Business News

By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – Canadian businesses still see inflation running high before edging down slowly, the Bank of Canada said on Friday in a second …

By Marianna Parraga HOUSTON (Reuters) – Negotiators representing Venezuela have held settlement talks with bondholders and creditors owed billions of dollars from defaults and expropriation claims, the head of a …

(Reuters) -Britain’s competition regulator said on Friday that Photoshop owner Adobe’s $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could “reduce …

By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly …

LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts …

BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing …

By Ron Bousso LONDON (Reuters) -Shell’s head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy …

(This June 29 story has been corrected to remove reference to aspartame in Weight Watchers yoghurts in paragraph 6) By Richa Naidu and Savyata Mishra LONDON (Reuters) – Consumers, food …

(Reuters) – Bausch + Lomb said on Friday it would acquire several Novartis eye-care products for $1.75 billion as their market grows, sending the company’s shares up over 8% in …

By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that …

(This June 29 story has been refiled to fix the typo in sub-head to Wagner, not Wager) LONDON (Reuters) – Markets are on the alert to which sectors will buckle …

By Gabriel Araujo SAO PAULO (Reuters) – Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian start-up Eve Air Mobility told …

By Michael S. Derby and Dan Burns (Reuters) -The U.S. Supreme Court’s striking down of President Joe Biden’s student loan forgiveness plan puts nearly half a trillion dollars of debt …

WASHINGTON (Reuters) – The U.S. Federal Trade Commission has filed an amended complaint alleging that Walmart Inc allowed scam artists to use the company’s money transfer services to defraud consumers, …

By Chavi Mehta (Reuters) -Xpeng’s U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla’s Model …

By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of …

BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in …

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a …

By Ismail Shakil and Nivedita Balu OTTAWA (Reuters) -Canada’s economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the …

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the …

FRANKFURT (Reuters) – Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary …

(Reuters) – Constellation Brands first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher pricing and steady demand for its alcoholic beverages. Alcohol manufacturers …

By Katherine Masters and Ananya Mariam Rajesh NEW YORK (Reuters) – Some analysts and investors question Nike’s move to sell its sneakers and clothing through other retailers including Macy’s as …

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers …