Business News

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient U.S. labor market reduced the outlook for how long the …

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added the fewest jobs in 2-1/2 years in June, but persistently strong wage growth pointed to still-tight labor market conditions that …

By Jonathan Stempel (Reuters) – Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter …

By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the …

(Reuters) – A U.S. court of appeals on Friday rejected Venezuela’s bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to …

By Julie Zhu and Jane Xu HONG KONG (Reuters) -Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of …

By Andrea Shalal and Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized its recent tough actions against U.S. …

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Acting U.S. Labor Secretary Julie Su said on Friday she does not see a need at this stage to step in to …

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes …

(Reuters) – The U.S. Senate Banking Committee will vote on Wednesday on whether to advance President Joe Biden’s pick for the Federal Reserve’s next vice chair, current Fed Governor Philip …

By David Shepardson WASHINGTON (Reuters) -The United Auto Workers union on Friday called on the Biden administration to soften its proposed vehicle emissions cuts that would require 67% of new …

By David Carnevali and Mike Stone NEW YORK (Reuters) – Private equity firms Blackstone Inc and Veritas Capital Fund Management LLC are competing against large defense companies to acquire the …

WASHINGTON (Reuters) – Wall Street’s top regulator is due to vote next week on proposed changes aimed at helping control systemic risk in the money market and large liquidity fund …

By Yuvraj Malik (Reuters) – Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three …

By David Shepardson WASHINGTON (Reuters) – The United States Postal Service (USPS) is hiking the price of first-class mail stamps to 66 cents from 63 cents effective Sunday. This is …

By David Shepardson WASHINGTON (Reuters) -Tesla wants the Biden administration to finalize more stringent vehicle emissions limits than those proposed in April by the Environmental Protection Agency (EPA), putting the …

By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks …

By Maria Carolina Marcello and Gabriel Araujo BRASILIA (Reuters) -Brazil’s lower house of Congress approved on Friday the main text of a tax reform that will restructure the country’s complex …

By Chibuike Oguh NEW YORK (Reuters) -Shares of Rivian Automotive surged more than 18% on Friday as it continued to rally after the electric vehicle (EV) maker reported better-than-expected quarterly …

PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to …

(Reuters) – A clearer outlook on the United States’ monetary policy cycle, economic policy adjustments and fewer energy price shocks make for more stable credit conditions for sovereigns across Europe, …

By Abhijith Ganapavaram (Reuters) -U.S. private equity firm 777 Partners has said it is in talks with Boeing Co and Franco-Italian turboprop maker ATR over a new jet order, as …

By Dietrich Knauth NEW YORK (Reuters) – Bankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it …

By Howard Schneider WASHINGTON (Reuters) -The U.S. added fewer jobs than anticipated in June but still-strong wage growth and a slight drop in the unemployment rate will likely keep the …

LONDON (Reuters) – More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in …