Business News

SHANGHAI (Reuters) -As China’s stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector …

By Milana Vinn and Anirban Sen NEW YORK (Reuters) -A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by …

By Mrinalika Roy and Arathy Somasekhar (Reuters) -Magellan Midstream Partners’ unitholders on Thursday voted in favour of its sale to larger rival ONEOK Inc for $18.8 billion, creating one of …

(Reuters) – Federal Reserve Chair Jerome Powell will host a town hall with educators on Sept. 28 that will also be webcast live, and he will take questions from the …

By Laura Sanicola (Reuters) – Oil prices settled lower after choppy trading on Thursday, rising as much as $1 a barrel after a Russian ban on fuel exports snatched the …

(Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that his government will not rule out any options in addressing excessive volatility in the foreign exchange market. “It is …

By Suzanne McGee and Bansari Mayur Kamdar (Reuters) – Investors in exchange-traded funds (ETFs) flocked to the very short end of the U.S. Treasury yield curve on Thursday, as prices …

By Makiko Yamazaki (Reuters) – Japanese Prime Minister Fumio Kishida aims to spur competition in the country’s $5 trillion asset management industry by prompting new market entrants to turn dormant …

(Reuters) -CoverGirl cosmetics parent Coty is moving forward with its plan to list on the Paris Stock Exchange which could take place as soon as the coming weeks, Bloomberg News …

By Milana Vinn, Yuvraj Malik and Aditya Soni (Reuters) -Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its …

WASHINGTON (Reuters) – The CEO of internet search engine company DuckDuckGo testified on Thursday that his company struggled to grow its market share because Google was paying key companies billions …

(Reuters) – More automakers signed up to access Tesla’s electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company’s superchargers closer to becoming the industry standard. Texas has …

(Reuters) – Rupert Murdoch has stepped down as the chairman of Fox and News Corp, ending a seven-decade career that began from his father’s Australian newspaper business and culminated in …

By David Randall NEW YORK (Reuters) – The Federal Reserve’s expectations that the U.S. economy will continue to expand and necessitate additional interest rate hikes to combat inflation prompted HSBC …

(Reuters) – Alphabet’s Google said on Thursday it does not see any change in its relationship with Broadcom following a media report the tech giant considered dropping the chipmaker as …

By Yuvraj Malik (Reuters) – Microsoft on Thursday announced a “unified” artificial intelligence (AI) for its Windows 11 platform and four new Surface devices, upping the appeal of its products …

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury’s planned buyback of its outstanding securities next year is aimed at improving liquidity in the bond market, but it is …

(Reuters) – Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career in which he created an …

DUBLIN (Reuters) – Ryanair said on Thursday it will cut 17 routes from its winter schedule at its home base in Dublin and allocate 19 new Boeing 737 MAX planes …

By Leroy Leo and Khushi Mandowara (Reuters) – U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, …

By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) – European shares fell over 1% in a broad-based selloff on Thursday, pressured by rising bond yields as major central banks across …

By Makiko Yamazaki TOKYO (Reuters) -Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success – a deal …

BRUSSELS (Reuters) – EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s European domestic appliances business, an European Commission …

By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The latest leg lower in U.S. stock prices has put them in a danger zone that could trigger so-called “mechanical selling” pressure …