Business News

(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday. The FDI inflows were at 7.9 billion riyals …

By Paul Lienert (Reuters) – Panasonic Corp will buy remanufactured battery cathode material from Redwood Materials, beginning in 2025, for the Japanese battery maker’s new Kansas plant, the companies said …

By Natalie Grover LONDON (Reuters) – Since the pandemic emerged, more top drugmakers have made progress in improving access to medicines in the developing world, but those gains are largely …

By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a rare significant foray into the technology sector by billionaire …

By Mimosa Spencer PARIS (Reuters) – Luxury shoppers are getting younger and younger, forming a group that’s expected to buoy growth in the sector in the coming years with purchases …

MUMBAI (Reuters) -The Reserve Bank of India is likely to opt for a 35 basis points (bps) rate hike at its policy meeting in December, after three consecutive 50 bps …

A look at the day ahead in U.S. and global markets from Mike Dolan. As investors closely monitor shifting economic sands, signs of some easing of this year’s tense geopolitics …

By David Shepardson WASHINGTON (Reuters) – A group of 10 Democratic senators Tuesday urged U.S. auto safety regulators to move quickly to issue new regulations after traffic crash deaths hit …

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Wall Street investment bankers can expect much smaller bonuses this year as the economy slows, according to projections published on …

By Dietrich Knauth and Brendan Pierson (Reuters) – FTX Trading’s new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange’s restructuring, previously oversaw the $23 …

A look at the day ahead in European and global markets from Anshuman Daga Just as investors were starting to put aside worries of rate increases from the Federal Reserve, …

By Manoj Kumar NEW DELHI (Reuters) – India’s annual retail inflation eased to a three-month low of 6.77% in October, helped by a slower rise in food prices and a …

By Pavel Polityuk, Maytaal Angel and Nigel Hunt KYIV/LONDON (Reuters) – War, rain and economic hardship have depressed Ukraine’s wheat plantings, depriving the nation of vital export earnings in 2023 …

WASHINGTON (Reuters) – The White House on Tuesday said it had pushed out $185 billion in funding under a $1 trillion bipartisan infrastructure law passed last year, with that same …

BRUSSELS (Reuters) – Euro zone gross domestic product grew by 0.2% quarter-on-quarter in the July-September period for a 2.1% year-on-year increase, Eurostat confirmed on Tuesday, while employment in the single …

(Corrects Chinese leader’s name in first paragraph, Jinping, not Jingping) SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Tuesday he had a positive discussion with China President Xi …

By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for …

By David Kirton and Josh Ye SHENZHEN, China/HONG KONG (Reuters) -Chinese tech giant Tencent Holdings has begun a new round of job cuts targeted at its video streaming, gaming and …

By Chris Taylor NEW YORK (Reuters) – For Michael Whitty, it all started with one question: “I wonder how much this is all adding up to?” That is what the …

(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” …

By Huw Jones LONDON (Reuters) – Climate-related stress tests for banks need to better capture the indirect fallout of climate change on lenders and the wider global economy, the G20’s …

(Reuters) – Poland’s gross domestic product rose 3.5% year-on-year in the third quarter compared to 5.8% rise in the previous quarter, a first estimate from the statistics office showed on …

By Sarah Young LONDON (Reuters) -Britain’s biggest defence company, BAE Systems, lifted its earnings guidance on Tuesday after reporting “very strong” orders for 2022, and forecast more growth next year …