Business News

By Saqib Iqbal Ahmed NEW YORK – A plunge in the shares of Facebook owner Meta Platforms Inc fueled a surge of options trading on Thursday, with some investors positioning …

By Michael Erman – Merck & Co said on Thursday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its …

By Manas Mishra -Biogen Inc on Thursday forecast 2022 profit well below Wall Street estimates as sales of its new Alzheimer’s disease drug stall, and said it was considering deals …

MILAN – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal …

By Noel Randewich – Retail investors appeared to be enthusiastically buying the dip in Wall Street’s biggest growth companies on Thursday as the U.S. stock market plunged following Facebook owner …

By Diane Bartz WASHINGTON -The Senate Judiciary Committee on Thursday voted to approve a bill that would rein in app stores of companies they said exert too much market control, …

By Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks …

By Kirstin Ridley LONDON -KPMG has been sued for 1.3 billion pounds ($1.77 billion) by the liquidators of Carillion for missing “red flags” during audits of the construction giant, in …

By Andy Bruce and David Milliken LONDON -The Bank of England raised interest rates to 0.5% on Thursday and nearly half its policymakers wanted a bigger increase to contain rampant …

By Pratima Desai and Zandi Shabalala LONDON – Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year …

NEW YORK -Short sellers in Meta Platforms Inc were poised to increase their potential 2022 gains to more than $2 billion with the stock’s plunge on Thursday after the Facebook …

FRANKFURT, Feb 3 – The European Central Bank kept policy unchanged as expected on Thursday, staying on track to provide copious stimulus this year even as inflation runs at a …

By Balazs Koranyi and Francesco Canepa FRANKFURT – The European Central Bank finally acknowledged mounting inflation risks and even opened the door a crack to an interest rate increase this …

By Aditi Sebastian and Ananya Mariam Rajesh -Estee Lauder Cos Inc raised its annual revenue and profit projections on Thursday as price hikes and a recovery in demand for its …

By Manya Saini -Investment bank Lazard Ltd said on Thursday it expects dealmaking activity to remain robust following a record-breaking year for mergers and acquisitions, after posting earnings well above …

By Uday Sampath Kumar -Ralph Lauren Corp raised its annual revenue forecast on Thursday and became the latest luxury goods retailer to top market estimates for holiday-quarter revenue as demand …

LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the …

By Ann Saphir and Lindsay Dunsmuir – Former Federal Reserve Governor Sarah Bloom Raskin, Michigan State University’s Lisa Cook, and Davidson College’s Philip Jefferson are due to appear before the …

WASHINGTON – New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories. The Commerce Department said on Thursday that factory …

By Ron Bousso LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and …

COPENHAGEN -Danish brewer Carlsberg said on Thursday it would look for growth beyond its core beer market over the next five years to focus on categories like cider, seltzers and …

By Pratima Desai LONDON – Rising sales of electric vehicles (EVs) and a scramble along the supply chain to secure materials have propelled prices of battery ingredients nickel, cobalt and …

By Nandita Bose WASHINGTON – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning …

ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker …

JOHANNESBURG -South Africa’s labour ministry on Thursday urged Rio Tinto workers to report instances of discrimination after the Anglo-Australian miner released an internal report detailing sexual assault, racism, and bullying …