Business News

By Andrea Shalal JOHANNESBURG (Reuters) -South Africa needs concrete action soon if it is to maintain momentum on an energy transition program backed by the United States and other countries, …

LONDON (Reuters) – H&M said on Friday soaring costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo …

BERLIN (Reuters) – Bosch has agreed to increase its shareholding in Sweden’s Husqvarna to roughly 12%, making it one of the biggest shareholders, in a move to strengthen their battery …

(Reuters) – U.S. bond funds obtained net inflows for a third straight week in the seven days to Jan. 25 as investors remained hopeful that the Federal Reserve would deliver …

By Kate Abnett BRUSSELS (Reuters) -The Intercontinental Exchange plans to launch a “parallel market” in London for Title Transfer Facility gas trading next month, it said on Friday, providing a …

By Abhirup Roy and Kevin Krolicki (Reuters) -Elon Musk has a playbook for Tesla headed into what he believes will be a “serious” recession: cut costs on everything from parts …

By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns …

By Joan Faus BARCELONA (Reuters) – Barcelona’s city hall on Friday approved a total ban on so-called “dark stores” – distribution hubs used by companies that provide grocery home deliveries …

By Dagmarah Mackos (Reuters) -Remy Cointreau said on Friday it expected U.S. demand for cognac to weaken well into 2023, after the French spirits maker posted lower third-quarter sales as positive …

MILAN (Reuters) – Italian fashion group Prada said on Friday it appointed former Luxottica chief Andrea Guerra as its new chief executive officer, taking the place of Patrizio Bertelli and …

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee’s two-day decline slowed on Friday on news that an IMF team was visiting Islamabad next week to discuss …

TOKYO (Reuters) -Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries …

By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from …

(Reuters) – Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the …

By Elvira Pollina MILAN (Reuters) – JPMorgan Chase & Co has written to Italy’s top soccer league to express a preliminary interest in supporting the development of Serie A’s media …

By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as …

A look at the day ahead in U.S. and global markets from Mike Dolan. A surge of ‘soft landing’ hopes for the U.S. economy on Thursday got sideswiped overnight after …

DETROIT (Reuters) – General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs). …

By Hari Kishan BENGALURU (Reuters) – U.S. Treasury yields a year from now are forecast to trade sharply lower than the level expected by bond strategists polled by Reuters just …

(This Jan. 25 story has been refiled to fix the spelling of Markopolos in the eighth paragraph) By Carolina Mandl NEW YORK (Reuters) – Short-seller Hindenburg Research disclosed on Wednesday …

By Peter Hobson LONDON (Reuters) – An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal …

FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a …

GENEVA (Reuters) – World Trade Organization members have overcome a months-long impasse over who will chair ongoing negotiations to fix new global trade rules for agriculture and fisheries, the watchdog’s …

By Mimosa Spencer PARIS (Reuters) -A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company’s fourth quarter sales update prompted some …