Business News

By David Shepardson (Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing concerns about its ability to competitively …

By Davide Barbuscia NEW YORK (Reuters) -A U.S. government shutdown would harm the country’s credit, rating agency Moody’s said on Monday, a stern warning coming one month after Fitch downgraded …

By David Lawder WASHINGTON (Reuters) – The Institute of International Finance said on Monday it would still hold its annual membership meeting in Marrakech on Oct. 12-14, following the World …

(Reuters) – KKR & Co on Monday added former finance chief of office-sharing startup WeWork, Kimberly Ross, to the company’s board. The private equity firm said Ross’s appointment as the …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday might take heart from Wall Street’s …

By Tim Hepher PARIS (Reuters) -Air France-KLM said on Monday it plans to order 50 Airbus A350 long-haul jets, together with purchase rights for an additional 40, in its largest-ever …

By Suzanne McGee (Reuters) – Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF, which offers exposure …

(Reuters) -Coty on Monday launched a global offering of 33 million shares and said it had submitted an application for dual listing of its shares on the Paris Stock Exchange. …

By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board said it has opened an investigation into a JetBlue flight that experienced sudden severe turbulence and led to eight …

By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs showed in a …

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – A global index of stocks fell slightly while Wall Street eked out a gain in Monday’s choppy market as bond …

TAIPEI (Reuters) – The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid …

By Jonathan Stempel NEW YORK (Reuters) – A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed …

By Chris Prentice NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures …

(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks …

By Giuseppe Fonte ROME (Reuters) – Italy’s government plans to raise its 2024 budget deficit target to between 4.1% and 4.3% of gross domestic product (GDP), up from the 3.7% …

By Chris Prentice and Carolina Mandl NEW YORK (Reuters) – The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its …

By Mike Scarcella (Reuters) -Yelp and a coalition of news organizations have asked a U.S. judge to disqualify a prominent U.S. law firm from defending Google in the Justice Department’s …

By Karen Brettell NEW YORK (Reuters) – The dollar hit an 11-month high against the Japanese yen on Monday and an almost 10-month high against a basket of currencies after …

BRASILIA (Reuters) – Brazil’s central bank employees said on Monday they would intensify work stoppages in protest of the government’s alleged failure to address career improvement demands, a move that …

By Stephanie Kelly and Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly flat in choppy trade on Monday as Russia relaxed its fuel ban and investors eyed elevated interest …

By Nick Carey LONDON (Reuters) -Nissan Motor Co said on Monday all its new European models will be fully electric and it plans to sell only electric vehicles (EVs) on …

(Reuters) – 3M said on Monday it was looking at options to further accelerate the stoppage of manufacturing of PFAS chemicals at its Zwijndrecht facility in Belgium and warned of …

By Lucia Mutikani WASHINGTON (Reuters) – The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should …

(Reuters) – Pfizer said on Monday it has restarted majority of the production lines at its tornado-hit North Carolina plant, but warned that supply of some drugs from the facility …