Business News

BEIJING (Reuters) – China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly …

LONDON (Reuters) – Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500. The world’s largest cryptocurrency has recently found support due to …

SHANGHAI/HONG KONG (Reuters) – Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan …

BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in May, Eurostat said on Thursday, as increased spending on non-food items offset declines for food and automotive fuel. …

By Maiya Keidan TORONTO (Reuters) – Canadian mergers and acquisitions (M&A) volumes picked up in the second quarter driven primarily by some large proposed transactions, but dealmakers are cautious on …

TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in June, the first drop in five months, as the Bank of Canada’s move to restart its interest rate hiking …

By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut …

By Victoria Klesty OSLO (Reuters) -Norwegian Air has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million) as the reborn airline looks to strengthen its position in …

By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank kept benchmark interest rates unchanged on Thursday, as expected, amid signs of moderating growth and easing inflation, with …

By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to …

By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its …

By Maria Martinez BERLIN (Reuters) -German industrial orders rose significantly more than expected in May due to large-scale orders of ships, spacecraft and military vehicles, but analysts said that beyond …

By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax …

By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a …

STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company, …

By Tim Hepher PARIS (Reuters) – Airbus deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. The European planemaker …

(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected …

By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to …

By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates …

A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish …

By Carolina Mandl NEW YORK (Reuters) -European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European …

By Rajesh Kumar Singh, David Shepardson and Diane Bartz CHICAGO (Reuters) -JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow …

By Tyler Clifford and Sharon Bernstein (Reuters) – The Biden administration on Wednesday appealed a federal judge’s ruling restricting some agencies and officials from meeting and communicating with social media …