Business News

ZURICH (Reuters) – ABB is still confident about the Chinese market despite a weaker than expected post-COVID recovery and does not plan to scale back its investments in the country, …

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group …

By Jonathan Stempel and Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday sued Virtu Financial, a broker-dealer that handles 25% of all market orders placed …

By Tommy Wilkes LONDON (Reuters) – Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures …

By Byron Kaye and Roushni Nair SYDNEY (Reuters) -Australia’s top court on Thursday ruled Qantas Airways broke the law by sacking 1,700 ground staff and replacing them with contractors early …

By Lewis Jackson and Renju Jose SYDNEY (Reuters) – Chevron has asked Australia’s Fair Work Commission (FWC) to intervene in its dispute with workers on strike at two major liquefied …

BEIJING (Reuters) -China’s central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People’s Bank of China (PBOC) said on …

By Naomi Rovnick LONDON (Reuters) -Long-term gloom about Britain’s economy appears to be lifting and some big investors reckon the end of extreme pessimism is near, with gains ahead for …

By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle maker VinFast plans to expand in seven more markets in Asia, including Indonesia where it aims to start deliveries from next year …

By Prerana Bhat BENGALURU (Reuters) -The Federal Reserve will leave its benchmark overnight interest rate unchanged at the end of its Sept. 19-20 policy meeting and probably wait until the …

By Darya Korsunskaya (Reuters) -Russia has significantly raised its inflation forecast for the next two years and expects a much weaker rouble rate against the U.S. dollar, according to macroeconomic …

MOSCOW (Reuters) – Russia’s VTB Bank said on Wednesday that it will launch money transfers in Indian rupees by the end of September. Retail customers will be able to send …

By Francesco Canepa FRANKFURT (Reuters) -The European Central Bank expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a tenth consecutive interest …

SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of Australia showed on Wednesday, a …

A look at the day ahead in European and global markets from Kevin Buckland The marquee event of the week for most in the market is almost upon us: U.S. …

By Deborah Mary Sophia and Siddharth Cavale (Reuters) – Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report …

By Christoph Steitz and Ron Bousso FRANKFURT/LONDON (Reuters) – BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by …

By David Shepardson WASHINGTON (Reuters) – U.S. airlines on Tuesday expressed growing frustration with Federal Aviation Administration air traffic control staffing (ATC) shortages, which have snarled flights and forced regulators …

SEOUL (Reuters) – South Korea’s financial authorities said they would control household debt by tightening certain loan regulations, as rising mortgage demand drove up household borrowing by the biggest amount …

(Reuters) -The U.S. affiliate of crypto giant Binance said its chief executive, Brian Shroder, will leave and that it is cutting more than 100 jobs – roughly a third of …

(Reuters) – The United States and Vietnam agreed on Sunday to upgrade their diplomatic relations in a historic step for the two former foes, paving the way for business deals …

By David Shepardson WASHINGTON (Reuters) -The United Auto Workers union may opt to strike targeted auto plants if they fail to reach new contracts with the Detroit Three automakers before …

By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale inflation slowed in August for the eighth straight month, data showed on Wednesday, offering some relief for households and retailers hit by …

By Stephen Culp NEW YORK (Reuters) – Technology shares pulled Wall Street to a lower close and oil prices soared on Tuesday, as investors looked ahead to key inflation data, …