Financial News

(Corrects spelling to Ashish Agrawal from Ashish Agarwal in paragraphs 3, 4 and 14) By Dharamraj Lalit Dhutia MUMBAI (Reuters) -Foreign investors have stepped up purchases in a clutch of …

By Sarah Wu TAIPEI (Reuters) – The United States will hold talks with Taiwan next month to discuss new U.S. legislation designed to boost the American semiconductor industry, the top …

SHANGHAI (Reuters) -Fosun International said on Wednesday that media reports saying Chinese regulators have told the country’s biggest banks to start a round of checks on their financial exposure to …

By Muyu Xu and Emily Chow SINGAPORE (Reuters) – China is buying more and less expensive energy supplies from Russia this year, reaping the benefits of a plunge in European …

By Jane Lanhee Lee and Hyunjoo Jin SAN FRANCISCO (Reuters) – General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, …

TOKYO (Reuters) – Japan’s Honda Motor Co Ltd has no plan to hive off its electric motorcycle business and list it on a stock exchange, the Japanese automaker said on …

By Jamie Freed SYDNEY (Reuters) – Virgin Australia has been unable to provide enough domestic capacity to meet demand, which is tracking above 2019 levels because of high illness rates …

By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) – Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling retailer for at least 12 …

By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Japan’s core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds from a global economic slowdown …

NEW YORK (Reuters) – Citigroup Inc expects to divest its Mexican consumer business via a sale or initial public offering that could happen next year, its chief financial officer said …

CARACAS (Reuters) – Venezuela’s monthly inflation rate increased to 8.2% in August from 7.5% in July, according to data released on Tuesday by the country’s central bank. According to Reuters …

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc’s Google to produce chips that researchers can use to …

By Sheila Dang and David Shepardson (Reuters) -The FBI informed Twitter Inc of at least one Chinese agent working at the company, U.S. Senator Chuck Grassley said during a Senate …

By Hilary Russ SEATTLE (Reuters) -Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on …

(Reuters) – American-Italian-French automaker Stellantis NV said on Tuesday it will buy back shares worth about 923 million euros ($919.31 million) from General Motors Co. Stellantis said it would buy …

By Kantaro Komiya TOKYO (Reuters) – Business confidence of Japanese manufacturers retreated in September from a seven-month high, while service firms’ sentiment fell to a five-month low, as unyielding cost …

By Stephen Culp NEW YORK (Reuters) – A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and …

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund (IMF) on Tuesday confirmed that it is moving toward expanding emergency financing for countries hit by surging food prices and shortages …

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with …

LONDON (Reuters) – Fund managers are “super bearish” with average allocations to cash at the highest since 2001 and allocation to global stocks at an all-time low, according to Bank …

By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said she and Ukraine’s President Volodymyr Zelenskiy on Tuesday agreed to explore ways to expand the IMF’s support for …

(Reuters) – Defense contractor Raytheon Technologies Corp on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags. The Arlington, Virginia-based company said …

By Lewis Krauskopf and David Randall NEW YORK (Reuters) -An already-murky outlook for U.S. stocks and bonds is growing darker, as sizzling inflation ratchets up expectations for how aggressively the …

WASHINGTON (Reuters) – A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies like Alphabet’s Google and Meta’s …

By Victoria Waldersee BERLIN (Reuters) -A lawsuit accusing Mercedes-Benz of infringing on people’s freedoms by exacerbating climate change was dropped by the Stuttgart district court on Tuesday but the German …