Business News

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a …

By Friederike Heine and Jan Schwartz BERLIN (Reuters) – Swiss-based MSC, the world’s biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port …

By Joanna Plucinska, Toby Sterling and Rajesh Kumar Singh LONDON (Reuters) – Airlines around the world are facing scrutiny from advertising and consumer agencies, regulators, and courts over allegedly making …

By Davide Barbuscia NEW YORK (Reuters) – Researchers at the Federal Reserve have issued warnings in recent weeks about possible disruptions in U.S. Treasuries due to the return of a …

BERLIN (Reuters) – MTU Aero Engines will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems …

(Reuters) – J.P.Morgan Asset Management said on Wednesday it expects no further interest rate hikes from the U.S. Federal Reserve in this cycle, after crucial inflation data appeared to remain …

By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) -European shares closed lower on Wednesday, with industrials leading declines and BP shares falling after the oil firm CEO’s abrupt exit, while …

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union producers against cheaper Chinese electric vehicle (EV) …

BERLIN (Reuters) -The German government will downgrade its economic forecast for this year to a contraction of as much as 0.3%, Bloomberg News reported on Wednesday, citing a person familiar …

By Alexander Marrow (Reuters) -The rouble weakened on Wednesday, heading back past 96 to the dollar and well away from the near six-week high hit in the previous session, as …

(Reuters) -Philip Jefferson on Wednesday took the oath of office as the Federal Reserve Board’s new vice chair, the U.S. central bank said, as policymakers gear up for an interest-rate-setting …

BERLIN (Reuters) -Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported …

By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major’s top job for …

(Reuters) – SpaceX’s satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, …

FRANKFURT (Reuters) -Germany’s Claudia Buch was picked on Wednesday to head the European Central Bank’s supervisory arm, overseeing a 26 trillion euro banking sector that must now adjust to a …

(Reuters) – Three U.S. carriers on Wednesday cut their third-quarter margin forecasts on higher fuel costs, sending shares of other airlines in the country lower over concerns related to rising …

(Reuters) – Billionaire investor and fund manager Ron Baron said on Wednesday he owned more than $1 billion worth of shares in Elon Musk’s rocket company SpaceX, in an interview …

FRANKFURT (Reuters) – The European Central Bank’s new chief supervisor, Claudia Buch, is a German central banker and scholar whose mild manner belies a willingness to take tough decisions, former …

By Yelin Mo and Brenda Goh BEIJING (Reuters) -Apple’s iPhone 15 drew mixed reactions in its third largest market of China on Wednesday, with many online users liking its faster …

NEW YORK (Reuters) – U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise …

WASHINGTON (Reuters) – The International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 for the second year in a …

By Ernest Scheyder PITTSBURGH (Reuters) – The mining industry is working to boost freshwater recycling while also developing direct lithium extraction (DLE) technologies as it races to reinvent how the …