Business News

By Ece Toksabay and Nevzat Devranoglu ANKARA (Reuters) -The World Bank’s Turkey director said on Thursday that the economy was heading in the right direction but there was more to …

NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely …

(Reuters) – Bristol Myers Squibb said on Thursday it plans to double the number of treatments it is testing in clinical trials, with a focus on cell therapies, over the …

FRANKFURT (Reuters) – The European Central Bank cut its growth projections for the next two years while lifting some of its inflation forecasts, raising the spectre of stagflation, a period …

SAO PAULO (Reuters) – Brazilian retailer Casas Bahia raised 622 million reais ($126.53 million) in a share offering, the company said on Thursday. Casas Bahia, formerly known as Via, priced …

FRANKFURT (Reuters) – The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done …

BEIJING (Reuters) -China’s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity …

By Lananh Nguyen NEW YORK (Reuters) – Two weeks before Peter Orszag takes the helm as CEO of Lazard, he is already setting an ambitious goal for the investment bank …

By Elizabeth Howcroft LONDON (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a …

By Clyde Russell LAUNCESTON, Australia (Reuters) -The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world’s top …

By Anshuman Daga, Yantoultra Ngui and Fanny Potkin SINGAPORE (Reuters) – DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China’s economy was not “overdone” but he was …

BERLIN (Reuters) – The city of Hamburg’s economy authority said there was no counter offer on the table from billionaire logistics investor Klaus-Michael Kuehne for a majority stake in the …

(Reuters) -Citigroup now expects the U.S. Federal Reserve to raise its key interest rate by 25 basis points (bps) in November, compared with its previous forecast of a September hike. …

By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank could cut its base rate to 10-11% by the end of the year from 13%, a rate-setter told …

By Joe Cash BEIJING (Reuters) – The European Union should ensure its plans to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement …

By David Milliken LONDON (Reuters) – Britain reported an annual rise of 14% in missed bill payments last month for their second highest rate on record, figures on Thursday showed, …

By Nikunj Ohri NEW DELHI (Reuters) – India’s market borrowing could be less than expected for the current fiscal year if small savings are more than projected, Economic Affairs Secretary …

(Reuters) – Volkswagen is cutting back planned staffing at its all-electric plant in Zwickau, Germany and adjusting shift work due to “market conditions”, a spokesperson said on Tuesday. The carmaker …

By Norihiko Shirouzu AUSTIN, Texas (Reuters) – Tesla has combined a series of innovations to make a technological breakthrough that could transform the way it makes electric vehicles and help …

By Miguel Lo Bianco and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation rate shot up to 124.4% in August and hit its highest level since 1991, stoking a painful …

By Chris Taylor NEW YORK (Reuters) – Even if Yeardley Smith does not ring a bell, you certainly know her iconic voice – of Lisa Simpson, the middle child and …

A look at the day ahead in U.S. and global markets by Alun John U.S. retail sales numbers and PPI are Thursday’s chance to gauge the health of the world’s …