Business News

By Krystal Hu and Yuvraj Malik (Reuters) -Microsoft’s LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of …

By Sachin Ravikumar LONDON (Reuters) – Britain and South Korea have agreed to extend a period of low or zero tariffs on bilateral trade of products with parts from the …

By Jaiveer Shekhawat (Reuters) -Charles Schwab’s third-quarter profit edged past Wall Street estimates on Monday as strong growth in its asset management business more than made up for a fall …

BERLIN (Reuters) – German wholesale prices fell for the sixth month in a row in September due to lower prices for mineral oil products, data from the federal statistics office …

SHANGHAI (Reuters) – Dozens of China-listed companies announced plans on late Monday to buy back shares or scrap plans of stock selling, following a slew of measures authorities took to …

(Reuters) – Drugstore chain Rite Aid is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis. Opioid drugs have …

(Reuters) – Moderna on Monday reaffirmed its forecast of $6 billion to $8 billion in COVID vaccine sales for the year, after rival Pfizer slashed forecast for its vaccine last …

By Michael Erman, Ludwig Burger and Manas Mishra (Reuters) -Pfizer set off a fresh round of concern about the size of the U.S. COVID-19 vaccine and treatment market in the …

(Reuters) – Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in …

By Andrea Shalal LUXEMBOURG (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said support for Ukraine remained a “top priority” for the United States and Europe, calling it crucial …

By Felix Onuah ABUJA (Reuters) -Nigeria’s cabinet has approved proposed borrowing of $1.5 billion from the World Bank, its finance minister said on Monday. Olawale Edun, who is also coordinating …

By Davide Barbuscia NEW YORK (Reuters) – Long-term U.S. Treasury yields may still have room to rise but they could swing in both directions in the near term as inflation …

LONDON (Reuters) -Absolut Vodka and lemonade drinkers will soon be able to sip their preferred cocktail from a can, after drinks makers Pernod Ricard and Coca-Cola agreed to a pre-mixed …

By Alexandra Valencia QUITO (Reuters) -Business heir Daniel Noboa will face significant challenges as he seeks to revive Ecuador’s battered economy and tackle rising crime during a truncated 17-month presidential …

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -More Canadian firms see inflation easing over the next two years than in the previous quarter, while the business outlook fell to …

(Reuters) – Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from …

By Savyata Mishra (Reuters) -Most Wall Street brokerages, including J.P.Morgan and Goldman Sachs, kicked off coverage on Instacart with a bullish view, betting on the grocery delivery app’s growth amid …

(Reuters) – BlackRock Investment Institute on Monday raised the rating of long-dated U.S. Treasuries to “neutral” from “underweight” as it sees yields approaching a peak. “We now see about equal …

(Reuters) -Shares of Manchester United fell about 10% on Monday after reports that British billionaire Jim Ratcliffe is looking to acquire a 25% stake in the soccer club raised concerns …

COPENHAGEN (Reuters) – Novo Nordisk has agreed to buy ocedurenone, a drug for uncontrolled hypertension with potential application in cardiovascular and kidney disease, from KBP Biosciences for up to $1.3 …

(Reuters) – The global smartphone market contracted by 8% to its lowest third-quarter level in a decade on subdued demand for major brands including Apple and Samsung in most developed …

By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Monday the current level of interest rates has nearly killed off access to the …

By Philip Blenkinsop BRUSSELS (Reuters) – The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs …

(Reuters) – A rally in the S&P 500 in the fourth quarter of 2023 “is more likely than not”, Morgan Stanley’s Michael Wilson said in a note. Wilson and other …

(Reuters) -WeWork on Monday named interim Chief Executive David Tolley as its CEO, tasking the former Blackstone executive with turning around the flexible workspace provider’s ailing business. WeWork’s shares were …