Business News

By Hari Kishan BENGALURU (Reuters) – The global economy needs to find a more solid footing before most stock markets break out of their torpor, according to market strategists polled …

LONDON (Reuters) – HSBC will close 114 branches in Britain from April 2023, the British lender said on Wednesday, the latest in a string of such announcements by retail banks …

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve started 2022 expecting a surge in inflation to subside as the pandemic-scarred economy got back to normal, and divided over how …

By Chris Taylor NEW YORK (Reuters) – You might know P.J. Byrne from the movies, most likely as one of the fast-living brokers alongside Leonardo DiCaprio in “The Wolf of …

A look at the day ahead in U.S. and global markets from Mike Dolan. Even as disinflation takes hold and recession looms, Federal Reserve Chair Jerome Powell may have to …

LONDON (Reuters) -The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a slowdown …

(Reuters) – Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in …

LONDON (Reuters) – FTX’s venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could …

By Swati Bhat and Uditha Jayasinghe MUMBAI (Reuters) -Sri Lanka aims to restore growth to pre-crisis levels in 2026, a state finance minister said on Wednesday, with policymakers intent on …

By Dietrich Knauth (Reuters) -BlockFi, the first direct casualty of crypto exchange FTX’s collapse, told a U.S. bankruptcy judge on Tuesday that the U.S. cryptocurrency lender was “the antithesis of …

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it …

ZURICH (Reuters) -UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference on Wednesday. Credit Suisse has reported …

ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) rose a preliminary 0.6% month-on-month in November, with annual inflation slowing marginally to 12.5% from 12.6% in October but exceeding expectations, data …

By Jane Lanhee Lee (Reuters) – The United States has been a leader in microchip design with dominant companies like Nvidia, Intel and Qualcomm, but it risks a big drop …

(Reuters) – U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing with restructuring lawyers to …

LISBON (Reuters) – Portuguese consumer prices rose 9.9% year-on-year in November, slowing down slighly from the 10.1% reported in the previous month, flash data from the National Statistics Institute (INE) …

(Reuters) – Capital A Berhad, the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the …

By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth …

(Reuters) -Poland’s biggest e-commerce platform Allegro reported a rise in third-quarter core profit on Wednesday, driven by recovery in its home market and smaller losses at Mall, the Czech online …

WARSAW (Reuters) – Around 450,000 tonnes of Ukrainian grain are being transported via Poland monthly, over 50% more than in the middle of the year, Poland’s infrastructure minister said on …

SINGAPORE (Reuters) -The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund (ETF) listings to date, the regulator’s commissioner Mark Uyeda said at the sidelines …

PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter of 2022 while household spending fell more than expected in October and inflation remained at a high …

By Selena Li and Jason Xue HONG KONG (Reuters) – Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, …

TOKYO (Reuters) – Japan’s Nissan Motor Co has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the automaker said on Wednesday. The syndicated loan was …

TOKYO (Reuters) – Mazda Motor Corp does not expect to have problems maintaining production in Japan for the time being despite COVID lockdowns in China as the automaker has sufficient …