Business News

(Reuters) -Chrysler-parent Stellantis is canceling its presentation at technology show CES slated for January 2024 due to the ongoing United Auto Workers (UAW) strike in the U.S. “As the costs …

By Priyamvada C (Reuters) -U.S. budget hotel operator Wyndham Hotels and Resorts on Tuesday rejected rival Choice Hotels’ $7.8 billion cash-and-stock acquisition offer, calling it “underwhelming” and citing regulatory risks …

(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear how that will affect …

MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require additional monetary policy tightening, according to a review by central …

TORONTO (Reuters) -Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This …

By Alexandra Alper WASHINGTON (Reuters) – The Biden administration’s latest round of export curbs on China is part of a two-pronged strategy aiming to halt Beijing’s technological advances over fears …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist hedge fund Starboard Value’s CEO Jeff Smith said on Tuesday that Rupert Murdoch’s News Corp is trading at a big discount to the …

By Svea Herbst-Bayliss NEW YORK (Reuters) – Two executives who helped make recommendations in some of America’s biggest proxy contests and contested mergers left BlackRock and Institutional Shareholder Services (ISS) …

LONDON (Reuters) – The World Trade Organization is launching a task force to create a methodology to determine global carbon prices to ensure that plans to tax imports based on …

By Svea Herbst-Bayliss and David French (Reuters) -Nelson Peltz’s activist hedge fund Trian Fund Management has built a stake in Allstate Corp, one of the insurers struggling to cope with …

MEUDON, France (Reuters) – Stellantis plans to base seven models on a fifth, low-cost platform, an executive for the automaker said on Tuesday, as it prepares to compete against an …

(Reuters) – U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News reported on Tuesday, citing people …

By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as …

(Reuters) -Lucid Group posted a nearly 4% rise in third-quarter deliveries on Tuesday compared to the prior three months, benefiting from a special lower price to promote the sale of …

(Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. …

By Sarah Young LONDON (Reuters) -Rolls-Royce said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest …

(Reuters) – The Federal Reserve will meet Oct. 24 to discuss final rules updating requirements for fair lending by banks under a long-standing law, the central bank announced Tuesday. The …

AMSTERDAM (Reuters) – ASML, a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not expect any short-term financial impact from newly updated guidance on U.S. …

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the U.S. central bank still has time to decide on …

By Clare Jim and Xie Yu HONG KONG (Reuters) -Country Garden’s entire offshore debt will be deemed to be in default if China’s largest private property developer fails to make …

ABUJA (Reuters) -Nigeria’s naira hit a record low of 980 per dollar on the official market on Tuesday, Refinitiv data showed, mirroring weakness on the parallel market, as persistent dollar …

JOHANNESBURG (Reuters) – South Africa’s central bank said on Tuesday that upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation. The …

WASHINGTON (Reuters) – U.S. business inventories increased a bit more than expected in August even as sales surged, suggesting inventory investment could provide a lift to economic growth in the …