Business News

SAO PAULO -Brazil’s biggest private-sector lender Itau Unibanco Holding SA said on Thursday 2022 is likely to be a year of lower loan book growth and higher loan-loss provisions, amid …

WELLINGTON – New Zealand’s manufacturing sector saw a reduction in the level of expansion in the first month of 2022, a survey showed on Friday. The Bank of New Zealand-Business …

By David Shepardson WASHINGTON -The Biden administration on Thursday unveiled its plan to award nearly $5 billion over five years to build thousands of electric vehicle charging stations. Congress approved …

By Fergal Smith TORONTO – Canada’s main stock index fell on Thursday but not nearly as much as Wall Street, as its heavy weighting in financial and energy shares helped …

By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON – Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. …

By Davide Barbuscia NEW YORK -The U.S. Federal Reserve should stop buying bonds immediately to contain rampant inflation, a top investment manager at BlackRock said on Thursday, joining a chorus …

By David Shepardson WASHINGTON -Toyota Motor Corp , General Motors Co, Ford Motor and Chrysler-parent Stellantis said they had been forced to cancel or scale back some production at North …

By Pete Schroeder WASHINGTON -The U.S. Federal Reserve announced on Thursday that its 2022 round of large bank stress tests will include a severe decline in commercial real estate prices …

By Herbert Lash NEW YORK – The dollar swung in choppy trade on Thursday after U.S. consumer prices rose higher than forecast in January, leading markets to boost expectations for …

By Elizabeth Culliford – OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said on Thursday. …

TORONTO – The Canadian dollar weakened against the greenback on Thursday as data showing that U.S. inflation soared to a 40-year high in January raised expectations for aggressive interest rate …

By Elizabeth Dilts Marshall NEW YORK – Bank of America Corp is facing a lawsuit seeking class action status filed on Thursday by two customers who say the bank refused …

By Arathy Somasekhar -Oil prices were steady on Thursday as markets weighed the possibility of an aggressive and unforecast rate hike for a steeper rise in energy demand. After rising …

By Valentine Hilaire MEXICO CITY -Cemex’s net profit nearly tripled on lower costs and taxes in the fourth quarter, the Mexican cement maker said on Thursday, as it announced plans …

MEXICO CITY -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as policymakers sought to keep …

WASHINGTON – Toyota Motor Corp said on Thursday it is suspending production through Saturday at its plants in Ontario and Kentucky due to supply issues stemming from trucking protests. The …

– The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in …

By Lucia Mutikani WASHINGTON – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 …

By Jonnelle Marte -U.S. mortgage rates increased to a two-year high last week and could keep rising, a trend which may further squeeze first-time buyers struggling to overcome higher home …

By Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission on Thursday proposed changing the rules of its whistleblower program to make it easier for tipsters to claim bounties. …

By Tina Bellon and Nivedita Balu -Uber Technologies Inc laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on …

By Ann Saphir -St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 …

DAKAR -The European Union has earmarked over 150 billion euros ($170 billion) for investments in Africa under a global fund launched to offer an alternative to Chinese money, the European …

By David Shepardson WASHINGTON -Electric car maker Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of …