Business News

SHANGHAI (Reuters) – Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, …

By Makiko Yamazaki TOKYO (Reuters) – Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, reported an 11% rise in quarterly net profit on Wednesday, as a partial stake sale …

Feb 1 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell a preliminary 1.3% month-on-month in January, with annual inflation slowing to 10.9% from 12.3% in December, data showed on Wednesday. …

By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korea’s economy inched toward its first recession in three years as data on Wednesday showed its January trade deficit soared to …

By Kane Wu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) – India’s Adani Group may have passed a key test by raising $2.5 billion in the face of a short-seller …

NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results rose sharply again in the third quarter of 2022, data from treasury and financial management …

BEIJING (Reuters) – Chinese President Xi Jinping telegraphed plans to revive consumption and reaffirmed an ambition to accelerate the country’s race towards technology independence, two of the biggest challenges facing …

BEIJING (Reuters) – China’s factory activity shrank more slowly in January than in the previous month thanks to the end of the country’s zero-COVID policy, though infections among workers still …

SHANGHAI (Reuters) – Chinese investors are starting to shift money from bonds to stocks, betting on a robust recovery for riskier assets as the government’s policy pivots to boost growth, …

LONDON (Reuters) – The downturn in euro zone manufacturing activity eased again last month suggesting the worst may be over, according to a survey which showed price pressures slackened and …

JOHANNESBURG (Reuters) – South African manufacturing activity remained in positive terrain in January, as a decline in employment and new sales orders was offset by growth in business activity and …

BERLIN (Reuters) – German manufacturers started the year with a slightly brighter outlook on the year ahead despite the fact that orders continued to fall, as inflation and supply chain …

PARIS (Reuters) – France’s manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak. S&P Global’s final …

By Jesús Aguado MADRID (Reuters) – BBVA on Wednesday posted a 38% jump in net profit to a record 6.42 billion euros ($6.98 billion) for 2022 powered by a double-digit …

By John Revill ZURICH (Reuters) – ABB has sold more of its electric vehicle (EV) charging business to four investors including a fund linked to former U.S. Vice President Al …

MADRID (Reuters) – Factory activity in Spain kept on shrinking in January even though inflationary pressures eased and business confidence strengthened, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ …

SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the Chinese yuan this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs …

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan bought a record $182 billion worth of government bonds in January, data showed on Wednesday, underscoring its …

By Marc Jones and Gibran Naiyyar Peshimam ISLAMABAD/LONDON (Reuters) – Pakistan’s full-blown economic turmoil, from its biggest ever currency devaluation to a rash of emergency spending cuts, offers the clearest …

(This Jan. 31 story has been refiled to add timing for compliance with rules) BRUSSELS (Reuters) – EU industry chief Thierry Breton on Tuesday told Twitter owner Elon Musk to …

By Mike Dolan LONDON (Reuters) – The Fed will loudly insist again on Wednesday that its inflation battle is not yet won – even as it slows the pace of …

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc cautioned that the chip industry downturn, the worst in over a decade, will deepen further in the …

By Nick Carey and Paul Lienert COVENTRY, England (Reuters) – Developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, but investors are …

By Paul Lienert (Reuters) – Michigan-based battery startup Our Next Energy (ONE) on Wednesday said it closed a $300 million Series B funding round that takes the three-year-old company’s valuation …

By Yoruk Bahceli and Chiara Elisei (Reuters) – European borrowers sold a record 280 billion euros ($304 billion) of debt in January, in a jump outpacing U.S. peers, to take …