Business News

By David Randall NEW YORK (Reuters) -Several indicators that pointed to upside for U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence …

By Ahmed Hagagy KUWAIT CITY (Reuters) – Kuwait Airways plans to lease eight Airbus passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday. The state-owned carrier is examining …

(Reuters) -Photoshop maker Adobe’s co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. The cause of his death was not disclosed. “It …

BEIJING (Reuters) – China will coordinate financial support to resolve local government debt problems, the central bank said in a statement on Sunday, as policymakers look to shore up an …

ANKARA (Reuters) -Turkey’s central bank began rolling back on Sunday a growing and costly scheme that protects lira deposits from FX depreciation, marking another move toward more orthodox policies following …

By Nichola Groom (Reuters) -Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington’s effort to stamp out U.S. links to forced labor in …

By Crispian Balmer ROME (Reuters) – Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy’s best-known dealmakers, has died, his investment company IMMSI said on …

(Reuters) – Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial …

By Gwladys Fouche ARENDAL, Norway (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is to step up pressure on the companies it invests in …

BUENOS AIRES (Reuters) – Argentina’s government announced on Friday a price agreement for supermarkets to limit monthly increases to a maximum of 5% for 90 days as the country tries …

By Clare Jim, Jonathan Stempel and Dietrich Knauth HONG KONG/NEW YORK (Reuters) – Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the …

By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth …

By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Friday rejected as “entirely inadequate” the U.S. government’s plan for letting the jailed founder of the collapsed FTX …

By Medha Singh (Reuters) -VinFast shares slumped for a third straight session on Friday, with the Vietnamese electric automaker now losing more than half of its market value since its …

(Reuters) -Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday. …

By Anirban Sen and Manya Saini (Reuters) – SoftBank Group Corp’s Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the …

By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal …

By Amy-Jo Crowley, Emma-Victoria Farr and Milana Vinn LONDON/FRANKFURT/NEW YORK (Reuters) -Dalian Wanda Group, owned by China’s once-richest man Wang Jianlin, is seeking to sell its sports marketing unit Infront …

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – More than two years since a breathtaking surge in shares of GameStop captivated Wall Street, the meme stock phenomenon …

SHANGHAI (Reuters) -China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if …

WASHINGTON (Reuters) – The U.S. State Department has approved a possible sale to Australia of M142 High Mobility Artillery Rocket Systems (HIMARS) for $975 million, the Pentagon said on Friday. …

By Shariq Khan BENGALURU (Reuters) -Oil prices rose about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended their longest weekly rally of 2023 …

By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed …

By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Estee Lauder forecast annual sales and profit below estimates on Friday, indicating a slower-than-expected rebound in its travel retail business, mainly in …

By Nichola Groom (Reuters) -The United States on Friday finalized a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid …