Business News

By Toby Sterling and Bart H. Meijer AMSTERDAM – Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he …

By Lewis Krauskopf NEW YORK -Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace …

BERLIN – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted …

BERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When …

TAIPEI -Taiwan’s GlobalWafers Co Ltd said on Sunday that funds for a failed 4.35-billion-euro ($4.98 billion) takeover of German chip supplier Siltronic would go into capacity expansion instead. GlobalWafers said …

By Helen Coster -NBC’s coverage of the opening ceremony for the Beijing Olympic Games averaged close to 14 million U.S. television viewers, according to preliminary data provided by NBCUniversal on …

By Giuseppe Fonte ROME – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the …

By Deisy Buitrago CARACAS – A Venezuelan appeals court has upheld long prison terms on corruption charges for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan …

SHANGHAI – A U.S. extension of tariffs on solar products distorts international trade and hinders the development of clean, low-emission energy, China’s commerce ministry said on Saturday. President Joe Biden …

-Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain …

-Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. …

By Mike Spector and Dan Levine NEW YORK – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to …

By Eva Mathews -Digital intruders broke into News Corp email accounts and compromised the data of an unspecified number of journalists, the company disclosed Friday. The media firm’s internet security …

By Noel Randewich -A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day …

SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply …

By Rodrigo Campos and Marc Jones NEW YORK/LONDON – Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global …

NEW YORK -Bank of America Corp Chief Executive Brian Moynihan’s total compensation for 2021 rose by $7.5 million, or more than 30%, a regulatory filing showed on Friday. Moynihan will …

– The U.S. Federal Trade Commission and the U.S. Securities and Exchange Commission have asked Biogen Inc to provide information on the approval and marketing of its new Alzheimer’s disease …

By Stephanie Kelly and Marcy de Luna NEW YORK -Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions …

By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar advanced from two-week lows on Friday after data showed the world’s largest economy created far more jobs than expected, raising the …

– Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with …

By Blake Brittain and Jonathan Stempel – A U.S. appeals court on Friday threw out a jury verdict ordering Apple Inc and Broadcom Inc to pay $1.1 billion to the …

By Ann Saphir – U.S. President Joe Biden’s nominees to the Federal Reserve’s Board of Governors have completed their first official step in the confirmation process with nomination hearings before …

– Jerome Powell will become interim Federal Reserve chair on Saturday, ensuring continuity in leadership at the U.S. central bank while his renomination by U.S. President Joe Biden awaits Senate …

By David Lawder WASHINGTON – The International Monetary Fund said on Friday it has appointed Germany’s former Bundesbank president Jens Weidmann to lead a new external panel to strengthen institutional …