Business News

By Stella Qiu SYDNEY (Reuters) – Australia’s house prices extended declines for the ninth straight month in January amid high mortgage rates, a drag on household wealth that will further …

By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s central bank recommended on Tuesday that retail investors convert their foreign currency Eurobonds into local “replacement bonds” as 5.7 trillion roubles ($81 billion) …

BERLIN (Reuters) – The European Union does not want to wage a subsidy war against the United States over its Inflation Reduction Act, EU Commissioner Paolo Gentiloni said in Berlin …

By Maya Gebeily CHTAURA, Lebanon (Reuters) – The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers …

By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – Even as hopes grow that central European economies can avoid all-out stagflation, the region’s central bankers have their eyes on two …

MOSCOW (Reuters) -Russia’s labour market, budget and balance of payments will exert inflationary pressures in 2023, the central bank said on Tuesday, while the rouble’s December weakening may also feed …

By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros …

ANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft …

(Reuters) – Phillips 66 on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins. The Houston, Texas-based refiner’s earnings stood at $1.9 billion, …

(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped …

(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the …

By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) -Bed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators …

By Joe Cash BEIJING (Reuters) -China’s economic activity swung back to growth in January, after a wave of COVID-19 infections passed through the country faster than expected following abandonment of …

By Victoria Klesty OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an …

By Tim Hepher PARIS (Reuters) – Airbus and Boeing have set the stage for the next chapter in their titanic rivalry by remodelling two of the world’s largest buildings – …

By David Milliken LONDON (Reuters) -More companies suffered insolvency last year in England and Wales than any time since 2009, government figures showed on Tuesday, reflecting the end of coronavirus …

By Stefania Spezzati LONDON (Reuters) -JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders, sources with knowledge of the review told Reuters, …

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials believe their effort to shrink the U.S. central bank’s bond holdings is far from done, pushing back against some …

A look at the day ahead in U.S. and global markets from Mike Dolan There’s an uncomfortable feeling in markets this week that good news may be bad news once …

By Ariba Shahid and Mohi Narayan KARACHI (Reuters) – Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due …

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) -Portugal’s economy grew 6.7% in 2022, its strongest rate in 35 years, boosted by domestic demand and booming tourism, but inflation hampered …

By Maria Martinez and Rachel More BERLIN (Reuters) -German retail sales unexpectedly fell in December as a Christmas shopping period weighed down by high inflation and the energy crisis revived …

JAKARTA (Reuters) – Indonesia’s economy likely grew within a range of 5.2% to 5.3% in 2022, and a slight deceleration is expected this year due to slowing global growth, its …

By Andy Bruce LONDON (Reuters) -Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as …

By Shubham Batra and Nikunj Ohri NEW DELHI (Reuters) – India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for …