Business News

By Lisa Baertlein LOS ANGELES (Reuters) – FedEx on Tuesday said it will merge its contractor-based Ground delivery operations in Canada into its company-operated Express unit and convert contractors into …

LONDON (Reuters) – Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which …

By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic …

By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Pressure is mounting on China’s cash-strapped local governments as authorities move to shut a private funding route for their financing arms, …

(Reuters) -Raytheon Technologies said on Tuesday it has received a $1.15 billion contract from the U.S. Air Force for its AIM-120 D-3 and C-8 AMRAAM (Advanced Medium Range Air-to-Air Missiles). …

SAO PAULO (Reuters) – The president of Brazil’s securities watchdog CVM on Tuesday urged employees from Americanas with information about the retailer’s alleged multi-billion-dollar fraud to give testimony in exchange …

By Joyce Lee SEOUL (Reuters) -The South Korean government has been ordered to pay hedge fund Elliott about $108.5 million, Elliott and the Ministry of Justice said on Tuesday, in …

By Rodrigo Campos and Nelson Bocanegra NEW YORK (Reuters) – Colombia will continue to extract fossil fuels for “much longer” until it has other exports to replace that revenue, while …

NEW YORK (Reuters) – The International Monetary Fund is encouraged by the progress in discussions between Zambia and its official creditors, and an agreement could be reached “within a few …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A deepening sense of caution descends over Asian markets as …

By David Shepardson WASHINGTON (Reuters) – Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for a five-day evidentiary hearing set to begin this …

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Two Federal Reserve policymakers and an economist nominated to join them on the Fed’s Washington-based board on Tuesday said their focus …

SEOUL (Reuters) – South Korea’s producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. …

(Reuters) -Visa has hired Chris Suh, the finance chief at Electronic Arts and a former executive at Microsoft, as its new CFO, the payments processor said on Tuesday. Suh is …

By Daniel Wiessner (Reuters) – U.S. appeals court judges on Tuesday said a recent U.S. Supreme Court ruling involving Southwest Airlines baggage handlers does not support Domino’s Pizza LLC’s bid …

(Reuters) – Bitcoin rose 5.1% to $28,211 at 20:49 GMT on Tuesday, adding $1,369 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71% from the …

By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the dollar index inched up on Tuesday as investors weighed the U.S. interest rate outlook ahead of Federal …

By Josh Ye, David Kirton and Chen Lin HONG KONG/SHENZHEN, China (Reuters) – Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of U.S. sanctions? …

MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium …

ROME (Reuters) – Italy’s participation in China’s Belt and Road Initiative (BRI) has produced few benefits, Rome’s Foreign Minister Antonio Tajani said on Tuesday, as his country faces a decision …

By Laura Matthews NEW YORK (Reuters) – Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent …

By Ludwig Burger FRANKFURT (Reuters) -Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to be indemnified by Sanofi in cancer lawsuits …

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Justice Department antitrust division plans to expand the scope of its bank merger review process, the department’s chief said on Tuesday, in a …

By Abhirup Roy SAN FRANCISCO (Reuters) – BTC Power will add Tesla’s standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford …

(Reuters) – Ball Corp, the world’s largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was …