Business News

By Arunima Kumar and Arshreet Singh (Reuters) -Hawaiian Electric Industries shares rose more than 10% on Friday, recovering some of their recent sharp losses after the utility said it is …

(Reuters) -U.S. Steel said on Thursday that its labor agreement with United Steel Workers (USW) does not afford the union the right to veto a sale of the company that …

(Reuters) -The Federal Aviation Administration said on Friday it will require some users of Pratt & Whitney’s geared turbofan engine to conduct inspections within 30 days to prevent a part …

By Howard Schneider WASHINGTON (Reuters) – Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of …

By Tim Hepher, Lisa Baertlein, Allison Lampert and Valerie Insinna (Reuters) -Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity …

By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a …

By Pablo Mayo Cerqueiro LONDON (Reuters) – Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) …

By Diane Bartz WASHINGTON (Reuters) – The California attorney general’s office is probing whether Kroger’s $24.6 billion plan to buy rival grocer Albertsons will make it harder for people in …

By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares sank to their lowest level in six weeks on Friday, dragged down by financials and healthcare as concern over interest rates …

By Richa Naidu and Martin Coulter LONDON (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI …

By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co breezed past Wall Street estimates for third-quarter profit on Friday and raised its full-year guidance, but investor concerns over slower …

By Jorgelina do Rosario LONDON (Reuters) -Argentina’s surprise presidential front-runner, radical libertarian Javier Milei, pitched models of dollarizing the South American country’s economy in a meeting with major lender the …

By David Randall NEW YORK (Reuters) – A swift sell-off in technology stocks and surge in Treasury yields are punishing Cathie Wood’s flagship ARK Innovation ETF, leaving the closely followed …

By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as heavy rain put off shoppers who are also feeling the hit …

By Bianca Flowers (Reuters) -U.S. Senator J.D. Vance on Thursday asked U.S. Steel to rule out a foreign buyer, in a sign that the emerging bidding war for the iconic …

By Shivansh Tiwary and Kannaki Deka (Reuters) -WeWork said on Friday it would proceed with a one-for-forty reverse stock split to regain compliance with listing requirements, days after the flexible …

By Deborah Mary Sophia (Reuters) -Shares of Farfetch slumped nearly 40% to a record low on Friday, as choppy demand in the online luxury goods retailer’s top two markets, the …

By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve is likely done raising interest rates, according to a strong majority of economists polled by Reuters, and …

NAIROBI (Reuters) – Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of $15 million, the government’s investment agency said on Friday. The …

FRANKFURT (Reuters) – The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European Central Bank chief economist Philip …

FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to …

(Reuters) – Xpeng on Friday forecast third-quarter revenue below analysts’ expectations and reported a hit to margins following an inventory writedown, sending its U.S.-listed shares down 7% before the bell. …

By Daniel Wiessner (Reuters) – Activision Blizzard Inc and Kellogg Co have joined a growing list of major U.S. companies to face claims from a group founded by former Trump …

BEIJING (Reuters) – Angry investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators, pleading with the authorities to step in after the big …

By Summer Zhen, Laura Matthews HONG KONG/NEW YORK (Reuters) -Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected …