Business News

By Bernardo Caram BRASILIA (Reuters) – Brazil’s finance ministry sees room for leftist President Luiz Inacio Lula da Silva to raise the minimum wage as of May at a cost …

By Matt Tracy WASHINGTON (Reuters) – Banks are hoping to quicken the pace of offloading at least some of the billions of dollars of leveraged buyout debt stuck on their …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight …

By Karen Brettell NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the …

NEW YORK (Reuters) – The Federal Reserve is likely to raise interest rates by another 25 basis points (bps) at the March policy meeting following a blockbuster U.S. non-farm payrolls …

By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said the 5.1% policy rate that most Fed policymakers thought as of December would ultimately be …

By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports …

By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico is gearing up to build several manufacturing hubs for electric vehicles across the country, Foreign Minister Marcelo Ebrard told Reuters, and is …

By Howard Schneider WASHINGTON (Reuters) – A blowout January employment report and continued record numbers of job openings have left the U.S. Federal Reserve with a growing dilemma of whether …

By Allison Lampert and Aishwarya Nair MONTREAL (Reuters) -The major pilots union in North America and the union representing Air Canada pilots have had initial talks about a merger at …

By Jonathan Stempel (Reuters) – A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said …

BERLIN (Reuters) – The European Union wants to avoid a subsidy race against the United States and does not want to fare behind Mexico or Canada as a trading partner, …

By Dietrich Knauth (Reuters) – Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies’ bankruptcy, …

By Daniel Wiessner (Reuters) – Twitter Inc is refusing to arbitrate legal claims by hundreds of ex-employees who cannot produce copies of employment contracts they signed, after the company successfully …

By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent …

By Marcela Ayres BRASILIA (Reuters) -A new wave of criticism from Brazilian President Luiz Inacio Lula da Silva and his Cabinet against the central bank weighed on financial markets on …

By David Shepardson WASHINGTON (Reuters) -The U.S. Treasury Department said Friday it will make more Tesla , Ford Motor, General Motors and Volkswagen electric vehicles eligible for up to $7,500 …

By Leroy Leo (Reuters) -Cigna Corp expects its pharmacy benefit management unit to earn more from the second half of 2023 as makers of cheaper versions of AbbVie Inc’s arthritis …

By Susan Heavey and Chris Prentice WASHINGTON/NEW YORK (Reuters) -Activision Blizzard Inc has agreed to pay $35 million to settle U.S. Securities and Exchange Commission charges that it failed to …

By Daniel Wiessner (Reuters) – A U.S. labor board has cleared the way for 86 technicians at Nissan Motor Co’s Smyrna, Tennessee plant to vote on whether to join a …

MADRID (Reuters) – A Spanish court has ruled that Amazon must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has …

By Simon Jessop LONDON (Reuters) – Paul Bodnar, the head of sustainability policy and engagement at BlackRock, the world’s biggest asset manager, is to join tech mogul Jeff Bezos’ $10 …

By Tanvi Mehta (Reuters) -Credit ratings agency S&P on Friday cut its rating outlook on Adani Ports and Special Economic Zone and Adani Electricity to negative from stable, while peer …

SHANGHAI (Reuters) – China’s move this week to streamline stock market listing rules is unlikely to result in a flood of initial public offerings, bankers say, citing the prospect of …

By James Pearson and Danilo Masoni LONDON/MILAN (Reuters) -A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, …