Business News

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 …

By Gabriela Baczynska BRUSSELS (Reuters) -The 27 European Union countries disagreed on Wednesday over a proposal by the bloc’s executive to cap future gas prices at 275 euros per megawatt-hour …

By Bianca Flowers and Aishwarya Nair CHICAGO (Reuters) -Deere & Co on Wednesday posted a quarterly profit that easily beat Wall Street estimates with strong sales accelerated by price hikes …

NEW YORK (Reuters) – U.S. savers are being left behind by the Federal Reserve’s aggressive campaign of interest rate rises, and that’s unlikely to change soon. New research from the …

By Dawn Chmielewski and Chavi Mehta (Reuters) -A major investor in News Corp and Fox Corp, Independent Franchise Partners, said on Wednesday it opposes Rupert Murdoch’s plan to recombine the …

By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in …

By David Gaffen (Reuters) – U.S. crude stockpiles fell while gasoline and distillate inventories both rose substantially last week as refiners ramped up production, alleviating a bit of concern about …

SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Wednesday reported a 9.7% fall in third-quarter revenue, hit by China’s COVID-19 restrictions and softening consumer demand. Sales in the third quarter …

(Reuters) – U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week to 390.5 million barrels, the lowest level since March 1984, …

MEXICO CITY (Reuters) – The Mexican central bank is “not ready yet to decouple” from the U.S. Federal Reserve, and to do so prematurely could weaken the peso currency, Bank …

BRASILIA (Reuters) -Brazilian Senator Marcelo Castro said on Wednesday that a constitutional amendment backed by President-elect Luiz Inacio Lula da Silva must exempt at least 100 billion reais ($19 billion) …

By Noah Browning and Julia Payne LONDON (Reuters) – Russia’s oil tanker fleet is too small to fully circumvent a plan by the European Union, G7 countries and Australia to …

WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house prices, which have drastically eroded affordability. New home sales rebounded …

By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to scoop up market share …

TOMS RIVER, NJ – According to a report by Toms River Patch this week, Friendly’s restaurant, located on Route 37 near the BJ’s Wholesale Club, is shutting down. News of …

By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but …

By Marc Jones LONDON (Reuters) – After some of the biggest losses in emerging markets on record this year the bulls are back, betting that the time has come for …

MADRID (Reuters) -The International Monetary Fund expects economic growth in Spain to slow in 2023 on higher prices and flagging demand before rebounding to pre-pandemic levels in 2024, it said …

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Wednesday it has reached a staff-level agreement with Ukraine for a policy program monitoring arrangement that aims to pave …

WASHINGTON (Reuters) – U.S. business activity contracted for a fifth straight month in November, with a measure of new orders dropping to its lowest level in 2-1/2 years as higher …

(Reuters) – U.S. new vehicle retail sales are expected to be relatively flat in November as high vehicle prices, coupled with interest rate increase, are moderating demand, a report from …

(Corrects date in dateline to Nov 23) ZURICH (Reuters) – Credit Suisse shareholders approved on Wednesday a 4 billion Swiss franc ($4.20 billion) share capital hike intended to fund the …

WASHINGTON (Reuters) – New orders for U.S.-made capital goods unexpectedly rebounded in October while shipments increased solidly, suggesting business spending on equipment started the fourth quarter on a strong footing …

By David Milliken LONDON (Reuters) – British economic activity fell at close to its fastest pace in nearly two years in November, adding to signs of recession as orders sank …

By Dietrich Knauth, Tom Hals and Tom Wilson NEW YORK/LONDON (Reuters) – FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange …