Business News

By Alexander Marrow MOSCOW (Reuters) – Russia’s stock market will claw back some of the heavy losses sustained this year in 2023, according to a Reuters poll of 12 market …

By Soyoung Kim SEOUL (Reuters) -South Korea’s government and the central bank should pay greater attention to addressing any financial instability, President Yoon Suk-yeol told Reuters, as the money market …

(This Nov. 28 story has been corrected to say employees will work from office 80% of the time, not that 80% of employees will return to office, in headline and …

TAIPEI (Reuters) – Taiwan’s central bank’s “flexible” monetary policy structure during a period of high uncertainty can help maintain price and financial stability as well as economic growth, its governor …

By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan’s next policy move will unwind, rather than strengthen, its massive monetary easing, according to more than 90% of economists polled …

FRANKFURT (Reuters) -Euro zone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a …

(Reuters) – Thousands of employees at Foxconn’s flagship iPhone plant in China have quit since last week, as the major Apple supplier battles the latest bout of labour unrest that …

By Danilo Masoni MILAN (Reuters) – Tightening financial conditions and the prospect of an economic recession are going to be a toxic brew for European shares going into 2023 with …

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday said Devin Nunes, the former California congressman and an ally of former U.S. President Donald Trump, can sue …

By Mike Scarcella (Reuters) – A U.S. judge in California on Monday allowed litigation against Alphabet Inc’s Google to proceed as a consumer class action of 21 million individuals who …

By Karen Brettell NEW YORK (Reuters) – The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while …

By Ankika Biswas and Noel Randewich (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, …

By Dawn Chmielewski (Reuters) -Walt Disney Co Chief Executive Bob Iger said on Monday one of his top priorities is to make the company’s streaming business profitable. Iger is responsible …

By Kantaro Komiya TOKYO (Reuters) -Japanese retail sales marked an eighth successive month of annual growth in October, data showed on Tuesday, after full reopening of borders added to the …

(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation. “I’m …

By Byron Kaye and Sonali Paul SYDNEY/MELBOURNE (Reuters) – After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and …

(Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended trading. Chen, who …

By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion according to one preliminary estimate, as …

By Elena Fabrichnaya and Samuel Shen MOSCOW/SHANGHAI (Reuters) – Chinese entrepreneur Wang Min is delighted about Russia’s embrace of the yuan. His LED lights company can price contracts to Russian …

By Karin Strohecker and Dhara Ranasinghe LONDON (Reuters) -Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty but could also hasten …

By David Shepardson (Reuters) -Ford Motor Co is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from possible cracked fuel injectors and will urge owners to have their …

BEIJING (Reuters) -Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese …

By Padraic Halpin DUBLIN (Reuters) -Ireland’s data privacy regulator imposed a 265 million euro ($277 million) fine on social media giant Facebook on Monday, bringing the total it has fined …

(Reuters) -Credit Suisse bonds fell and the cost of insuring its debt against default rose on Monday as the Swiss bank struggled to win over rattled investors following an exodus …

(Reuters) – The Federal Reserve needs to raise interest rates quite a bit further and then hold them there throughout next year and into 2024 to gain control of inflation …