Business News

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim …

BERLIN (Reuters) – Germany was set to raise its minimum wage by 3.4% to 12.41 euros ($13.53) an hour from 2024, based on the proposals of government-appointed commission on Monday, …

(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional …

Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency meeting on Monday, a day after the country revised its …

By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft of target price cuts and rating downgrades in the wake …

By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. …

(Reuters) – Spirit Aerosystems said on Monday it had held “constructive and positive meetings” with the U.S. machinists union through the weekend, indicating progress in negotiations for a new contract. …

BEIJING (Reuters) -S&P Global cut its forecast for China’s economic growth this year, underscoring the uneven nature of the country’s recovery from the pandemic which is spurring calls for further …

MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the 4% target, S&P Global Ratings …

(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union ver.di said. …

By Marion Giraldo MEXICO CITY (Reuters) – Latin America’s major central banks, which have led some of the most aggressive tightening over the last two years, may now be poised …

BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off …

MANILA (Reuters) – The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of budgetary support for policy reforms …

By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) -The Turkish lira slid as much as 3% to a record low against the dollar on Monday, after the central bank took …

LONDON (Reuters) – British retail sales fell again in June as household finances were squeezed by the rising cost of living but stores expected sales volumes to stabilise next month, …

MEXICO CITY (Reuters) – A stubborn surge of inflation has led central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest …

BERLIN (Reuters) – Recession in Germany is expected to end in the spring quarter, the Bundesbank said in its monthly report on Monday, adding that gross domestic product would “rise …

A look at the day ahead in U.S. and global markets from Mike Dolan. More perplexed by events than anything else, world markets stayed relatively calm on Monday after a …

By Paritosh Bansal (Reuters) -In the early 2000s, Maryann Bruce and other senior women executives at Wachovia bank formed an affinity group called the Women of Wachovia. Within three years, …

BEIJING (Reuters) – Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm …

By Patturaja Murugaboopathy (Reuters) – Dealmaking by private equity firms hit its lowest in four years, under pressure from high interest rates, recession fears, and a weak outlook for corporate …

(Reuters) -SolarWinds said on Friday some of its former and current executives had been issued a Wells notice by the U.S. Securities and Exchange Commission over a massive 2020 data …

By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by …