Business News

By Clara Denina LONDON (Reuters) – Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world’s largest untapped iron ore deposits, …

(Reuters) -Gold miner Newmont Corp said on Monday it has received a clearance from Australia’s Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of …

MUMBAI (Reuters) – The Indian central bank sees stabilising core inflation, which excludes food and fuel prices, as a sign of easing price pressures in the economy. Vegetable prices eased …

By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest …

By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements, has urged investors to hunker down for an extended spell of unpredictability in global …

By Nick Carey and Lisa Baertlein LONDON/LOS ANGELES (Reuters) – A clutch of European and U.S. delivery company startups is racing to serve the growing market for offering zero-emission, electric …

By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an …

By Mathieu Rosemain LONDON (Reuters) -Societe Generale’s shares plunged more than 9% on Monday after France’s third-biggest listed bank said it expected little if any growth in annual sales over …

A look at the day ahead in U.S. and global markets from Mike Dolan Gatecrashed by an alarming backup in crude oil prices, this week’s dominant event may be less …

By Lucinda Elliott MONTEVIDEO (Reuters) – Diego Labat, Uruguay’s central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of …

FRANKFURT (Reuters) – The German economy is likely to shrink this quarter as industry is in recession and private consumption is adding little to growth, the Bundesbank said in a …

POINT PLEASANT, NJ – Peter Cancro, the CEO of the popular sandwich chain Jersey Mike’s, recently aired his concerns over hiring teenage workers in the current labor market. Speaking on …

FRANKFURT (Reuters) – The European Central Bank’s rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and further rate …

By Himanshi Akhand and Rishav Chatterjee (Reuters) -Australia’s Costa Group on Monday said U.S. private equity firm Paine Schwartz Partners had lowered its offer price to buy the company by …

By Kitiphong Thaichareon and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand’s new cabinet approved on Monday higher budget spending of 3.48 trillion baht ($97.64 billion) for fiscal year 2024, along with …

BEIJING (Reuters) – The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank but does little …

(Reuters) -The state of California has sued major oil companies including Exxon Mobil Corp, Shell PLC, and Chevron Corp, accusing them of playing down the risks posed by fossil fuels, …

FRANKFURT (Reuters) -Building permits for apartments in Germany fell 31.5% in July from a year earlier, the statistics office disclosed on Monday, highlighting a slump in demand plaguing the construction …

COPENHAGEN (Reuters) -Swedish defence equipment maker Saab said on Monday the U.S. Department of Defense has expanded a framework deal for AT4 anti-armour systems and Carl-Gustaf ammunition, and placed a …

BEIJING (Reuters) -China’s yuan will stabilise after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively …

(Reuters) -Central banks take centre stage with five of those overseeing the 10 most heavily traded currencies – including the U.S. Federal Reserve – holding rate-setting meetings, plus a swathe …

ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the …

DUBAI (Reuters) – The United Arab Emirates (UAE) saw revenue increase 31.8% in revenue in 2022, its finance minister said on Sunday, supporting an overall fiscal surplus last year. One …

(Reuters) -Shares of New Zealand’s Synlait Milk Ltd hit a record low on Monday after second-largest shareholder a2 Milk said it was cancelling an exclusive manufacturing and supply rights for …

A look at the day ahead in European and global markets from Vidya Ranganathan. The global chip sector is stealing the spotlight from major central banks, after the world’s top …