Business News

By Lewis Jackson SYDNEY (Reuters) – Holdings of Australia’s big banks by domestic fund managers are hovering near record lows on expectations that a combination of high consumer spending and …

By Alexandra Alper WASHINGTON (Reuters) -U.S. senators scaled back a proposal that placed new curbs on the use of Chinese-made chips by the U.S. government and its contractors, according to …

By David Lawder and Timothy Gardner WASHINGTON (Reuters) – When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in …

By Scott Murdoch and Sonali Paul SYDNEY/MELBOURNE (Reuters) – Australian mining billionaire Andrew Forrest’s private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three …

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s foreign reserves rose in November to their highest in six years, the Ministry of Finance said on Wednesday, as the dollar’s retreat boosted the …

By Valentine Hilaire and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s cycle of interest rate hikes is not yet over, though it could start to slow following four …

By Indradip Ghosh BENGALURU (Reuters) – The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere keeping it …

By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) -Tiny activist investor Bluebell Capital Partners is taking aim at BlackRock and wants to replace longtime CEO Larry Fink, criticizing the world’s largest …

(This Dec. 5 story has been refiled to clarify the description of the academic in paragraph 1) By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan …

By Wayne Cole SYDNEY (Reuters) – Australia’s economy slowed a little in the September quarter as sky-high prices and rising interest rates sapped consumer spending power, a sign aggressive policy …

(Reuters) -CMA CGM, one of the world’s largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and …

By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to …

NEW YORK (Reuters) – Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to …

By Chris Prentice (Reuters) -A U.S. agency tasked with overseeing the audits of public companies on Tuesday said it imposed $7.7 million in fines and sanctioned three firms across KPMG’s …

By David French (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as skittish investors fretted over Federal Reserve rate …

By Foo Yun Chee and Chavi Mehta BRUSSELS/BANGALORE (Reuters) -Meta will only be able to run advertising based on personal data with users’ consent, according to a confidential EU privacy …

By Diane Bartz WASHINGTON (Reuters) – The chair of the Federal Trade Commission, Lina Khan, on Tuesday said giant companies like Ticketmaster, which faces a tsunami of criticism for problems …

By Pablo Mayo Cerqueiro and Oliver Hirt (Reuters) – Investors in European companies are being asked to plough money into a series of capital hikes as cash-hungry companies, including Swiss …

By Brendan Pierson (Reuters) – Drugmakers GSK Plc, Pfizer Inc, Sanofi SA and Boehringer Ingelheim on Tuesday were spared thousands of U.S. lawsuits claiming that the heartburn drug Zantac caused …

By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc is close to getting back about $500 million it accidentally paid to 10 Revlon Inc lenders, with three on the verge …

By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment of big Japanese manufacturers rose for the first time in four months in December, and the service-sector mood hit a three-year high, a …

NEW YORK (Reuters) – Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at …

By Jane Lanhee Lee and David Shepardson PHOENIX/WASHINGTON (Reuters) -Taiwan chipmaker TSMC plans to build a second chip plant in Arizona and more than triple its initial investment to $40 …