Business News

MILAN (Reuters) – Telecom Italia (TIM) will likely improve its financial targets for the next two years, the head of Italy’s biggest phone group told top executives on Wednesday, according …

TORONTO (Reuters) – Canadian housing starts fell 11% in October, pulling back from the highest level in 2022 the month before, as groundbreaking decreased on multiple unit and single-family detached …

MADRID (Reuters) – The European Central Bank still has some way to go in tightening policy but should proceed with caution and calculate with a greater chance of a recession, …

By Dhara Ranasinghe BRUSSELS (Reuters) – High inflation and aggressive central bank rate hikes have created challenging conditions for government bond markets, but the ease of doing trade has held …

By Abhijith Ganapavaram (Reuters) – Airbnb Inc said on Wednesday it had recorded a “disproportionate” 31% rise in single-room listings on its platform in the third quarter, as more people …

(Reuters) – JetBlue Airways Corp said on Wednesday it would expand its transatlantic coverage by offering flights to Paris next year, seeking to cash in on robust demand for overseas …

By David Lawder NUSA DUA, Indonesia (Reuters) -President Joe Biden’s meeting with Chinese President Xi Jinping was a “very constructive” signal that may ease trade tensions between the world’s two …

(Reuters) – The average interest rate on the most popular U.S. home loan saw its largest single-week decline since July, dropping back to just below 7%, as signs inflation has …

(Reuters) -Swiss drugmaker Novartis AG is considering to sell its ophthalmology and respiratory units, a Bloomberg report said on Wednesday citing people familiar with the matter. The company is seeking …

(Reuters) – Peloton Interactive Inc will start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc’s UK platform, it said on Wednesday, in an effort to …

(Reuters) – Shares in U.S. retailers slid in premarket trade on Wednesday after Target Corp warned of a gloomy outlook for crucial holiday quarter sales and announced plans to save …

By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and …

By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried …

By Steven Scheer JERUSALEM (Reuters) -Israel’s economic growth slowed in the third quarter as consumer spending weakened, though it still appears likely that high inflation will prompt another hefty Bank …

By Howard Schneider WASHINGTON (Reuters) – Accumulating evidence that prices are slowing, alongside signs of stretched consumer finances and even the recent layoffs in the technology sector, may bolster faith …

By Kevin Yao BEIJING (Reuters) – Chinese government advisers say they will recommend modest economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, …

JOHANNESBURG (Reuters) – South African retail sales fell 0.6% year on year in September after rising by a revised 2.1% in August, Statistics South Africa figures showed on Wednesday. On …

By Michael S. Derby NEW YORK (Reuters) – Fears that aggressive Federal Reserve interest rate rises would break the Treasury bond market have failed to come to fruition so far, …

A look at the day ahead in U.S. and global markets from Mike Dolan. The jolt to world markets from Tuesday’s explosion in Poland reminded otherwise buoyant investors that geopolitics …

By Krystal Hu and Eva Mathews (Reuters) -Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at …

(Reuters) – Inflation is at risk of becoming entrenched in the economy from an overheated job market, making it difficult for the Federal Reserve to bring down inflation without a …

FRANKFURT (Reuters) -Risks to the euro zone’s financial stability are on the rise as the economy heads for a likely recession so any reduction in the European Central Bank’s bond …

By Summer Zhen HONG KONG (Reuters) – Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce giant Pinduoduo in the third quarter while cutting holdings in …