Business News

By Tim McLaughlin (Reuters) – NextEra Energy’s $5.4 billion retirement plan for employees has suffered about half a billion dollars in losses this year as outsized bets on company stock …

By Lewis Krauskopf NEW YORK (Reuters) – Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh …

By William Schomberg, Andy Bruce and Suban Abdulla LONDON (Reuters) -The Bank of England halted its long run of interest rate increases on Thursday as Britain’s economy slowed and inflation …

(Reuters) – Rupert Murdoch stepped down as the chairman of Fox Corp and News Corp on Thursday, ending a long reign that saw him develop and lead a global media …

FRANKFURT (Reuters) -Euro zone inflation is stubbornly high with upside risks, so the European Central Bank’s next move could still be a rate increase before cuts come onto the agenda, …

WASHINGTON (Reuters) – U.S. existing home sales unexpectedly fell in August as persistently tight supply boosted prices, and a further decline is likely amid a resurgence in mortgage rates. Existing …

(Reuters) – Darden Restaurants beat quarterly sales and profit estimates on Thursday, helped by higher menu prices, easing cost pressures and steady demand at its casual dining restaurant chains. However, …

By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential …

By Michael S. Derby NEW YORK (Reuters) – An increase in government bond central clearing could increase the resilience of a market that forms the backbone of the global credit …

By Aditya Kalra NEW DELHI (Reuters) – Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to …

WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the second quarter as surpluses on services and primary income offset a shortfall on goods, data showed on Thursday. …

LONDON (Reuters) – Big central banks are closing in on the end of their rate hiking cycles, starting to surprise markets as their outlooks on when and how they will …

By Aditi Shah and Neha Arora NEW DELHI (Reuters) – Indian steel-to-energy group JSW is in early stage talks with Korea’s LG Energy Solution (LGES) about jointly manufacturing batteries in …

ABUJA (Reuters) – Nigeria’s central bank said on Thursday that it had delayed an interest rate meeting that had been planned for next week and that it would schedule a …

By Steven Scheer JERUSALEM (Reuters) – Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term to safeguard the bank’s independence …

By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its CEO …

By Tom Hals WILMINGTON, Delaware (Reuters) – A legal team that forced Tesla’s directors to agree in July to return more than $700 million in compensation to the automaker for …

TRENTON, NJ – Legislators in Trenton are preparing for more bad news in the renewable energy sector. A bill being discussed will allow for the state to give extensions to …

By Rajesh Kumar Singh CHICAGO (Reuters) – Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable …

By Richa Naidu and Helen Reid (Reuters) – Consumer goods firms like Nestle, Lindt and Unilever may face increased pressure across Europe to cut prices after being singled out by …

By Yena Park, Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s major exporters of cars and smartphones are bringing home a bigger chunk of their earnings this year …

By John Revill ZURICH (Reuters) -The Swiss National Bank held out the prospect of further interest rate hikes later this year after it surprised markets on Thursday by pausing its …

By Amy-Jo Crowley LONDON (Reuters) – British publisher National World is sounding out potential investors to help finance a bid for the Telegraph newspaper group, three people with knowledge of …

By Liang-sa Loh and Faith Hung TAIPEI (Reuters) -Taiwan’s central bank on Thursday flagged continued tight monetary policy as it keeps a close eye on inflation, and trimmed its 2023 …