Business News

By Ananya Mariam Rajesh (Reuters) – TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store for …

By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc raised its annual profit forecast on Wednesday, betting on record consumer savings and rising mortgage rates to fuel home improvement trends even …

(Reuters) – Grayscale Bitcoin Trust, the world’s largest bitcoin fund, fell almost 7% on Wednesday, as investors dumped more digital assets after last week’s high-profile unraveling of crypto exchange FTX. …

(This Nov. 15 story has been corrected to say “third quarter”, not “fourth quarter” in first paragraph) By Michael S. Derby (Reuters) – Americans continued to take on debt during …

By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in food …

LONDON (Reuters) – The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing …

(Reuters) -Billionaire Elon Musk said on Tuesday that Twitter’s sought-after blue check subscription service will be relaunched on Nov. 29, a minor delay from his initial tentative timeline to bring …

BEIJING (Reuters) -China will step up implementation of its prudent monetary policy and stabilise employment and prices in an effort to consolidate and improve an upward trend of the economy …

FRANKFURT (Reuters) – Greater use of renewable energy doesn’t necessarily translate into higher prices and it may in fact help cut inflation compared to continued reliance on fossil fuels, European …

By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s factories in California and Nevada as …

CHISINAU (Reuters) – Moldova’s prime minister proposed senior parliamentarian Dumitru Alaiba as economy minister on Wednesday as the country tries to deal with the impact of the war in Ukraine …

By Vansh Agarwal (Reuters) -Grab Holdings Ltd bumped up its 2022 revenue forecast on Wednesday as demand booms for the Southeast Asian super-app’s rideshare and delivery services, sending its U.S.-listed …

By Hyunjoo Jin and Fanny Potkin (Reuters) -Elon Musk sent a message to Twitter Inc staff telling them they had until Thursday to decide whether they wanted to stay on …

By Alexandra Valencia QUITO (Reuters) – Ecuador’s government is exploring a possible new agreement with the International Monetary Fund (IMF) as part of its 2023 financing plans, which could also …

By Leah Douglas (Reuters) -Hormel Foods’ labeling of a meat product line as “natural” despite using the same hogs and production methods as its other brands shows the U.S. meat …

(This Nov.15 story has been corrected to fix the location of Intel’s headquarters) By Blake Brittain (Reuters) – A federal jury in Texas on Tuesday said Intel Corp must pay …

By Tom Polansek CHICAGO (Reuters) – Cooks may have to put away their oversized platters for serving turkey this Thanksgiving. Birds weighing in at a hefty 18 to 20 pounds …

By Lananh Nguyen NEW YORK (Reuters) – Wells Fargo & Co introduced small-dollar loans to customers online, the bank said Wednesday, as overdraft fees draw greater scrutiny in the United …

LONDON (Reuters) – Britain’s worsening cost-of-living crunch has led to a sharp rise in the number of shoppers looking for “reduced to clear” food, Tesco, Britain’s biggest supermarket group, said …

WASHINGTON (Reuters) – U.S. import prices dropped for a fourth straight month in October, weighed down by declining costs for petroleum products and a strong dollar, the latest indication that …

OTTAWA (Reuters) -Canada’s annual inflation rate held steady at 6.9% in October, matching analyst forecasts, as higher gasoline prices and mortgage interest costs offset a slight easing of food prices, …

HELSINKI (Reuters) – Finnish energy provider Gasum said on Wednesday an arbitral tribunal had ruled it was not obligated to pay Russian gas supplier Gazprom in roubles. Gasum in May …

BEIJING/FRANKFURT (Reuters) -Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a …

By Stefano Bernabei and Jesús Aguado ROME/MADRID (Reuters) -The European Central Bank must continue to raise interest rates but there is a growing case for increased caution in policy tightening …