Business News

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting …

By Alun John and John McCrank (Reuters) -Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FTX, …

By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center …

(Reuters) -Cisco Systems Inc raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring, …

NEW YORK (Reuters) – Foreign holdings of Treasuries in September dropped to their lowest level since May 2021, data from the U.S. Treasury Department showed on Wednesday, led by Japan …

By Nell Mackenzie (Reuters) -Hedge fund Muddy Waters is shorting Uruguay-based payment processing firm dLocal, the investment firm’s CEO and owner Carson Block told a financial conference on Wednesday, causing …

(Reuters) -Australian bourse operator ASX Ltd said on Thursday it would take a pretax charge of up to A$255 million ($172 million) in the first half as it derecognises the …

By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc confirmed on Wednesday it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking operations after …

By Dietrich Knauth (Reuters) -Liquidators for FTX’s Bahamas unit, FTX Digital Markets, have asked a New York City court to recognize its bankruptcy in the Bahamas, saying they “reject the …

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 …

(Reuters) – Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke inflation and aggravate any …

By David Shepardson WASHINGTON (Reuters) -The U.S. House Financial Services Committee said on Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. …

(Reuters) – The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried’s FTX was yet to come out, Coinbase Global Inc Chief Financial Officer …

DUBLIN (Reuters) – CDB Aviation became the latest aircraft lessor to start legal action in pursuit of claims against a large number of insurers over jets it owns that are …

By Jeffrey Dastin (Reuters) -Amazon.com Inc on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted …

By Michael S. Derby NEW YORK (Reuters) – A Federal Reserve tool that provides liquidity in times of stress could be strengthened if it were open to more participants and …

MEXICO CITY (Reuters) – Troubled Mexican non-bank lender Credito Real is in talks with foreign bondholders, prompting creditors to delay their request for an involuntary U.S. bankruptcy hearing, according to …

(Reuters) – Senegal has made “significant progress” in implementing structural reforms but those have come at a slower pace than anticipated, the International Monetary Fund’s staff said on Wednesday. Performance …

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Wednesday as lower oil prices weighed on energy shares but gains for consumer-related stocks helped limit the index’s …

(Reuters) – Ratings agency S&P Global on Wednesday cut Argentina’s long-term local currency sovereign credit rating by two notches to “CCC-” from “CCC+” to reflect increased vulnerabilities over the next …

By Padraic Halpin DUBLIN (Reuters) -Flutter sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times to around $15 billion over the long …

By Huw Jones LONDON (Reuters) – Britain’s banks are proactively helping customers hit by the cost of living crisis, but implementing a new “consumer duty” on time could exclude vulnerable …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The battle lines between stock markets and the Fed are clearly drawn, and …

(Reuters) – Top U.S. solar panel manufacturer First Solar Inc on Wednesday said it has chosen Alabama as the home of its fourth domestic factory, giving the state a $1.1 …

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. Federal Reserve Governor Christopher Waller, an early and outspoken “hawk” in the central bank’s efforts to confront inflation, said Wednesday he …