Business News

ROME (Reuters) – The European Central Bank (ECB) is preparing to send a letter to Italy raising objections about the government’s windfall tax on banks’ profits, the Corriere della Sera …

By Praveen Menon SYDNEY (Reuters) – Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks …

A look at the day ahead in U.S. and global markets from Mike Dolan A rekindled bond market fire storm and simmering China property crisis have dragged world stocks to …

By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan’s export-dependent economy will probably grow at its slowest pace in eight years this year, the government’s statistics office said on …

(Reuters) – Ratings agency Moody’s Investors Service downgraded utility Hawaiian Electric Industries’s credit rating to junk status on Friday, the second such cut this week as investors worried about the …

(Reuters) – Embattled property developer China Evergrande Group said on Friday its application to the U.S. Court for bankruptcy protection is a normal procedure for offshore debt restructuring and does …

By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept …

By Mike Dolan LONDON (Reuters) – A frantic recalibration of long-term borrowing rates has unnerved financial markets trying to parse both many of the positive reasons behind the move and …

By Jan Strupczewski BRUSSELS (Reuters) -When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their …

By Tom Sims FRANKFURT (Reuters) -Building permits for apartments in Germany fell 27% during the first half of the year, the statistics office disclosed on Friday, underscoring a downturn in …

By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to …

By Doyinsola Oladipo, Julia Harte and Rich McKay (Reuters) – The incongruous sight of tourists enjoying Maui’s tropical beaches while search-and-rescue teams trawl building ruins and waters for victims of …

By Mei Mei Chu and A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia’s economic growth hit the lowest in nearly two years in the second quarter due to sliding exports and a …

By Katherine Masters, Amy Tennery and Helen Reid NEW YORK/LONDON (Reuters) -When England and Spain face off in Sunday’s Women’s World Cup final, there will be more than sporting pride …

A look at the day ahead in European and global markets from Kevin Buckland China continues to set the mood for markets, and the tone is unswervingly sombre. Property boom …

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s core consumer prices slowed in July, supporting expectations the Bank of Japan (BOJ) will be in no rush to phase out monetary easing, even …

By Lewis Jackson and Rishav Chatterjee SYDNEY (Reuters) – Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving …

By Ben Klayman (Reuters) -Vietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among …

By Devayani Sathyan BENGALURU (Reuters) – Thailand’s economy likely grew 3.1% in the April-June quarter from a year ago, up from 2.7% in the previous quarter, driven by increased foreign …

(Reuters) – Ford Motor is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a limited-edition, high-performance hot rod priced from $300,000. …

(Reuters) – Argentina’s economy ministry said on Thursday it will freeze fuel prices until October 31 after an agreement with the industry as a measure to help tamp down triple-digit …

By Andrew Hayley BEIJING (Reuters) – China’s muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel fuel, the oil product that …

By Jonathan Stempel, Dietrich Knauth and Manya Saini NEW YORK (Reuters) -China Evergrande, which is the world’s most heavily indebted property developer and became the poster child for China’s property …

(Reuters) – Government targets to increase wind power installations would see annual capacity additions reach 80 gigawatts (GW) per year by 2030, requiring $100 billion in secured investment in the …

By Dietrich Knauth NEW YORK (Reuters) -Trucking firm Estes Express has submitted a $1.3 billion bid to acquire bankrupt Yellow Corp’s shipment centers, attorneys said on Thursday at a U.S. …