Business News

(Reuters) -Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from the first, a positive sign for the startup that has …

(Reuters) – Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year. …

SHANGHAI/SINGAPORE (Reuters) – Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, …

BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks to give customers the …

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to a steady inflow of contributions from wealthy donors and the …

By Karen Lema and Enrico Dela Cruz MANILA (Reuters) -Philippine annual inflation eased for a fifth straight month in June, supporting expectations the central bank will keep rates unchanged for …

BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in chip production in Germany, a welcome trend as Europe looks …

(Reuters) – Parcel delivery firm United Parcel Service Inc and the Teamsters Union on Wednesday accused each other of walking away from the negotiations, delaying contract talks that covers roughly …

By David Milliken LONDON (Reuters) – Britain sold a government bond at auction on Wednesday that will pay investors an annual return of 5.668% – the highest yield of any …

By Mai Nguyen (Reuters) – China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security …

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is widely expected to loosen monetary policy further on Thursday, following a massive 250-basis-point interest rate cut in June, as …

LONDON (Reuters) – Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc’s dominant services industry and a deepening decline of factory output, …

ATLANTIC CITY, NJ – This Independence Day marked a historic moment in Atlantic City as the world’s largest beachfront indoor entertainment experience, Island Waterpark, opens its doors to the public. …

PARIS (Reuters) – Stellantis has no plans to move production of the electric Peugeot e-208 to France from Spain despite a push from the French government for more locally made …

TOKYO (Reuters) – Tesla Inc cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on …

By Emilio Parodi MILAN (Reuters) – Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could …

(Reuters) – Car sales in Russia rose 151.8% year-on-year in June, analytical agency Autostat said on Wednesday, continuing to rebound from a dramatic car industry slump in 2022. Russia’s auto …

By Lewis Jackson SYDNEY (Reuters) -Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the …

A look at the day ahead in U.S. and global markets from Mike Dolan As U.S. markets return from Independence Day, the Federal Reserve’s slightly awkward deliberations are laid bare …

By Andy Bruce MANCHESTER, England (Reuters) – Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is …

By Michael S. Derby (Reuters) – Federal Reserve meeting minutes from the June policy gathering to be released on Wednesday are likely to show an active debate among policymakers who …

By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China …

By Asif Shahzad ISLAMABAD (Reuters) – Prime Minister Shehbaz Sharif said on Wednesday that he hoped the $3 billion short-term bailout for Pakistan would be given final approval by the …

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the commerce ministry on …

(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease …