Business News

A look at the day ahead in European and global markets from Ankur Banerjee: Investors are holding back on big bets as COVID curbs in China keep risk appetite in …

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank on Wednesday hiked interest rates by a record amount and warned the economy might have to spend an entire year …

By Soo-hyang Choi and Heekyong Yang SEOUL (Reuters) – Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it …

SINGAPORE (Reuters) -Demand from Europe and the United States has become a key driver of global metal prices, along with that from China, as a rise in electrification in those …

BEIJING (Reuters) – China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, according to a statement on its …

HONG KONG (Reuters) -Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 3.23 million Hong Kong-listed shares of electric vehicle maker BYD for HK$630.33 million ($80.67 million), a …

BEIJING (Reuters) – Chinese automaker BYD Co Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan, citing reasons …

By Chen Lin SINGAPORE (Reuters) -Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s outward-oriented …

By Doyinsola Oladipo and Rajesh Kumar Singh NEW YORK/CHICAGO (Reuters) – U.S. airlines and airports are preparing for a surge in passengers over the Thanksgiving holiday, with the number of …

By Lewis Jackson SYDNEY (Reuters) -New Zealand Finance Minister Grant Robertson said the world economy faced a “year of reckoning” in 2023 but the small island nation is well-placed to …

By Granth Vanaik (Reuters) – Nordstrom Inc said on Tuesday net sales at its eponymous retail stores fell 3.4% in its third quarter, and overall sales for the company slowed …

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 75 basis points to a near 14-year high of 4.25% on Wednesday and flagged more hikes …

SHANGHAI (Reuters) – China’s top auto association said on Wednesday it would cancel the second day of the China Automotive Overseas Development Summit that was taking place in Shanghai, citing …

(Reuters) -Australia’s Qantas Airways Ltd raised its first-half pre-tax profit outlook on Wednesday on strong travel demand, with limits on international capacity helping boost domestic tourism, sending its shares to …

By Uday Sampath Kumar and Hilary Russ (Reuters) -High-end iPhones will be in short supply at stores this holiday season, Best Buy Co Inc said on Tuesday, following a warning …

By Timothy Gardner, Daphne Psaledakis and David Lawder WASHINGTON (Reuters) -The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably …

(Reuters) – Cryptocurrency exchange FTX said on Tuesday it was receiving interest from potential buyers for its assets and would conduct process to reorganize or sell them. (Reporting by Arunima …

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as a sales forecast by Best …

(Reuters) -HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, at a time …

By Medha Singh and Lisa Pauline Mattackal (Reuters) – As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. …

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Tuesday charged Goldman Sachs Asset Management with failing to follow its policies and procedures involving environmental, socially oriented …

SEOUL (Reuters) – South Korean manufacturers’ business sentiment for December dropped to a more than two-year low, a central bank survey showed on Wednesday, amid growing economic uncertainties and persistently …

By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Tuesday while U.S. Treasury yields fell as investors awaited the release of the Federal Reserve’s meeting minutes for clues …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A U.S. or global recession in 2023 may not be most people’s base …

LOS ANGELES (Reuters) -The leader of the largest U.S. business lobbying group on Tuesday called on Congress to intervene in an ongoing railroad labor standoff that threatens to idle shipments …