Business News

By Alexander Marrow MOSCOW (Reuters) -Alexei Kudrin, a longtime ally of Russian President Vladimir Putin, said on Monday he would join technology giant Yandex to advise on corporate development as …

LONDON (Reuters) – Britain’s services sector shrank slightly for a second month running in November, as cost-of-living pressures for households and businesses’ uncertainty about the economic outlook squeezed demand, a …

BERLIN (Reuters) – Investor morale in the euro zone rose this month to its highest level since June on hopes that mild winter weather and sufficient gas in storage may …

SHANGHAI (Reuters) – Tesla Inc delivered 100,291 China-made electric vehicles (EVs) in November, the highest monthly sales since its Shanghai factory opened in late 2020, a Xinhua report said on …

By Kanishka Singh WASHINGTON (Reuters) -Swiss engineering and technology group ABB Ltd agreed to pay more than $315 million to resolve an investigation into a bribery case at a South …

By Yimou Lee TAIPEI (Reuters) – Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on …

By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors piling into China’s tourism, catering and beverage stocks as Beijing eases strict COVID-19 curbs are also keeping an eye …

LONDON (Reuters) – Euro zone business activity declined for a fifth month in November, suggesting the economy was sliding into a mild recession as consumers cut spending amid surging inflation, …

PARIS (Reuters) -French Finance Minister Bruno Le Maire said on Monday he has started talks with his counterparts to see if EU-made “green products” sold in the United States would …

TOKYO (Reuters) – Komatsu Ltd, the world’s second-largest construction machinery maker after Caterpillar Inc, has no immediate plan to withdraw from its Russian operations, it said on Monday, but did …

BERLIN (Reuters) – Volkswagen Chief Executive Oliver Blume will present a long-delayed new software strategy for the carmaker at a supervisory board meeting on Dec. 15, Handelsblatt newspaper reported on …

(Reuters) – Swiss lender Credit Suisse faces a litmus test over its rights issue, just one several trials markets must work through between now and year-end even if some are …

BEIJING (Reuters) – China’s exports and imports likely contracted further in November due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls, a Reuters …

By David Milliken LONDON (Reuters) – Britain’s economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for …

NAIROBI (Reuters) – Kenya’s private sector activity rose in November after falling a month earlier, helped by improved output in the agriculture and construction sectors, a survey showed on Monday …

By Neil Jerome Morales and Karen Lema MANILA (Reuters) – The Philippines on Monday lowered its economic growth target for 2023, taking into account an anticipated weakening in global activity, …

MOSCOW (Reuters) – Conditions in Russia’s services industry declined for the second month running in November, a business survey published Monday showed, as companies continue to face pressure from Western …

By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around …

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate income trust …

A look at the day ahead in European and global markets from Tom Westbrook: The Fed is in blackout and the World Cup is starting to get serious. And this …

By Satoshi Sugiyama TOKYO (Reuters) – BYD Co’s Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year, as …

By Indradip Ghosh BENGALURU (Reuters) – India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years, …

CAIRO (Reuters) – Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency weighing on …

DUBAI (Reuters) – Saudi Arabia’s non-oil business activity expanded at the fastest rate in seven years in November, supported by a sharp rise in new orders and continued confidence in …

SHANGHAI (Reuters) – China’s yuan firmed past the closely watched 7-per-dollar level on Monday, hitting its strongest since mid-September, as Beijing eased some of its strict COVID-19 curbs, potentially attracting …