Business News

By James Davey LONDON (Reuters) – British grocery inflation hit a record 16.7% in the four weeks to Jan. 22, dealing another blow to consumers battling an escalating cost-of-living crisis, …

LONDON (Reuters) – Mortgage approvals in Britain slumped in December to levels seen during the global financial crisis, Bank of England data showed on Tuesday in a further indication that …

BERLIN (Reuters) -Germany’s unemployment rate remained stable in January, Labour Office figures showed on Tuesday. The Federal Labour Office said the number of people out of work fell by 15,000 …

(Reuters) – Sri Lanka’s key inflation rate eased to 54.2% in January from 57.2% in December, the country’s statistics department said on Tuesday. The Colombo Consumer Price Index (CCPI) reflected …

FRANKFURT (Reuters) -Euro zone banks have tightened companies’ access to credit by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic …

By Canan Sevgili and Can Sezer ISTANBUL (Reuters) – Turkey’s tourism revenue hit a record $46.3 billion in 2022 even as its trade deficit swelled to more than $109 billion, …

PARIS (Reuters) – French inflation rose in January on higher energy prices after the government phased out some measures that had reined in increases, according to preliminary figures released on …

BANGKOK (Reuters) – Thailand’s economic recovery maintained its traction in December, boosted by increased tourism and domestic consumption, but exports were affected by the slowing economies of trading partners, the …

DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on the back of lower expected …

(Reuters) – A.G. Barr said on Tuesday it expects its full-year revenue and profit to beat market expectations, helped by price hikes and steady demand for its cocktail mixes and …

By Noele Illien ZURICH (Reuters) -UBS, Switzerland’s biggest bank, forecast an uncertain year ahead due to the war in Ukraine and sagging client confidence on Tuesday, despite trumping expectations for …

TAIPEI (Reuters) – Taiwan’s export orders contracted for a fourth straight month in December, hit by slumping Chinese demand and weaker global consumer spending due to inflation and interest rate …

By Niklas Pollard STOCKHOLM (Reuters) -Swedish bank Swedbank reported a bigger-than-expected rise in net profit for the fourth quarter and proposed raising its annual dividend on Tuesday as surging central …

By Gilles Guillaume PARIS (Reuters) -Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. But for the French car …

LONDON (Reuters) – The British public’s predictions for inflation cooled again in January, according to a survey on Tuesday that should further comfort the Bank of England that high prices …

SEOUL (Reuters) – Most Bank of Korea board members at a Jan. 13 meeting turned cautious about interest rates rises, even though a majority voted for one on that day, …

By Lucy Raitano LONDON (Reuters) – Europe’s glittering luxury companies, the region’s top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but …

JOHANNESBURG (Reuters) -South Africa’s biggest supermarket group Shoprite reported a 16.8% jump in half year sales on Tuesday, supported by a record Black Friday and festive season as both cash-strapped …

PARIS (Reuters) -France managed to eke out meagre growth in the final quarter of 2022 as falling energy imports and firm business investment offset a pullback in consumer spending, preliminary …

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Recession worries are sending investors into Treasuries and other fixed income investments ahead of the Federal Reserve’s first meeting of 2023, even as …

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd on Tuesday indicated it has no plan to cut investment in chips this year, even …

SHANGHAI (Reuters) – Chinese electric vehicle (EV) giant BYD said on Tuesday it is working on a potential acquisition of Yi’an P&C Insurance Co, an insurer that was seized by …

By Naomi Rovnick, Marc Jones and Yoruk Bahceli LONDON (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but …

SYDNEY (Reuters) -The trade ministers of Australia and China will hold a virtual meeting next week, Australia’s trade minister, Don Farrell, told broadcaster ABC in an interview on Tuesday. The …

By Josh Horwitz SHANGHAI (Reuters) – China’s semiconductor industry has become a key target of the United States, which has imposed a slew of export restrictions targeting several parts of …