Business News

KUWAIT (Reuters) – Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on Monday. “We …

By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard …

By Yoruk Bahceli (Reuters) – Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving investors alert to risks that prolonged …

By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster …

By Huw Jones (Reuters) – Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s …

By Howard Schneider WASHINGTON (Reuters) – After playing catch-up with inflation through the past year in a policy shift made urgent by relentlessly rising prices, the U.S. Federal Reserve now …

By Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hike its policy rate by a smaller 50 basis points on Thursday, as is also expected by the European …

A look at the day ahead in U.S. and global markets from Mike Dolan. A barrage of major central bank decisions and a critical U.S. consumer price inflation reading this …

BERLIN (Reuters) – TUI, the world’s largest holiday company, is seeing growing demand for travel despite the energy crisis and double-digit inflation, the company said on Monday, as it sets …

LONDON (Reuters) – London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion, it said on …

By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) – Turkey’s unemployment rate edged up to 10.2% in October, data showed on Monday, posing a potential challenge to President Tayyip Erdogan’s …

By Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo …

By Steven Scheer JERUSALEM (Reuters) – Israel’s economic growth is set to slow sharply to 3% in 2023 after rapid expansion in the prior two years, the Finance Ministry said …

PARIS (Reuters) – France on Monday avoided a strain on its power grids in the face of rising demand as Paris recorded sub-zero temperature, thanks to a ramp-up in supply …

By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and …

FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the …

(Reuters) – Russia could provide up to 225 billion roubles ($3.6 billion) in state funds to power company Rosseti to cover a deficit in the firm’s investment programme, Russia’s deputy …

(Reuters) -Mercedes-Benz Vans will invest more than 1 billion euros ($1.05 billion) to build its first electric-only vans plant in Jawor, Poland, pending approval of conditions such as the sign-off …

LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets better” after figures on Monday showed a bounce-back in growth …

(Reuters) – Rivian Automotive Inc said on Monday it is pausing its joint venture with Mercedes-Benz Vans, just three months after the companies entered a partnership to make electric vans …

By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with …

TAIPEI (Reuters) – Taiwan’s central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but …

By Dhara Ranasinghe, Naomi Rovnick and Stefano Rebaudo LONDON (Reuters) -The European Central Bank meets this Thursday and looks set to slow the pace of aggressive interest rate hikes as …

By Martin Quin Pollard WUHAN, China (Reuters) – Infections are delivering a fresh kick in the teeth for many small businesses in China’s central city of Wuhan, despite the easing …

By Pratima Desai LONDON (Reuters) -With memories still fresh of the nickel market meltdown in March, the industry didn’t need a reminder about just how dysfunctional the London Metal Exchange’s …