Business News

By Sam Tobin LONDON (Reuters) – The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy …

(Reuters) – Nicaragua’s economy is forecast to grow 3% in 2023, down from expected growth of 4% this year, the International Monetary Fund said in a statement released on Wednesday, …

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal …

WASHINGTON (Reuters) – Federal Reserve Governor Christopher Waller said on Wednesday he is concerned that the outbreak of inflation since 2021 has raised wage pressures going forward in ways that …

(Reuters) -A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll …

(Reuters) – Electric vehicles (EVs) and full-size pickup trucks were the two most problematic categories in terms of reliability, Consumer Reports magazine’s annual reliability survey showed on Tuesday, as Asian …

By David Shepardson WASHINGTON (Reuters) – Tesla Inc told U.S. auto safety regulators it has reports of two new crash fatalities in Model 3 cars tied to advanced driver assistance …

By Mike Stone WASHINGTON (Reuters) – Microsoft will provide Lockheed Martin with its first classified cloud as part of a three-year deal, executives said on Wednesday, making it easier for …

By Jane Lanhee Lee and Paul Lienert OAKLAND Calif/DETROIT (Reuters) – U.S. chip design firm  Advanced Micro Devices Inc on Wednesday said Japan’s major automotive supply company Aisin Corp has …

By Jane Lanhee Lee OAKLAND, Calif, (Reuters) – U.S. chip designer and computing firm Nvidia Corp on Wednesday said it is teaming up with Microsoft Corp to build a “massive” …

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that crypto markets need more robust oversight, days after cryptocurrency exchange FTX collapsed. “The recent failure of a major cryptocurrency …

By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 …

By Silvia Aloisi PARIS (Reuters) -Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital and …

By Natalia A. Ramos Miranda EL TENIENTE MINE, Chile (Reuters) – A huge fully electric-powered 14-ton loading shovel has begun operating at Chile’s century-old El Teniente copper mine, in what …

LONDON (Reuters) -The London Metal Exchange (LME) said on Wednesday it was conducting enhanced monitoring of nickel trading after prices fell as much as 12% in volatile and illiquid conditions. …

DUBAI (Reuters) – Banque Saudi Fransi sold $700 million in five-year bonds on Wednesday in the first public dollar bonds out of the Gulf in nearly a month, a bank …

(Reuters) -Micron Technology Inc said on Wednesday it would reduce memory chip supply and make more cuts to its capital spending plan, as the semiconductor firm struggles to clear excess …

By Ross Kerber (Reuters) – Costco Wholesale Corp will set new targets by next year to cut its greenhouse gas emissions, according to an activist investment firm that said the …

(Reuters) – Albertsons Companies Inc said on Wednesday its $4 billion dividend payment to shareholders will continue to remain on hold as a Washington state court postponed a scheduled case …

By Uday Sampath Kumar (Reuters) -Target Corp forecast a surprise drop in holiday-quarter sales on Wednesday, blaming surging inflation and “dramatic changes” in consumer spending for a drop in demand …

By Xie Yu, Chris Prentice and Julie Zhu HONG KONG/WASHINGTON (Reuters) – U.S. regulators gained “good access” in their review of auditing work done on New York-listed Chinese firms during …

By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal’s finance minister has backed the European Commission’s proposal to change the EU’s fiscal rules to allow governments to negotiate individual …

(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding one more quarter-point Federal Reserve …

WARSAW (Reuters) – Poland’s parliament passed a bill loosening limits on additional spending in 2022 on defence and support related to the energy crisis and inflation, voting records showed on …