Business News

MADRID (Reuters) -Two top Spanish bankers on Tuesday said Spain’s mortgage relief plan could lead to an increase in bad debt provisions and weigh on banks’ capital reserves. The Spanish …

By Leigh Thomas PARIS (Reuters) -The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit …

By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni presented her government’s first budget on Tuesday, calling it a “courageous” package even as the opposition said …

(Reuters) – Demand for euro zone government debt from domestic buyers crowded out by European Central Bank buying is expected to be strong enough in 2023 to absorb hefty debt …

By Hadeel Al Sayegh DUBAI (Reuters) – Citigroup Inc’s investment banking team has increased by 50% over the past two years and more people are being added in the United …

MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday. The “AA,” “A” and “L” share series would …

By Harry Robertson LONDON (Reuters) – The pound rose on Tuesday after falling in the previous session, as the dollar retreated following three days of gains. The greenback, typically the …

By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) – The National Bank of Hungary (NBH) left its base rate unchanged at 13% on Tuesday and pledged to maintain tight monetary …

PARIS (Reuters) – France and Germany sought on Tuesday to pave over differences on economic policy with ministers saying they agreed Europe needed a strong response to the U.S. administration’s …

KINSAHA (Reuters) – South African retailer Shoprite will shut down its operations in Democratic Republic of Congo, it said in a statement seen by Reuters on Tuesday. The decision follows …

By Aditya Soni and Chavi Mehta (Reuters) – Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling …

(Reuters) – Euro zone consumer confidence rose by 3.6 points in November from the October number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro …

By Clare Baldwin HONG KONG (Reuters) – Conservation group The Nature Conservancy’s vision for the future of coral protection involves speed boats, and a global army of snorkellers and divers …

MOSCOW (Reuters) -The Russian rouble strengthened past 61 against the dollar on Tuesday after touching its lowest in nearly two weeks in early trade, supported by rebounding oil prices and …

By Darya Korsunskaya (Reuters) – Russia plans to spend nearly a third of next year’s budget on defence and domestic security while slashing funding for schools, hospitals and roads as …

By Darya Korsunskaya (Reuters) – Russia plans to spend nearly a third of next year’s budget on defence and domestic security while slashing funding for schools, hospitals and roads as …

JOHANNESBURG (Reuters) -Malawian authorities have started debt restructuring negotiations with commercial creditors and a ‘credible process’ is underway, the International Monetary Fund said on Tuesday. Malawi’s move to an upper …

PARIS (Reuters) – Economy Minister Robert Habeck said Germany is completely aligned with France on the U.S. Inflation Reduction Act, adding that they are considering ways to strengthen European industry …

PARIS (Reuters) – Economy Minister Robert Habeck said Germany is completely aligned with France on the U.S. Inflation Reduction Act, adding that they are considering ways to strengthen European industry …

PARIS (Reuters) – Economy Minister Robert Habeck said Germany is completely aligned with France on the U.S. Inflation Reduction Act, adding that they are considering ways to strengthen European industry …

BERLIN (Reuters) – German authorities searched the Frankfurt office of bank BNY Mellon on Tuesday in connection with an ongoing investigation into the multi-billion euro tax fraud scheme known as …

BERLIN (Reuters) – German authorities searched the Frankfurt office of bank BNY Mellon on Tuesday in connection with an ongoing investigation into the multi-billion euro tax fraud scheme known as …

BERLIN (Reuters) – German authorities searched the Frankfurt office of bank BNY Mellon on Tuesday in connection with an ongoing investigation into the multi-billion euro tax fraud scheme known as …

MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday. The “AA,” “A” and “L” share series …