Business News

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell was blunt this week when he said the central bank couldn’t shield the economy from the damage should the …

A look at the day ahead in U.S. and global markets from Mike Dolan. The coast may be clearing on interest rates but a spluttering economy still has the power …

By Mimosa Spencer PARIS (Reuters) – French luxury goods group Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder …

MANILA (Reuters) – Starlink, the satellite internet unit of Elon Musk’s SpaceX, is on track to enter the Philippine market this year, with its broadband service to be introduced within …

VILNIUS/PRAGUE (Reuters) – The European Central Bank is likely to raise interest rates again in May after an already signalled hike in March, two policymakers said on Friday, with one …

BEIJING (Reuters) – Tesla Inc sold 66,051 China-made electric vehicles in January, data published by the China Passenger Car Association showed on Friday. That was up 18% from December, when …

ROME (Reuters) – World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia’s invasion …

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – The Bank of Japan’s leadership race came under renewed market scrutiny after Hiroshi Nakaso, seen as a strong contender to become …

LONDON (Reuters) – Business activity in the euro zone bounced back to growth in January, according to a survey which suggested the bloc’s economy might again escape a contraction this …

By Shivam Patel, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – India’s Gautam Adani, the school dropout who rose to become one of the world’s richest men, suffered a …

By Joe Cash BEIJING (Reuters) – China should avoid a premature tightening of macro-economic policies as its economy is still not performing at its full potential despite rebounding from COVID-19, …

FRANKFURT (Reuters) – Euro zone companies expect to slow the pace of price increases this year as their outlook for costs and demand becomes less clear, a survey by the …

FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’s target, an ECB poll of economists forecast on …

FRANKFURT (Reuters) – Siemens Energy, which supplies equipment to the power sector, expects its business catering conventional energy sources to support its optimistic view for 2023, its chief executive said …

BERLIN (Reuters) – German services sector activity rose in January for the first time in seven months and companies showed increased optimism, a survey showed on Friday. S&P Global’s final …

STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to public holidays. Volvo Cars, …

(Reuters) – The earnings bonanza rumbles on, with U.S. media and consumer stocks and big oil and renewables topping the list in Europe. Australia and India’s central banks are navigating …

(Reuters) -Swiss federal prosecutors have launched criminal proceedings targeting the perpetrators of a 2022 leak of information on thousands of Credit Suisse accounts, they said on Friday. The leak covered …

NAIROBI (Reuters) – Kenya’s private sector activity rose for a third consecutive month in January, helped by improved business in agriculture, manufacturing, services and wholesale and retail sectors, a survey …

STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for …

STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo said on Thursday its Chief Financial Officer Tina Hultkvist had decided to resign and the company had launched a search for her successor. …

ISTANBUL (Reuters) – Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to …

By Kiyoshi Takenaka TOKYO (Reuters) – SoftBank Group Corp’s quarterly earnings on Tuesday are set to show persistent pressure from tech valuations that have yet to recover from a global …

JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts …

By Mike Dolan LONDON (Reuters) – For all intents and purposes, financial markets think the brutal central bank tightening cycle is done. That may seem like a leap of faith …