Business News

(Reuters) – China’s Li Auto Inc on Friday forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost …

MELBOURNE (Reuters) – Shareholders in Canada’s Turquoise Hill will on Friday vote on a Rio Tinto $3.3 billion takeover offer that aims to give the Anglo-Australian miner more control over …

NEW DELHI (Reuters) – India’s public sector capital expenditure will continue, but may not need to expand at the same pace as it has in recent years, the country’s chief …

(Reuters) -The world’s largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one of …

LONDON (Reuters) – Britain’s Office for National Statistics said on Friday that it was cancelling the release of producer price inflation (PPI) data due on Dec. 14, after the discovery …

MANILA (Reuters) – The Philippine central bank on Friday revised its current account projections for 2022 and 2023 to take into account the weaker global growth outlook, elevated inflation and …

(Reuters) – Tesla Chief Executive Elon Musk said it was “generally wise” to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a …

A look at the day ahead in European and global markets from Ankur Banerjee: Soft demand and weak economic activity remain a drag on China as the world’s second-biggest economy …

By Helen Reid and Nelson Banya JOHANNESBURG (Reuters) – Mining companies and governments in Africa are calling for stronger trade ties with the United States after a new climate law …

By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) -The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting …

By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers’ sentiment likely weakened in the last quarter of 2022 on sustained cost pressures and a bleaker global economic outlook, a Reuters poll …

BEIJING (Reuters) – China’s factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak activity and soft demand in an economy that …

(Reuters) – The Queensland government on Friday slapped penalties totalling A$100 million ($67.92 million) on Australia’ Star Entertainment Group and deferred suspension of its casino licences for a year to …

By Paresh Dave OAKLAND, Calif. (Reuters) – A Google service relied upon by many large websites to sell and display ads was down for about three hours Thursday, denying major …

BEIJING/SYDNEY (Reuters) – The world’s first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines in Shanghai on Friday and took off for a 15-minute flight …

(Reuters) -Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, …

By David Morgan (Reuters) -House Financial Services Committee Chairwoman Maxine Waters told Reuters on Thursday that she is prepared to subpoena FTX founder Sam Bankman-Fried if he does not agree …

By Jonathan Cable LONDON (Reuters) – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the euro zone economy almost …

By Anant Chandak and Milounee Purohit BENGALURU (Reuters) – India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food …

By Diane Bartz WASHINGTON (Reuters) -The Biden administration on Thursday moved to block Microsoft’s $69 billion bid to buy “Call of Duty” maker Activision Blizzard, throwing a stumbling block in …

By John Kemp LONDON (Reuters) -Global oil prices have tumbled more than 20% as the threat to production from the G7 Russia price cap has receded allowing traders to refocus …

(Reuters) -Apple supplier Foxconn’s founder Terry Gou had warned China that the government’s zero-COVID stance would threaten the position of the world’s second-largest economy in the global supply chain, the …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point has built a stake of just over 6% in Bath & Body Works and is pushing for new board members …

By David French (Reuters) – The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a …

By Jamie McGeever ORLANDO, Fla. (Reuters) -When Yogi Berra famously said it’s difficult to make forecasts, especially about the future, he probably didn’t have financial market analysts in mind. But …