Business News

By Casey Hall SHANGHAI (Reuters) – Chinese luxury liquor-maker Kweichow Moutai is again looking to diversify from its fiery baijiu spirit core business to attract a new generation of consumers …

A look at the day ahead in European and global markets from Tom Westbrook The European Central Bank sets interest rates later today and traders figure we are at or …

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new Economy Minister Yoshitaka Shindo said on Thursday that positive signs were emerging in output gaps and other areas for the economy to …

By Navya Mittal and Echha Jain (Reuters) – National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were …

JAKARTA (Reuters) – Indonesia’s trade surplus in August likely widened slightly from a month earlier amid falling imports, even as exports were expected to remain weak, a Reuters poll showed …

SEOUL (Reuters) – South Korea’s central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and …

By Kantaro Komiya TOKYO (Reuters) -Japan’s core machinery orders fell more than expected in July, as manufacturers balk at new investments in the face of sluggish global growth and weakness …

BEIJING (Reuters) -Chinese President Xi Jinping and Venezuelan counterpart Nicolas Maduro have signed bilateral cooperation agreements in areas such as economy, trade and tourism, state broadcaster China Central Television (CCTV) …

By Stephen Culp NEW YORK (Reuters) – U.S. stocks advanced and U.S. Treasuries oscillated within a tight range on Wednesday after data showed underlying inflation remained on its slow, downward …

By David Dolan TOKYO (Reuters) – Some 44% of Japanese companies see extreme weather events around the globe hitting earnings, a Reuters survey showed, highlighting the impact of scorching heat …

(Reuters) – Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp, the financial products provider said on Wednesday, seeking to …

(Reuters) – Private equity giant Apollo Global Management is among the potential suitors seeking to acquire International Game Technology’s global gaming division, Bloomberg News reported on Wednesday. IGT’s gaming unit …

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of HP, undoing part of what has been a large, unsuccessful …

By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Citigroup will strip out a layer of management and cut jobs in a sweeping reorganization that will give CEO Jane Fraser …

By Tatiana Bautzer NEW YORK (Reuters) – Citigroup chief executive Jane Fraser’s move on Wednesday to strip out a layer of top management, cull jobs and take more control of …

By Siyi Liu, Pratima Desai and Julian Luk BEIJING/LONDON (Reuters) -The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge …

TORONTO (Reuters) – A U.S. probe into Toronto-Dominion Bank’s anti-money laundering compliance program is “manageable, the bank’s head of U.S. retail operations said on Wednesday. TD, Canada’s second largest lender, …

By Deborah Mary Sophia (Reuters) -Starbucks said former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company he helped transform into a …

LONDON (Reuters) – British house prices showed the most widespread falls in 14 years in August as demand weakened against the backdrop of elevated mortgage costs and economic uncertainty, an …

By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs fired several executives in its transaction banking unit after they violated the firm’s communications policy, according to a memo seen by …

(Reuters) – A U.S. Senate committee will meet next week to consider President Joe Biden’s nomination of Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill …

By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday after data showing a moderate increase in consumer prices in August cemented expectations …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are poised for a positive open on Thursday …

By Echo Wang and Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp’s chip designer Arm Holdings Plc priced its U.S. initial public offering (IPO) at $51 per share on …

By Patrick Wingrove (Reuters) -Moderna on Wednesday said its flu vaccine had generated a stronger immune response against all four A and B strains of the influenza virus compared to …