Financial News

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 …

By Jarrett Renshaw (Reuters) – The White House released new details on Wednesday on how it plans to invest more than $2 billion in the U.S. biotechnology sector as it …

(Reuters) – Philip Morris International Inc said on Wednesday it had appointed two former U.S. Food and Drug Administration (FDA) officials to key positions at a time when tobacco companies …

LONDON (Reuters) – British house prices leapt in July by 15.5% in annual terms, the biggest increase since May 2003, reflecting how prices in the same month last year were …

HONG KONG (Reuters) -Seven companies have bid for new casino licenses in the world’s biggest gaming hub, with new contracts set to start at the beginning of 2023, Macau’s government …

By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) – The yen jumped over 1% on Wednesday after media reports the Bank of Japan conducted a rate check in apparent preparation …

By Dhara Ranasinghe LONDON (Reuters) -World stocks were stuck in a sea of red on Wednesday as markets braced for an even more aggressive U.S. Federal Reserve to tame inflation, …

PARIS (Reuters) – French carmaker Renault will start negotiations with unions on Sept. 22 to discuss emergency measures aimed at improving the purchasing power of its workers, according to labour …

By David Shepardson DETROIT (Reuters) -President Joe Biden on Wednesday will announce the approval of the first $900 million in U.S. funding to build EV charging stations in 35 states …

(Reuters) – The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level …

(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below …

By Kevin Yao BEIJING (Reuters) -China’s ruling Communist Party sets the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded …

BERLIN/ZURICH (Reuters) -Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the …

By Kantaro Komiya, Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan conducted a rate check with banks on Wednesday in apparent preparation to step in to tame …

FRANKFURT (Reuters) – The German government could end up taking a majority in ailing gas importer Uniper, the company said on Wednesday, pointing to losses that have grown since an …

MADRID (Reuters) – Fashion brand Zara’s owner Inditex said on Wednesday it plans to hike prices again this autumn, as one of the world’s top clothes retailers tries to offset …

By David Milliken and Andy Bruce LONDON (Reuters) – British consumer price inflation fell for the first time in almost a year in August as a drop in fuel prices …

NICOSIA (Reuters) – The European Central Bank has expedited its exit from ultra easy monetary policy to bring inflation back to target but it remains open how high interest rates …

By Michelle Price and Pete Schroeder WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is scheduled on Wednesday to propose draft rules to boost the resilience of the …

A look at the day ahead in U.S. and global markets from Mike Dolan. Markets are realizing this inflation fight could be a longer, harder slog than many had hoped. …

JAKARTA (Reuters) – Indonesia’s parliamentary budget committee and the government on Wednesday agreed to set a 2023 economic growth target of 5.3%, the committee’s chair said, similar with President Joko …

TOKYO (Reuters) – Japanese authorities will act “swiftly without any interruption” if they decide to intervene in the currency market to stem sharp yen falls, Finance Minister Shunichi Suzuki said …

BRUSSELS (Reuters) – Google on Wednesday voiced disappointment with an EU court judgment backing an EU antitrust decision against the company. “We are disappointed that the Court did not annul …

By Foo Yun Chee LUXEMBOURG (Reuters) – Google suffered one of its biggest setbacks on Wednesday after Europe’s second-top court upheld an EU antitrust decision against the Alphabet company for …

By Mei Mei Chu and A. Ananthalakshmi KUALA LUMPUR (Reuters) -Goodyear Tire & Rubber Co has reached an agreement to settle a labour dispute at its Malaysian factory with migrant …