Business News

By Carolina Mandl NEW YORK (Reuters) -BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses. “We’re trying to be a …

By Timothy Gardner and David Lawder WASHINGTON (Reuters) – Western powers’ leverage over Russia has increased with their $60-a-barrel price cap on Russian crude oil, and any adjustments to the …

By Can Sezer and Jonathan Saul ISTANBUL (Reuters) -At least 20 oil tankers queuing off Turkey face more delays to cross from Russia’s Black Sea ports to the Mediterranean as …

By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels this year, with Brent finishing below $80 per barrel for …

By Iain Withers and Lawrence White LONDON (Reuters) – Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of …

STOCKHOLM (Reuters) – Swedbank said on Tuesday it would grow average annual income by 3 percentage points more than costs as it looked to boost returns on equity by 2025, …

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global stocks posted a third straight day of losses and the dollar rose on Tuesday as the market weighed how long …

By Medha Singh and Lisa Pauline Mattackal (Reuters) – “I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more …

By Fabian Werner MONTEVIDEO (Reuters) – South America’s major Mercosur trade bloc, which includes regional powerhouses Brazil and Argentina, has been rattled by one of its smaller members, Uruguay, seeking …

SANTIAGO (Reuters) – Chile’s central bank maintained its benchmark interest rate at 11.25% on Tuesday, as the bank said the country had reached its peak in the current hiking cycle, …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Two steps forward, one step back. What Asian markets have gained recently on …

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Tuesday to a two-week low as lower oil prices weighed on resource shares and investors braced for another …

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to …

MEXICO CITY (Reuters) -Mexico’s auto parts production will likely hit a record of nearly $107 billion this year, up almost 13% from last year, the director of the national auto …

(Reuters) -Netflix Inc co-Chief Executive Ted Sarandos on Tuesday said he has yet to see a path to profitability in live sports on the streaming service. Sarandos said the economics …

By John McCrank NEW YORK (Reuters) -Most cryptocurrencies will likely be regulated under existing securities laws following crypto exchange FTX’s collapse, and traditional players like the New York Stock Exchange …

(Reuters) -Tens of thousands of households and businesses in North Carolina remained without power for a third day on Tuesday as authorities investigate what they describe as an orchestrated gunfire …

By David Shepardson WASHINGTON (Reuters) – The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China’s Xinjiang region after a new report …

By Liz Hampton (Reuters) -U.S. shale producer Continental Resources will name operating chief Doug Lawler as its new chief executive officer, according to a person familiar with the matter on …

(Reuters) -Apple Inc has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date to 2026, Bloomberg News reported on Tuesday, citing people …

By Maiya Keidan TORONTO (Reuters) – When HSBC plc struck a deal last week to sell its Canadian unit to Royal Bank of Canada for C$13.5 billion, the winning bid …

LONDON (Reuters) – Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia …

(Reuters) -Morgan Stanley has cut about 2% of its workforce, a source familiar with the company’s plans said on Tuesday. The job cuts, first reported by CNBC, affect about 1,600 …

(Reuters) – Contract drugmaker Emergent Biosolutions said on Tuesday its over-the-counter nasal spray as a treatment for suspected opioid overdose would be reviewed on a priority basis by the U.S. …

By Ismail Shakil OTTAWA (Reuters) – Canada’s exports rose in October, largely driven by pharmaceutical products, while imports were also up, largely as a result of a depreciation of the …