Business News

By Uday Sampath Kumar (Reuters) – Kroger Co raised its annual same-store sales and profit forecasts on Thursday, boosted by steady demand for groceries and household essentials, and as it …

By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) …

By Huw Jones LONDON (Reuters) – European Union member states on Thursday reached a deal on rules that would force large companies to check whether their suppliers use slave or …

LONDON (Reuters) – Wizz Air “is not a good candidate” for mergers and acquisitions, but will focus on organic growth for the time being, its Chief Executive Jozsef Varadi said …

(Reuters) -Dollar General Corp cut its annual profit forecast on Thursday after it missed estimates for quarterly earnings, signaling rampant cost pressures were weighing on the discount store chain’s margins, …

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla is set to unveil on Thursday its long-delayed Semi, a 18-wheeler heavy duty vehicle that has faced skepticism from industry experts who …

BERLIN (Reuters) – Germany’s Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union’s free trade agreement with Canada, five years …

By Mayela Armas CARACAS (Reuters) – After years of struggle, veteran bakeries in Venezuela’s capital Caracas are cooking up a variety of delectables, in the latest sign that the country’s …

By Shivangi Acharya NEW DELHI (Reuters) – The Indian economy is likely to grow 6.5% to 7% next fiscal year if the global environment does not worsen, a member of …

(Reuters) -Canada’s TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting …

MILAN (Reuters) – Italy should focus on meeting all deadlines for the EU’s post-pandemic recovery fund, the bloc’s Economy Commissioner Paolo Gentiloni warned on Thursday. Gentiloni was speaking in Rome, …

By Marco Aquino and Marcelo Rochabrun TAPAIRIHUA, Peru (Reuters) – In the hills of Tapairihua in Peru’s Andes, Samuel Retamozo and other artisanal miners have found a rich seam of …

By Nick Carey HALEWOOD, England (Reuters) -Ford Motor Co will invest an extra 149 million pounds ($180 million) to boost output of electric vehicle (EV) power units by 70% at …

By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico’s energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by …

BERLIN (Reuters) – Volkswagen and its battery subsidiary PowerCo SE have begun searching for a site for the carmaker’s first battery cell factory in North America, a company source told …

BERLIN (Reuters) – German retail sales fell more-than-expected in October, data showed on Thursday, as inflation had consumers holding back on non-essential purchases at the start of the fourth quarter. …

(Reuters) -Netflix Inc is planning to let tens of thousands of users around the world to preview content from early next year, expanding beyond its current previewer base of 2,000-plus …

(Reuters) – Canada’s Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased provisions for credit losses to …

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s annual consumer price inflation slowed to 23.8% in November from 26.6% a month earlier, the statistics bureau said on Thursday, days after the central …

LONDON (Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. Intended or not, investors clearly read Wednesday’s keynote speech by the Federal Reserve …

(Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest …

By Davide Barbuscia, Samuel Shen and Xie Yu NEW YORK/SHANGHAI/HONG KONG (Reuters) – Some offshore bondholders are scouting for bargains in China’s cash-squeezed property sector after a slew of funding …

By David Milliken LONDON (Reuters) -British businesses reported cooling price pressures but warned of lower employment and investment ahead, in a Bank of England survey on Thursday that should reassure …

MILAN (Reuters) – Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 billion) rights issue the loss-making …

(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power, margin compression, and limited buy-backs. JPM strategists now estimate S&P …