Business News

By Priyamvada C (Reuters) – U.S. hotel operators expect more pain from China’s strict COVID-19 lockdowns which have halted construction of some luxury properties and impeded travel to one of …

(Reuters) – Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping …

By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as relatively high oil prices encourage firms …

By Nichola Groom (Reuters) -More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law …

BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto emphatically defended the need for fiscal balance on Friday, following statements by leftist President-elect Luiz Inacio Lula da Silva that soured …

By Shreyashi Sanyal and Ankika Biswas (Reuters) -European shares notched their best weekly performance in nearly eight months on Friday, largely driven by bets of smaller rate hikes by the …

MADRID (Reuters) – The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de Cos said on Friday. “The …

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate is expected to have picked up pace slightly in October, analysts polled by Reuters said, with spiraling prices that are …

By James Davey and Rachel More LONDON/BERLIN (Reuters) -European retailers fear this Christmas could be the worst in at least a decade as shoppers cut spending while the costs of …

LONDON (Reuters) -Bank of England interest rate-setter Jonathan Haskel said signs of a slowdown in Britain’s economy did not imply a need for less tightening of monetary policy and the …

WASHINGTON (Reuters) -U.S. consumer sentiment slumped in November amid persistent worries about inflation and higher interest rates, according to a survey on Friday, which also hinted at a sharp slowdown …

By John Revill and Mimosa Spencer ZURICH (Reuters) -Luxury goods group Richemont’s shares soared as much as 21% in early trading on Friday after the owner of Cartier posted strong …

(Reuters) – FTX was commencing bankruptcy proceedings in the United States and its Chief Executive Officer Sam Bankman-Fried has resigned, the crypto exchange said on Friday, in a spectacular collapse …

By Amanda Cooper and Samuel Indyk LONDON (Reuters) -The euro zone government bond market on Friday delivered the clearest sign yet that Germany, the region’s largest economy, could be on …

JOHANNESBURG (Reuters) – French telecoms group Orange launched a new 5G network in Botswana on Friday in a first step towards rolling out the high-speed data offering to other markets …

(Reuters) -Thomson Reuters Corp said on Friday it would buy SurePrep LLC, a U.S.-based provider of tax automation software and services, for $500 million in cash. The information company has …

By Marie Mannes (Reuters) – Polestar on Friday reported a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, sending shares soaring 25% in early …

(Reuters) – Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering …

By Isla Binnie and Ross Kerber NEW YORK/BOSTON (Reuters) – Funds adhering to environmental, social, and corporate governance (ESG) principles have been hit by unprecedented outflows in the market downturn, …

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Friday said he would like to see the Bank of Mexico balance fighting inflation while taking care of economic growth. …

TOKYO (Reuters) -Japan’s Seven & i Holdings Co Ltd said on Friday it will sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group. Seven & …

By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute …

By Carolina Mandl (Reuters) -SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with …