Business News

By Sabrina Valle (Reuters) – Chevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry’s most ambitious shareholder payouts to date, …

By Sabrina Valle, Liz Hampton and Sourasis Bose (Reuters) -U.S. oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for fourth-quarter profit on better-than-expected production in Guyana, …

JAKARTA (Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Thursday the passage of a law last year that expanded Bank Indonesia’s (BI) mandate would not affect its framework …

(Reuters) -Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart …

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) told lawmakers on Wednesday that it had revoked access to a pilot messaging database to contractor personnel involved in a …

By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korea’s government promised strong support for exporters after the country posted on Thursday its first economic contraction in 2/1-2 years, due …

By Dawn Chmielewski, Svea Herbst-Bayliss and Milana Vinn NEW YORK (Reuters) – Large shareholders in News Corp on Wednesday applauded Rupert Murdoch’s decision to withdraw a proposal to reunite the …

By Sheila Dang and Katie Paul (Reuters) – Former U.S. President Donald Trump’s potential return to Meta Platform’s Facebook and Instagram is unlikely to change how advertisers spend money with …

By David Shepardson WASHINGTON (Reuters) -The U.S. Department of Transportation (USDOT) said on Wednesday it is investigating whether Southwest Airlines engaged in “unrealistic scheduling of flights” in December when it …

MANILA (Reuters) – The Philippines posted a trade deficit of $4.6 billion for December, the biggest trade gap in three months, government data showed on Thursday. That brought the full-year …

DUBLIN (Reuters) – Irish consumer sentiment improved to its strongest level in seven months in January, a survey showed on Thursday, with the authors pointing to a softening of fuel …

By Gabriel Araujo SAO PAULO (Reuters) -Brazilian retailer Americanas SA owes a variety of creditors around $8 billion, a Rio de Janeiro court said on Wednesday, providing the most detailed …

By Chavi Mehta (Reuters) – IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations …

By Deborah Mary Sophia and Katherine Masters (Reuters) -Levi Strauss & Co forecast annual sales above Wall Street estimates on Wednesday, banking on a stronger back-half of the year even …

By David Shepardson WASHINGTON (Reuters) – Two senior Biden administration officials got behind the wheel of new electric vehicles (EV) Wednesday at the Washington, D.C. auto show to urge Americans …

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Wednesday said he was focused on whether interest rates would need to go higher and …

By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office (CBO) said on Wednesday that it plans to release its 2023 baseline budget and economic forecast on Feb. 15, along …

By Michael Martina (Reuters) – Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal …

By David Shepardson WASHINGTON (Reuters) -The U.S. National Transportation Safety Board (NTSB) has faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal jetliner crash and said that …

By Herbert Lash NEW YORK (Reuters) -Global equity markets skidded on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields …

By David Shepardson (Reuters) -Relatives of people killed in two fatal 737 MAX crashes asked a U.S. judge on Wednesday to name an independent corporate monitor to oversee Boeing Co’s …

By Fergal Smith (Reuters) -Canada’s main stock index ended down on Wednesday as industrial shares fell, but the index closed well above its low for the day as the Bank …

(Reuters) – Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was …

WASHINGTON (Reuters) – As a battle between Republicans and Democrats over raising the federal debt ceiling unfolds, the U.S. Treasury has begun using extraordinary cash management measures to keep the …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. South Korea and the Philippines’ GDP data are on the Asian data docket …