve, and a …

By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON -Almost overnight, inflation-linked bonds have become the hot ticket in global financial markets, pitting banks against hedge funds in a battle …

By David Lawder WASHINGTON – U.S. goods exports to China fell in December, cementing a massive shortfall in Beijing’s two-year purchase commitments under the “Phase 1” trade deal negotiated by …

By Andrea Shalal WASHINGTON – China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by …

By Chris Taylor NEW YORK – Justin Soffer always enjoyed the car-buying process, with the typical back-and-forth negotiations that led to good discounts. But seven dealers and three months later, …

BEIJING – Chinese Developer Yango Group Co Ltd has reached agreement with investors to delay a 40 million yuan ($6.29 million) onshore coupon payment by six months, a source with …

By David Shepardson WASHINGTON – A U.S. judge on Tuesday dismissed two charges against a former chief technical pilot for Boeing Co accused of deceiving federal regulators evaluating the company’s …

By Byron Kaye and Nikhil Nainan -Commonwealth Bank of Australia posted a forecast-beating surge in first-half profit and said it would buy back $1.4 billion of stock as a home …