Business News

NEW YORK (Reuters) – The European Union’s agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while “institutionalizing” discounts created by the threat …

By Sinéad Carew NEW YORK (Reuters) – U.S. Treasury yields were lower and Wall Street’s benchmark S&P 500 ended down but well above the day’s lows on Friday as investors …

By Chris Prentice WASHINGTON (Reuters) -The U.S. Federal Reserve Board on Friday joined other key banking regulators in proposing a plan for how large banks should manage climate-related financial risks, …

By David Shepardson WASHINGTON (Reuters) -General Motors Co and LG Energy Solution Ltd said Friday they are investing another $275 million in their Tennessee joint venture battery cell plant to …

By Arathy Somasekhar HOUSTON (Reuters) -Oil futures slipped 1.5% in choppy trading on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) …

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Friday, including declines for financials and technology, as investors weighed U.S. and Canadian jobs data that could help …

By Nichola Groom (Reuters) -The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge …

(Reuters) -Ratings agency S&P Global cut France’s outlook to “negative” from “stable” on Friday, reflecting its view of rising risks to the country’s public finances and the resulting fiscal space …

(Reuters) -Wall Street banks are weighing plans to slash bonuses this year, Bloomberg Law reported on Friday, as investment banking comes under pressure from choppy markets and a high interest-rate …

By Daniel Wiessner (Reuters) -Workers who test games at Activision Blizzard Inc.’s unit Blizzard Albany have voted to form a union months after the games developer began negotiating with employees …

By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co, formally …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not …

(Reuters) – Assa Abloy AB said on Friday it will sell its Yale and Emtek lock brands, and U.S. and Canada residential businesses to Fortune Brands Home & Security in …

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on Friday as the South …

By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as investors took profits from …

By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Friday as domestic jobs data caused few surprises, while a stronger-than-expected U.S. jobs gain ran …

WASHINGTON (Reuters) – There are no plans to go back to Congress to push for changes to the Inflation Reduction Act, the White House said Friday, a day after President …

(Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court’s ruling in a lawsuit brought against the bank by an entity of …

(Reuters) – Uber Technologies Inc and self-driving technology company Aurora Innovation Inc will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays. The program …

By Foo Yun Chee BRUSSELS (Reuters) -The United States and the European Union will seek to tackle EU concerns about a new U.S. green energy subsidy package in a constructive …

By Michel Rose WASHINGTON (Reuters) – French President Emmanuel Macron’s discussions with U.S. President Joe Biden have resulted in a “major breakthrough” to avert a “subsidies race” between the two …

By David Shepardson and Tim Hepher WASHINGTON/PARIS (Reuters) -United Airlines Inc is close to reaching a deal with Boeing Co for a major 787 Dreamliner order, two sources briefed on …

(Reuters) -Amazon.com Inc’s top media executive Jeff Blackburn plans to retire at the start of 2023, the e-commerce giant said on Friday. The company said that the media and entertainment …

WASHINGTON (Reuters) -The White House on Friday welcomed news that the European Union was “coming together” on a $60 per barrel price cap on Russian seaborne oil, and said it …