Business News

By Lisa Baertlein LOS ANGELES (Reuters) – FedEx Corp benefited from misfortunes experienced by rivals UPS and Yellow during its latest quarter as the global delivery firm continued slashing costs …

By Nia Williams and Stephanie Kelly CALGARY (Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast …

By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve kicks off a two-day policy meeting on Tuesday with officials widely expected to keep interest rates on hold for now, …

By Anna Tong (Reuters) – Alphabet Inc’s Google said on Tuesday that Bard, its generative artificial intelligence, will have the ability to fact-check its answers and analyze users’ personal Google …

JAKARTA (Reuters) – Indonesia’s parliament committee on Tuesday approved the government’s higher 2024 budget expenditure of $216 billion to support economic growth, but some analysts say a bigger spending buffer …

By Xie Yu, Donny Kwok and Steven Bian HONG KONG (Reuters) -Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with …

By Huw Jones LONDON (Reuters) – Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient financial system, Bank of …

PARIS (Reuters) – A stronger than expected U.S. economy is helping to keep a global slowdown in check this year but a weakening Chinese economy will prove to be a …

BRUSSELS (Reuters) – Euro zone consumer inflation in August was slightly lower than initially estimated, the European Union’s statistics office Eurostat said on Tuesday, but still remained more than twice …

By Summer Zhen and Rae Wee HONG KONG/SINGAPORE (Reuters) – Investor negativity on China is showing signs of shifting as money managers stop or slow cuts to their exposure, even …

SHANGHAI (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Wednesday, a Reuters survey showed, as fresh signs of economic stabilisation and …

By Filipp Lebedev and Gleb Stolyarov (Reuters) – At least $14.3 million worth of coal produced in areas of Ukraine annexed by Russia has been exported to NATO member Turkey …

(Reuters) -Chinese developer Sunac China Holdings has filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed on Tuesday. The company sought protection under Chapter …

By Hannah Lang (Reuters) – Bitcoin isn’t the only asset experiencing a late summer slump.   Stablecoins, cryptocurrencies typically pegged to real-world assets like the U.S. dollar, have wilted to …

A look at the day ahead in European and global markets from Kevin Buckland Europe yet again wakes up to a swathe of red in Asian markets on Tuesday. But …

By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia’s largest pension …

By Huw Jones LONDON (Reuters) – Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in a crisis, but some need …

By Sheila Dang and Ari Rabinovitch (Reuters) – Israeli Prime Minister Benjamin Netanyahu urged Elon Musk to strike a balance between protecting free expression and fighting hate speech at a …

By Satoshi Sugiyama and Leika Kihara TOKYO (Reuters) -The Bank of Japan’s ultra-loose monetary policy, which was aimed at “buying time” to push through structural reforms, will eventually end as …

HONG KONG (Reuters) – Embattled Chinese developer Country Garden has won approval from creditors to extend repayment on another onshore bond, the last in the batch of eight bonds it …

By Leika Kihara TOKYO (Reuters) – The Bank of Japan will likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay, at least for now, …

SHANGHAI/SINGAPORE (Reuters) – The depreciation pressure on the Chinese yuan against the U.S. dollar is temporary, state media said on Tuesday, noting that its value against major trading partner currencies …

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, …

SYDNEY, Sept 19 (Reuters) – The Reserve Bank of Australia considered a 25 basis point hike in interest rates before eventually deciding to hold the benchmark cash rate unchanged at …

(Reuters) – Chinese property developer Country Garden won bondholders’ approval on the last of a batch of eight local notes it sought to stretch out repayments on, Bloomberg News reported …