Business News

MILAN (Reuters) – Italy’s second-largest lender UniCredit will give its staff in Germany a bonus of 2,500 euros ($2,594) to compensate for rising inflation, a copy of an internal memo …

By Andy Bruce LONDON (Reuters) -British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below …

BUDAPEST (Reuters) -Hungary is aiming to prevent its economy sliding into recession, Prime Minister Viktor Orban said on Friday after data this week showed the economy contracting in quarterly terms …

PARIS (Reuters) – Moody’s Investors Service said on Friday it changed the outlook on French carmaker Renault’s ratings to stable from negative to reflect prospects of improved profitability from its …

OSLO (Reuters) – The Norwegian economy grew at a faster pace than economists had expeced in the third quarter, Statistics Norway (SSB) data showed on Friday. The July-September quarter saw …

SHANGHAI (Reuters) – China is expected to keep benchmark lending rates unchanged for the third straight month on Monday, a Reuters survey showed, as policymakers remain reluctant to drive the …

By Karen Lema MANILA (Reuters) -The Philippine central bank will have to raise interest rates if the U.S. Federal Reserve tightens policy further to support the peso and prevent the …

ZURICH (Reuters) – The Swiss arm of Credit Suisse’s investment bank will be largely unaffected by the restructuring plan the bank announced last month, said Jens Haas, head of investment …

BEIJING (Reuters) – China should set its economic growth target no lower than 5% for 2023, Liu Shijin, a policy adviser to its central bank, said on Friday. The world’s …

TAIPEI (Reuters) – Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed …

HANOI (Reuters) – Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher interest rates and tightening credit …

By Paresh Dave and Katie Paul (Reuters) – Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company’s next wave of …

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Friday wages must rise by around 3% for inflation to sustainably hit the bank’s 2% target, stressing …

(Reuters) – Amazon.com Inc said on Thursday there would be more role reductions as its annual planning process extends into next year and leaders continue to make adjustments. “Those decisions …

JAKARTA (Reuters) – Indonesia’s headline inflation in November could come in at 5.5%, or lower than previous month when headline inflation was 5.71%, its deputy governor said on Friday, citing …

(Reuters) -The executive hired to steer FTX Group through bankruptcy offered his first findings of improper fund transfers and poor accounting at the collapsed crypto exchange on Thursday, describing it …

(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd posted a low single-digit rise in quarterly revenue on Thursday, slightly below expectations, as COVID-19 curbs and a worsening economic outlook …

By Andrew MacAskill LONDON (Reuters) -More Britons will pay the top rate of income tax under government plans announced on Thursday to freeze allowances and lower the level at which …

LONDON (Reuters) – Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the Silver Institute on …

By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters say a longer period of …

By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments from a U.S. Federal …

BRASILIA (Reuters) – Brazil’s incoming government will be fiscally responsible, Vice President-elect Geraldo Alckmin said Thursday, promising a budget surplus and reduction in public debt in effort to quell market …

By Echo Wang NEW YORK (Reuters) – The U.S. Financial Industry Regulatory Authority (FINRA) warned on Thursday it was seeing a number of small initial public offerings (IPOs), including many …

By David Shepardson WASHINGTON (Reuters) – U.S. broadband providers must display information similar to nutrition labels on food products to help consumers shop for broadband internet services, according to new …

By Manya Saini (Reuters) -Visa Inc on Thursday named its president, Ryan McInerney, as its new chief executive officer to steer the company through a challenging period for the payments …