Financial News

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 …

(In paragraph 12, corrects that Lopez Obrador took office in 2018, not 2019) By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s oil regulator and …

By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association …

WASHINGTON (Reuters) – China and other big creditors have a responsibility to prevent the debt problems facing emerging market and low-income countries from exploding, International Monetary Fund Managing Director Kristalina …

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ended nearly 1% lower on Tuesday, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal …

BERLIN (Reuters) -The German government has sold off its 20% stake in Lufthansa acquired during the coronavirus pandemic, it said on Tuesday. The state’s economic stabilisation fund (WSF), which saved …

(Updates after U.S. close, adds commentary) By Sinéad Carew NEW YORK (Reuters) – The dollar index rallied on Tuesday and the S&P 500 tumbled 4% while Treasury yields surged after …

By Caroline Valetkevitch NEW YORK (Reuters) – The dollar rallied against the yen, euro and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted investor bets that the Federal …

By Medha Singh and Lisa Pauline Mattackal (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to …

(Reuters) -The Federal Open Market Committee, the Federal Reserve’s policy-setting committee, is likely to raise its short-term interest rate target by a full percentage point at its policy meeting next …

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The U.S. inflation report for August has landed, and the previously unthinkable is now a possibility: …

By Herbert Lash NEW YORK (Reuters) -U.S. Treasury yields surged and a recession warning – the yield curve inversion – widened on Tuesday after monthly U.S consumer prices unexpectedly rose …

BOGOTA (Reuters) – Colombia’s congress on Tuesday approved a record budget of 405.6 trillion pesos ($93.3 billion) for next year, including a spending increase meant to fund social programs promised …

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Tuesday hailed U.S. Commerce Secretary Gina Raimondo for her attitude in talks this week, saying she gave no indication …

SYDNEY (Reuters) -Japan Airlines Co Ltd (JAL) is operating at 65% of its pre-pandemic international capacity, although COVID-19 curbs are limiting demand to just about 40% of pre-pandemic levels, an …

By Ruhi Soni and Ankit Kumar (Reuters) – Seeds and pesticides company Corteva Inc on Tuesday announced plans to exit about 35 countries and lay off roughly 5% of its …

By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest cautioned that the Federal Reserve is making a mistake with its widely-expected interest rate hikes …

(Reuters) – The U.S. government posted a $220 billion budget deficit for August, up 29% from the $171 billion gap reported in the same month last year, as spending on …

By Ann Saphir (Reuters) -The Federal Reserve is likely to raise U.S. borrowing costs faster and further than previously expected after data on Tuesday showed underlying inflation broadening out rather …

(Reuters) – Wells Fargo & Co said on Tuesday it would commission a third-party racial equity audit that will include inputs from both internal and external stakeholders, as the bank …

PARIS (Reuters) – The French government is lowering the country’s 2023 economic growth outlook, but sees no need to revise its budget deficit target as a result, Finance Minister Bruno …

(Reuters) – Starbucks Corp said on Tuesday it plans to have about 9,000 stores in China by 2025, a 56% increase from its current count. That increase equates to one …

(Reuters) -Twitter Inc’s shareholders approved a $44 billion buyout by Elon Musk on Tuesday, handing over the deal’s outcome to a court battle in which the billionaire is trying to …

(Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it had charged Oppenheimer & Co, BNY Mellon, TD Securities and Jefferies, with failing to comply with municipal …