Business News

COLOMBO (Reuters) – The World Bank has approved crisis-hit Sri Lanka’s request to access concessional financing from the International Development Association so as to help stabilise its economy, the lender …

MANILA (Reuters) – The Philippine economy is expected to lose momentum in 2023 with the pace of expansion set to slow to 5.7% as soaring inflation and higher interest rates …

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices, the statistics agency …

By Daniel Wiessner (Reuters) – Microsoft Corp will voluntarily recognize a union of about 300 videogame testers at subsidiary ZeniMax Studios if they vote to unionize, a first for the …

By Wayne Cole SYDNEY (Reuters) – Australia’s current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners …

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need to maintain ultra-low interest rates and brushed aside the chance of reviewing the bank’s …

By Kaori Kaneko and Kantaro Komiya TOKYO (Reuters) – Japanese household spending rose for a fifth straight month in October from a year earlier, data showed on Tuesday, as easing …

SYDNEY (Reuters) – Australian government spending dipped 0.6% in the September quarter due to a pullback in investment, an unexpected drag on economic growth in the quarter. Spending on operational …

By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United …

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said a new racial equity advisory committee, which has drawn the ire of Republican lawmakers, would play …

By David French (Reuters) – U.S. markets ended Monday lower, as investors spooked by better-than-expected data from the services sector re-evaluated whether the Federal Reserve could hike interest rates for …

ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti on Monday called for a common European Union approach to support competitiveness and protect strategic production, in response to the massive subsidies …

TOKYO (Reuters) – Japan’s real wage posted its biggest fall in more than seven years in October on relentless consumer inflation even though nominal pay grew for a tenth month, …

LONDON (Reuters) – British consumer spending ticked up last month at a rate that greatly lagged behind inflation, according to surveys on Tuesday that underscored the pressure on household budgets …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy as it braces …

By Ross Kerber (Reuters) – Investors have proposed shareholder resolutions at two U.S. railroads calling for paid sick leave for workers, an issue that nearly caused a national rail strike, …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Apartment Investment and Management Company investors elect one of investment firm Land & Buildings’ …

(This Dec. 3 story has been refiled to correct spelling error in first paragraph) By Rhea Binoy (Reuters) – Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said …

(Reuters) – TuSimple Holdings Inc and Navistar have ended a deal to co-develop self-driving trucks, the companies announced on Monday. In 2020, Illinois-based Navistar bought a minority stake in TuSimple …

By Julia Payne and Jonathan Saul LONDON (Reuters) – The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in …

WASHINGTON (Reuters) – A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for “possible misconduct.” The Federal Trade …

BERLIN (Reuters) -German sportscar maker Porsche AG will join the blue-chip index, just over two months after its market debut, exchange operator Deutsche Boerse said on Monday. Porsche AG will …

By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Centripetal Networks Inc to reinstate the largest award in the history of …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Wall Street slumped on Monday, battered by the old ‘good news is bad …

By Andrea Shalal and David Lawder COLLEGE PARK, Md. (Reuters) -The United States and the European Union on Monday cited progress addressing EU concerns about a U.S. climate law that …