Business News

By Matt Spetalnick WASHINGTON (Reuters) – The Biden administration is preparing to unveil new regulatory measures to allow more U.S. financial support for small private businesses in Cuba, a person …

(Reuters) – Brazil’s Finance Ministry on Monday raised its projection for economic growth in 2023 to 3.2% from the previous estimate of 2.5% in July, primarily driven by unexpectedly strong …

By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister …

(Reuters) -Macy’s said on Monday it would hire more than 38,000 full and part-time workers for the upcoming holiday season – fewer than last year – as the U.S. department …

PARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, …

By Stephen Nellis (Reuters) -Microsoft’s Yusuf Mehdi, who oversees its consumer marketing efforts, is taking over the firm’s Surface and Windows businesses with the external PC makers and retail partners, …

WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the “unrealized opportunity” …

By Scott DiSavino and Nichola Groom (Reuters) – U.S. President Joe Biden’s plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the …

BEIJING (Reuters) – China’s central bank and forex regulator met with foreign financial institutions and companies on Monday, as Beijing strives to attract overseas investment to support its recovery. JPMorgan, …

By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Co and a union representing its South Korean workforce on Monday sealed a wage deal that will boost annual pay by about 12%, …

By Alex Lawler LONDON (Reuters) – With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are …

By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) -European shares fell on Monday as French bank Societe Generale’s shares slumped after a keenly awaited strategic plan from its new CEO …

HONG KONG (Reuters) -Shares of embattled developer China Evergrande Group plunged as much as 25% on Monday after police detained some staff at its wealth management unit, suggesting a new …

By Chandni Shah and Daren Butler ISTANBUL (Reuters) -Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on …

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of excess liquidity sloshing around banks, with …

By Paritosh Bansal (Reuters) -Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year “March madness.” Six months on, the craziness has abated, but the industry …

(Reuters) – GE HealthCare Technologies Inc has received a grant of more than $44 million from the Bill & Melinda Gates Foundation to develop AI-assisted ultrasound technology, the company said …

COPENHAGEN (Reuters) – Novo Nordisk’s shares fell on Monday after financial news agency MarketWire reported that U.S. drug regulators had recently issued a report detailing quality control lapses at the …

LIMA (Reuters) – Peru’s annual inflation could ease to 5.2% in September, Economy Minister Alex Contreras said in a press conference on Monday. Data from national statistics agency INEI showed …

By Amina Niasse NEW YORK (Reuters) – U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April as high interest rates cut …

By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices …

SHANGHAI (Reuters) – China’s auto industry should seek solutions to trade conflicts by deepening ties with European peers via technology partnerships, a Chinese policy adviser said after the European Commission …

TORONTO (Reuters) – Canadian housing starts fell 1% in August compared with the previous month as groundbreaking decreased on multiple-unit projects, data from the national housing agency showed on Monday. …

By Andy Bruce LONDON (Reuters) -The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one the great tightening cycles of …