Business News

By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall more than previously thought this year and next with a peak-to-trough slump of 18% as aggressive …

By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -Creative director Alessandro Michele is leaving French luxury goods company Kering’s star label Gucci after seven years, Kering confirmed on Wednesday. “I …

By Howard Schneider WASHINGTON (Reuters) -A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of …

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price …

BOGOTA (Reuters) – Colombia’s Congress on Wednesday approved a budget for investing billions of dollars in royalties from hydrocarbons and mineral exploitation. The 31.3 trillion peso ($6.369 billion) budget for …

By Michael S. Derby NEW YORK (Reuters) – When Federal Reserve officials met at the start of the month to weigh another rate increase, some of them were thinking about …

NEW YORK (Reuters) – A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest …

By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that …

PARIS (Reuters) – French luxury goods company Kering confirmed on Wednesday the departure of Gucci creative director Alessandro Michele. “There are times when paths part ways because of the different …

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Further consolidation of Portugal’s banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling “remarkable” the …

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, …

NEW YORK (Reuters) – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes released from the Federal Reserve’s November meeting showed a “substantial …

By Hannah Lang (Reuters) -The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be …

By Simon Jessop LONDON (Reuters) – A group of 17 investors managing 3.2 trillion pounds ($3.82 trillion) have called on Britain’s biggest listed employers to offer more support to low-paid …

(Updates Amazon) (Reuters) – Corporate America is bracing for a potential economic downturn by shrinking the employee base as part of its streamlining measures. Job cuts announced by U.S.-based employers …

By David Milliken LONDON (Reuters) -The Bank of England set out operational details on Wednesday of its plans to start selling some of the 19.3 billion pounds ($23.2 billion) of …

BERLIN (Reuters) -No one is suggesting Germany should stop trading with China, but Beijing’s investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said on Wednesday. …

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral …

By John Revill and Noele Illien ZURICH (Reuters) -Credit Suisse expects to make a heavy loss for the final three months of the year, continuing to bleed billions of francs …

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Uniper, the largest corporate casualty of Europe’s energy crisis so far, said Berlin would need to pump as much as 25 …

MEXICO CITY (Reuters) – Moody’s Investors Service on Wednesday said the debt loads of large Latin American sovereigns will likely stay high, constraining governments’ ability to support economic growth. The ratings …

By Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) -Retailers ranging from Walmart to Barnes & Noble are installing cameras or locking away items to deter shoplifters and thieves as …

BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto on Wednesday reiterated concerns about the spending program planned by the government of President-elect Luiz Inacio Lula da Silva, saying …

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) -The European Central Bank should slow the pace of interest rate hikes from December and send a clear message that 75-basis-point increases …

By Sruthi Shankar and Devik Jain (Reuters) -Europe’s STOXX 600 index closed higher on Wednesday as gains in miners offset losses in Credit Suisse after its profit warning, while investors …