Financial News

(This Sept. 13 story refiles to clarify description of efficiency ratio in second paragraph) By Mehnaz Yasmin (Reuters) – Wall Street banks look set to report better efficiency ratios in …

MILAN (Reuters) – Eyewear maker EssilorLuxottica extended its partnership with Armani in a sign of continuity on Wednesday as it held its first capital markets day since the death of …

By Anirban Sen and Sam Nussey TOKYO (Reuters) -Japan’s SoftBank Group Corp is considering launching a third Vision Fund, likely using its own capital, a source familiar with the matter …

By Jonathan Landay WASHINGTON (Reuters) -The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will …

By Ankika Biswas and Devik Jain (Reuters) – U.S. stock indexes edged higher on Wednesday following a sharp selloff in the previous session after red-hot inflation data fanned worries about …

By Foo Yun Chee LUXEMBOURG (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it broke competition rules and …

By Fergal Smith TORONTO (Reuters) – As investors weigh how much further the Bank of Canada will tighten, the level of underlying inflation is likely to be a better signpost …

SAO PAULO (Reuters) -Brazil’s retail sales fell in July from June, government statistics agency IBGE said on Wednesday, marking the third consecutive monthly slump. Retail sales volume fell 0.8% from …

(Reuters) -Comcast Corp and Johnson & Johnson on Wednesday unveiled buybacks worth billions of dollars as they joined a rush of U.S. companies seeking to avoid a new tax on …

By Kate Abnett and Tom Käckenhoff BRUSSELS/DUESSELDORF (Reuters) -The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and …

By Foo Yun Chee LUXEMBOURG (Reuters) – Google’s court defeat on Wednesday is set to strengthen EU antitrust regulators’ hand against Big Tech as they roll out landmark rules next …

(Reuters) -Walmart Inc’s fintech startup will start offering digital bank accounts to thousands of workers and a small percentage of its online customers in the coming weeks as part of …

By Tom Käckenhoff and Emma-Victoria Farr DUESSELDORF/FRANKFURT (Reuters) -Germany’s Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell for second straight month in August as the cost of gasoline declined further, resulting in the smallest annual increase in …

BRUSSELS (Reuters) – The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy …

By Giulio Piovaccari MILAN (Reuters) – Ferrari unveiled on Tuesday its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric. While …

(Reuters) – Canadian factory sales fell 0.9% in July from June, mainly due to decreases in primary metal industries and petroleum and coal products, Statistics Canada said on Wednesday. It …

By Noah Browning LONDON (Reuters) – Global oil demand growth will rebound strongly next year as China eases COVID lockdowns, the International Energy Agency (IEA) said on Wednesday, adding that …

By Kate Abnett BRUSSELS (Reuters) -The European Union’s executive plans to raise more than 140 billion euros ($140 billion) to soften the blow to consumers from soaring energy prices by …

By Rowena Edwards LONDON (Reuters) -Oil prices edged lower on Wednesday on demand concerns raised by the prospect of further increases to interest rates in an effort to tackle rising …

MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel said focusing on capital generation was the right strategy for the Italian bank as its shareholders on Wednesday approved a 1 billion euro …

BEIRUT (Reuters) – Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens …

PARIS (Reuters) -Air France on Wednesday announced it would raise salaries for all staff categories by a total of 5% in anticipation of wage talks due next year, and make …

By Andy Bruce LONDON (Reuters) – There is trouble ahead for Britain’s new finance minister Kwasi Kwarteng: a marked shift in how British assets are behaving in markets points to …