Business News

SEOUL – South Korea’s antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its Korean unit 20.2 billion won ($16.9 million) for false advertising tied to …

By Howard Schneider WASHINGTON – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was …

LONDON -Danish pension fund AkademikerPension said on Monday it was selling its stake in budget airline Wizz Air over alleged “human and labour rights abuses” towards its workers. The $23 …

By Karl Plume – The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture …

HAMBURG -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal prices and strong output boosted …

DUBAI – Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said …

SHANGHAI – China’s central bank has imposed a 22.37 million yuan ($3.52 million) fine on MYBank, the online bank backed by China’s Ant Group, for violations including breaching rules on …

By Francesco Canepa FRANKFURT – The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as …

A look at the day ahead in markets from Julien Ponthus. The European Central Bank’s meeting last week turned out to be quite a policy pivot. With euro zone inflation …

TAIPEI – Taiwan’s central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of …

By Makiko Yamazaki TOKYO – Toshiba said on Monday it now aims to split into two companies instead of three, while boosting planned shareholder returns to appease angry investors. The …

ROME – Italian luxury group Dolce&Gabbana has set up a new company to directly manage the development, production and sale of its perfumes and cosmetics, Chief Executive Alfonso Dolce said …

By Saqib Iqbal Ahmed NEW YORK – Liquidity in U.S. stocks has fallen to levels last seen during the COVID-19 selloff two years ago, adding to volatility in an already-nervous …

BEIJING – China and the United States should address trade issues on the basis of mutual respect, the Chinese foreign ministry said on Monday, as U.S. officials urged Beijing to …

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and …

By Clyde Russell LAUNCESTON, Australia – Rio Tinto’s decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry …

By John McCrank NEW YORK – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based …

SINGAPORE – Elon Musk’s satellite internet venture is helping to restore connectivity to the Pacific Island nation of Tonga, according to an official in Fiji where the work is underway. …

By Bhargav Acharya and Shivani Tanna – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe …

TAIPEI – Taiwan has not been approached by the United States on the issue of diverting some supplies of Liquefied Natural Gas (LNG) to Europe if the Ukraine crisis leads …

– MMG Ltd said on Monday that production at its Las Bambas copper mine in Peru may stop by Feb. 20 after a local community blocked again a road used …

By Anshuman Daga SINGAPORE – After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, …

SHANGHAI – The Chinese government could take further measures if needed to keep the yuan stable, potentially putting downward pressure on the currency, a former foreign exchange regulator said. Policymakers …

By William James LONDON – Britain and South Korea will on Monday sign an agreement to reinforce pandemic-damaged supply lines for key products like semiconductors, with trade minister Anne-Marie Trevelyan …

By Shashwat Awasthi – Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit from “softer” performance in its …