Business News

WASHINGTON (Reuters) – President Joe Biden will release his proposed budget on March 9, the White House said on Tuesday, setting a deadline before his meeting with the Republican House …

(Reuters) – United Airlines Holdings Inc on Tuesday announced a new joint venture to develop and commercialize a sustainable aviation fuel (SAF) technology that will use ethanol as a feedstock. …

By Joseph White and Paul Lienert DETROIT (Reuters) – General Motors Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production …

WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in January as households continued to worry about the economy’s prospects over the next six months, a survey showed on Tuesday. The …

By Gavin Jones ROME (Reuters) – Italy’s economy shrank by 0.1% in the fourth quarter of last year from the previous three months, preliminary data showed on Tuesday, a slightly …

By Bianca Flowers and Aishwarya Nair (Reuters) – Caterpillar Inc’s fourth-quarter earnings slid by 29%, the company reported on Tuesday, citing higher manufacturing costs and foreign currency effects that weighed …

By Dawn Chmielewski (Reuters) – Warner Bros Discovery Inc has reached deals with streaming services Roku Inc and Fox Corp’s Tubi to license 2,000 hours of movies and TV series, …

By Supantha Mukherjee and Dawn Chmielewski STOCKHOLM/LOS ANGELES (Reuters) – Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments …

By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – A top-10 shareholder in Bayer on Tuesday called on the group’s supervisory board to replace chief executive Werner Baumann quickly, adding …

By Ellen Zhang and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell 4% in 2022 from a year earlier, official data showed on Tuesday, squeezed by the impact …

By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) – Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money era and …

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded slightly in November, matching expectations, and likely stalled in December, data showed on Tuesday, broadly in line with the …

By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock stalled …

WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow the housing market’s slide …

By Sheila Dang (Reuters) -Budweiser is aiming to appeal to younger beer drinkers with a Super Bowl commercial that features actor Kevin Bacon and hip hop record producer Metro Boomin, …

(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced …

BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the Finance Ministry, stressing that the …

By Chris Thomas, Aditya Kalra and Sriram M MUMBAI (Reuters) – Gautam Adani’s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship …

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they have opened a safety probe into more than 1.8 million Ford Explorer sport utility vehicles over reports windshield …

JAKARTA (Reuters) – Indonesia’s finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose term ends in May, …

By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and …

By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a …

By Tom Hals, Mike Spector and Dan Levine (Reuters) -A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its …

By Kavya Guduru (Reuters) – Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll …