Business News

By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The dollar rose and equity markets slid on Thursday after hawkish remarks from Federal Reserve officials reminded investors a less …

(Reuters) – U.S. Senate Majority Leader Chuck Schumer and Republican Senator John Cornyn are lobbying hard for a ban on government business with Chinese chipmakers, Politico reported on Thursday, citing …

By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo Global Management’s acquisition of auto parts supplier Tenneco without being …

By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to …

By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Gap Inc beat Wall Street estimates for quarterly sales and profit on Thursday, helped by steady demand from affluent consumers for its …

By Liangping Gao, Ziyi Tang and Clare Jim BEIJING/HONG KONG (Reuters) – A slew of recent supportive measures will bring China’s cash-strapped property developers much needed relief, but a full …

By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world’s first to adopt the …

By Tiyashi Datta (Reuters) -Chip tools maker Applied Materials Inc on Thursday forecast first-quarter revenue above market estimates, on hopes that easing supply chain constraints will help it meet pent …

SHANGHAI (Reuters) – Sharp declines in Chinese bond prices as the government takes steps to boost the economy have prompted an investor outcry and a rush of redemptions, putting pressure …

By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday laid out his assessment of the failures that led to …

WASHINGTON (Reuters) – White House competition adviser Tim Wu said Thursday the Biden administration is still backing tech antitrust legislation that is before Congress as time runs short before lawmakers …

By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched …

(Reuters) – A U.S. watchdog in a report made public on Thursday asked the federal regulator of offshore oil and gas infrastructure to come up with a cybersecurity strategy for …

By Ross Kerber and Chris Prentice BOSTON/ WASHINGTON (Reuters) – With the U.S. House of Representatives under their control, Republicans have a new pulpit to try to constrain President Joe …

By Jonathan Stempel (Reuters) – Krispy Kreme Inc agreed to pay $1.19 million to settle U.S. Department of Labor charges it failed to properly pay overtime to several hundred workers, …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After a brief respite, China is again caught in investors’ crosshairs. The economic …

By John McCrank NEW YORK (Reuters) – U.S. exchanges and Wall Street’s top cop on Thursday warned about a heightened threat of fraud mostly involving the initial public offerings of …

By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX …

By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials, while …

By Stefanie Eschenbacher and Ana Isabel Martinez MEXICO CITY (Reuters) – Under pressure to increase production, Mexico’s state oil company Pemex has risked fines for violations that cause environmental damage …

By Rachel More BERLIN (Reuters) -Germany’s top four carmakers and parts supplier Bosch knowingly broke rules when developing a type of emissions software, an environmentalist group said on Thursday, in …

By Ernest Scheyder (Reuters) – Republicans will seek to boost American production of lithium, copper and other electric-vehicle metals after the U.S. midterm elections gave them narrow control of the …

By Hilary Russ NEW YORK (Reuters) -Workers at more than 100 U.S. company-owned Starbucks locations are striking for one day on Thursday to protest what they say is illegal retaliation …

By Huw Jones LONDON (Reuters) – European Union states edged closer on Thursday to ditching a proposed ban on brokers earning fees in return for directing stock trades to specific …