Business News

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the commerce ministry on …

(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease …

LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a …

FRANKFURT (Reuters) -Euro zone consumers in May cut their inflation expectations again for the following 12 months, although they still saw prices growing faster than the European Central Bank (ECB) …

(Reuters) -Britain’s new car sales jumped 25.8% year-on-year in June thanks to solid demand for electric vehicles (EV) from businesses and fleet buyers, an industry body said on Wednesday. The …

By David Milliken LONDON (Reuters) – Growth in Britain’s private sector slowed sharply last month, despite businesses facing lower inflation, as higher Bank of England interest rates weighed on demand, …

PARIS (Reuters) – Food inflation in France has started to ease this month and the trend should accelerate in the coming weeks, Finance Minister Bruno Le Maire said on Wednesday. …

BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third …

BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on Wednesday. The HCOB final services …

PARIS (Reuters) – Activity in France’s dominant services sector fell in June for the first time since January, a survey showed on Wednesday, as weak demand added to fears the …

By Uditha Jayasinghe COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the economy, the island’s streets are …

COPENHAGEN (Reuters) -Sweden-based Volvo Cars on Wednesday reported a 33% year-on-year rise in June sales to 66,379 cars, helped by a spike for fully electric cars. The manufacturer, which is …

By Georgina Lee HONG KONG (Reuters) – The yuan has lost nearly 5% of its value against the dollar this year and in recent weeks China’s central bank has begun …

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese firms offered the biggest pay hikes in three decades at this year’s negotiations with workers, the country’s largest trade union group said on Wednesday, …

By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices …

(Reuters) – Australia’s AMP Ltd tanked on Wednesday after the country’s federal court ruled against the wealth manager in class action proceedings that challenged the validity of some of the …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks’ tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker’s dream may …

By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car …

A look at the day ahead in European and global markets from Sonali Desai China’s faltering economic recovery has once again dominated activity in financial markets, dampening risk sentiment and …

By Melanie Burton MELBOURNE (Reuters) – Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow in nickel as it closes …

By Wayne Cole SYDNEY (Reuters) – The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. Here’s a …

By Wayne Cole SYDNEY (Reuters) – With a July policy meeting done and dusted, the head of Australia’s central bank is waiting to hear if he will remain at the …

BEIJING (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum. …