Business News

By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -Japan’s core inflation was steady in August and stayed above the central bank’s 2% target for a 17th straight month, data showed …

SEOUL (Reuters) – South Korea on Friday said it has asked the United States to resolve uncertainties regarding U.S. export controls in the chip sector and subsidies for chip investment. …

TOKYO (Reuters) – Japan’s factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges …

NEW YORK (Reuters) – Euro zone companies are finally absorbing wage pressures and the labour market has started to soften, European Central Bank chief economist Philip Lane said on Thursday, …

By Hyunjoo Jin and Bianca Flowers CHICAGO (Reuters) -United Auto Workers (UAW) members rallied against the Detroit Three automakers in multiple U.S. states on Thursday afternoon as Friday’s deadline loomed …

By Daniel Wiessner and Dan Whitcomb (Reuters) -A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans …

By Stephen Culp NEW YORK (Reuters) – Wall Street tanked in a broad sell-off on Thursday, as investor risk appetite was dashed by worries that the Federal Reserve’s restrictive monetary …

LONDON (Reuters) – British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, …

By Josh Ye HONG KONG (Reuters) – China’s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, …

By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Hedge funds will likely become increasingly important buyers of U.S. Treasuries, providing liquidity in the world’s biggest bond market at …

By Mike Scarcella (Reuters) – The Federal Trade Commission on Thursday sued U.S. Anesthesia Partners and a private equity firm in Texas federal court, accusing them in a novel legal …

(Reuters) – Hilton Worldwide Holdings said on Thursday that it was working to ensure mandatory fees are displayed upfront on all its websites and apps. Hotel operators have received criticism …

By Matt Tracy (Reuters) – U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with …

(Reuters) – Canada’s biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Bank of Japan on Friday rounds off one of …

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, pointing to persistent labor market tightness even …

(Reuters) -Faraday Future Intelligent Electric on Thursday named company insider Matthias Aydt its new global CEO, effective Sept. 29, as the troubled EV maker focuses on boosting production and generating …

By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday restricted Sam Bankman-Fried’s ability to call expert witnesses to testify at his criminal fraud trial, in a blow …

By Luc Cohen NEW YORK (Reuters) -A U.S. appeals court on Thursday upheld a judge’s decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct. 3 trial on …

By Noel Randewich and Lewis Krauskopf (Reuters) – Arm Holdings’ stock on Thursday dipped for the first time below its initial public offering price, while short sellers appeared to be …

MEXICO CITY (Reuters) -Mexican cement maker Cemex is in talks to refinance its $3 billion credit facility with banks, the company confirmed to Reuters on Thursday. Bloomberg first reported the …

By Jonathan Stempel NEW YORK (Reuters) – A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they …

By Andrea Shalal and Douglas Gillison (Reuters) – The Biden administration on Thursday announced plans to remove medical bills from Americans’ credit reports in a push to end what it …

By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World stocks fell for a fifth straight session and the dollar hit its strongest since March on Thursday as Treasury …

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Thursday, but remained near a six-month high, a day after the Federal Reserve …