Business News

(Corrects part of Snyder’s quote to reference to arbitrage in story from Dec 1) By Chibuike Oguh and Herbert Lash NEW YORK (Reuters) – Blackstone Inc limited withdrawals from its …

(Reuters) – Florida lawmakers are mulling plans to reverse a move that would strip Walt Disney Co of its right to operate a private government around its famous theme-parks, the …

By Mike Dolan LONDON (Reuters) -Recession of some sort next year is fast becoming consensus – to such an extent that financial markets could find themselves whiplashed if it doesn’t …

By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according …

(Reuters) – Galaxy Digital Holdings Ltd will buy crypto lender Celsius Network LLC-owned digital asset custody platform GK8, the crypto financial services company said on Friday. The purchase followed a …

LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result …

By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak than envisioned in forecasts from September, Chicago Federal Reserve Bank …

By Howard Schneider WASHINGTON (Reuters) – New U.S. Federal Reserve projections, issued later this month alongside an expected half-point interest rate increase, could show the central bank’s target rate headed …

By Huw Jones LONDON (Reuters) -Britain’s financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking unspecified …

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 Hari Kishan BENGALURU (Reuters) – A retreat in U.S. house prices will extend into next year, although the expected 12% peak-to-trough drop predicted by analysts polled by Reuters would …

By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Canadian economy added a limited number of jobs in November and the unemployment rate came in lower than expected as …

By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year’s inflows, BofA Global Research said …

(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, …

When you get into a rideshare vehicle with a stranger in New Jersey, you have no idea what their criminal past or sexual misconduct history is. Under a bill being …

(This Dec. 1 story has been corrected to fix Nicole Argentieri’s title in paragraph 2) WASHINGTON (Reuters) – The U.S. Justice Department’s criminal division is weighing issuing additional guidance for …

(Reuters) -The Federal Reserve is seen driving its policy rate above 5% by May after a government report Friday showed little sign of a cooling job market, despite the central …

(Reuters) – The United States is likely in a sustained period in which there will remain a shortage of workers, complicating the Federal Reserve’s aim of getting labor demand back …

By Ahmad Ghaddar, Maha El Dahan and Alex Lawler LONDON/DUBAI (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ …

ROME (Reuters) -Italy is confident of achieving all the targets required of it this year to obtain financing from the European Union’s post-pandemic recovery fund, Economy Minister Giancarlo Giorgetti said …

MADRID (Reuters) – The European Central Bank needs to focus on bringing inflation down to its 2% mid-term goal and therefore keep raising interest rates despite a deceleration in the …

By Alexander Marrow MOSCOW (Reuters) – Russia’s economy is set to shrink by 2.5% next year, on top of a 3% contraction in 2022, a Reuters poll suggested on Friday, …

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a cycle-high of 13.75% next week, stressing heightened worries over new …

SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on Friday, returning to positive territory after two consecutive monthly declines …

(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese …