Business News

By Poonam Behura (Reuters) – Bain Capital-owned Virgin Australia’s Chief Development Officer David Marr, who was assigned to lead the airline’s plans for an eventual initial public offering (IPO), has …

By David Milliken LONDON (Reuters) – Recent labour market data shows a softening economy which is likely to lead to slower wage growth and reduced inflation pressure, Bank of England …

(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no …

TOKYO (Reuters) -Japan’s largest labour organisation Rengo is planning to ask for a total pay hike of more than 5%, including a 3% increase in base salaries, at negotiations in …

By Daniel Leussink TOKYO (Reuters) -Toyota Motor, the world’s biggest automaker by sales, will extend until Wednesday a partial production halt at two domestic assembly plants due to an accident …

By Zeba Siddiqui SAN FRANCISCO (Reuters) – U.S. Senator Michael Bennet on Tuesday sought information on how tech giants Meta, X, TikTok and Google were trying to stop the spread …

By Devjyot Ghoshal and Orathai Sriring BANGKOK (Reuters) -Chinese investment in Thailand has picked up pace this year despite an economic slowdown in the Asian giant, a welcome boost for …

By David Milliken LONDON (Reuters) – Growth in British workers’ regular pay – which is being watched closely by the Bank of England – slowed from a previous record high …

By Nell Mackenzie LONDON (Reuters) – Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, …

By Clare Jim 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 a $15 …

TOKYO (Reuters) – Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida’s cabinet for possible inclusion in an economic package to …

By Luc Cohen NEW YORK -Sam Bankman-Fried directed that money from his Alameda Research hedge fund be used to make political donations after he learned the fund owed $13 billion …

By Samrhitha A (Reuters) -Netflix’s crackdown on password-sharing likely boosted subscribers by about 6 million in the third quarter and the streaming pioneer is expected to set the stage for …

By Yelin Mo and Eduardo Baptista BEIJING (Reuters) -Chinese technology giant Baidu on Tuesday unveiled the newest version of its generative artificial intelligence (AI) model, Ernie 4.0, saying its capabilities …

By Arathy Somasekhar HOUSTON (Reuters) -Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his …

A look at the day ahead in European and global markets from Tom Westbrook Asia carried on Wall Street’s overnight rally but with less enthusiasm while headline news from the …

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s consumer inflation slowed to a two-year low in the third quarter, reducing expectations that the central bank will hike the cash rate further …

By Sarah Wu and Ben Blanchard TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust …

By Byron Kaye SYDNEY (Reuters) – Top Australian companies that backed constitutional recognition of Indigenous people said they respected voters’ rejection of the change but would now take their own …

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki on Tuesday declined to comment on remarks by an International Monetary Fund (IMF) official about currency intervention, and said there …

LONDON (Reuters) – Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute’s global pensions report said on Tuesday, with the Netherlands in …

By Rishav Chatterjee (Reuters) -Rio Tinto reported a rise in quarterly output across its copper and aluminium portfolios on Tuesday, sending its shares 3% higher, even as the miner cut …

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will follow its regional peers and leave its interest rate unchanged on Oct. 19, staying on the sidelines for …

By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep its key policy rate unchanged for a sixth consecutive meeting on Oct. 19 but maintain a hawkish bias …