Business News

(Reuters) -Meta Platforms is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, …

ISTANBUL (Reuters) – Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside the budget, including from privatisation, and that quantative tightening will be carried …

By Brenda Goh SHANGHAI (Reuters) -China’s Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the …

BEIJING/SHANGHAI (Reuters) -China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time …

By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers …

BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s biggest economy. Germany’s gross domestic …

BEIJING (Reuters) – Western sanctions against Russia are boosting demand for China-made cars, and this surge could continue as long as these sanctions remain in place, an executive with China’s …

By Amruta Khandekar and Shubham Batra (Reuters) -European shares hit a one-week high on Monday, buoyed by data indicating signs of stabilisation in the Chinese economy, while traders braced for …

BEIJING (Reuters) -Two major cities in eastern China lifted all curbs on home purchases and selling on Monday, joining several other cities in dropping restrictions to attract buyers and revive …

(Reuters) -The White House said on Monday that Vietnam Airlines’ deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion. The statement confirms the deal …

By Kevin Yao BEIJING (Reuters) -New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth …

SINGAPORE (Reuters) -Capital A Berhad, parent of Malaysian budget airline AirAsia, expects to see the carrier’s operations returning to pre-pandemic levels by December, Capital A CEO Tony Fernandes told Reuters …

By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully …

By Jamie McGeever ORLANDO, Florida (Reuters) -If Federal Reserve officials want U.S. financial conditions to tighten enough to cool the economy and inflation without triggering a deep recession, they’re getting …

LONDON (Reuters) -It’s a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, …

PARIS (Reuters) – French lender Societe Generale and asset manager Brookfield Corp plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the …

By Xie Yu HONG KONG (Reuters) -Embattled developer Country Garden faces a new round of voting by creditors to extend several debt maturities on Monday, having avoided default at the …

By Yantoultra Ngui SINGAPORE (Reuters) – The idea that investment opportunities in China have met their demise is probably overhyped, said Jenny Johnson, president and chief executive officer at global …

KUALA LUMPUR (Reuters) – Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation’s previous target, Prime Minister Anwar Ibrahim said …

By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old teacher, and …

By Joice Alves LONDON (Reuters) – European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, …

By Yoruk Bahceli and Stefano Rebaudo (Reuters) – For a year European Central Bank interest rate hikes were a done deal for markets, but that phase is over with investors …

By Helen Reid and Corina Pons LONDON/MADRID (Reuters) – Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a …

A look at the day ahead in European and global markets from Kevin Buckland A light calendar for Europe today means markets are likely to take their cues from Asia, …

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