Business News

(Corrects story and headline to say makers pledge $11.3 billion, not $14.3 billion for lithium iron phosphate plants) By Paul Lienert (Reuters) – Interest and investment in lithium iron phosphate …

(This June 22 story has been corrected to say makers pledged more than $11 billion, not $14 billion, in paragraph 3) By Paul Lienert DETROIT (Reuters) – As the auto …

(Reuters) -Thyssenkrupp and Industrie De Nora pushed ahead with the planned initial public offering (IPO) of their hydrogen joint venture Thyssenkrupp Nucera on Friday, setting the price range at the …

By Shreyashi Sanyal, Bansari Mayur Kamdar (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher …

By Ashitha Shivaprasad (Reuters) – Palladium could extend this year’s near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal at …

By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. …

By Libby George LONDON (Reuters) -Foreign investors hoping for a game-changing rate hike from Turkey’s newly appointed central bank chief said Thursday’s disappointing move to a key rate of just …

By Andrew Chung and John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc’s bid to halt customer lawsuits while it pursues appeals …

By Gibran Naiyyar Peshimam KHUIRATTA, Pakistan-administered Kashmir (Reuters) – Hameed Iqbal Bhatti had prospered over two decades working in Saudi Arabia, but after returning to Pakistan three years ago, he …

By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) -PricewaterhouseCoopers Australia is looking to sell its government, education and healthcare practice to private equity firm Allegro Funds, according to a person …

COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Friday it had signed an agreement to sell its Russian business but did not name the buyer or the agreed price for the …

By Jonathan Stempel (Reuters) – Home Depot has agreed to pay $72.5 million to end a long-running class-action lawsuit alleging the largest U.S. home improvement retailer underpaid workers in California. …

By Richa Naidu and Sybille de La Hamaide LONDON/PARIS (Reuters) -Danone and Kellogg are among 75 consumer goods companies that French authorities have asked to cut prices, according to a …

By Kylie MacLellan, Lawrence White and Muvija M LONDON (Reuters) -British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to …

By Kannaki Deka (Reuters) -CarMax Inc said on Friday that vehicle affordability remains a challenge due to high interest rates and low consumer confidence, but cost cuts helped the used-car …

(Reuters) – Southwest Airlines said on Friday it had reached a tentative agreement with the union representing the company’s mechanics and related employees. The Aircraft Mechanics Fraternal Association (AMFA), which represents …

(Reuters) -Hong Kong’s Cathay Pacific Airways on Friday forecast its first half-year profit in three years, buoyed by a strong rebound in travel demand and one-off gain from a stake …

By Dan Burns (Reuters) – U.S. business activity fell to a three-month low in June as services growth eased for the first time this year and the contraction in the …

By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given …

(Reuters) – New vehicle sales in the United States are seen to rise in June, according to a joint forecast from J.D. Power and GlobalData, as automakers are able to …

TOMS RIVER, NJ – Target is facing nationwide criticism for selling LGTBQ pride-themed merchandise and has been pulling the item from some stores due to consumer backlash. This week, Governor …

KYIV (Reuters) – The European Bank for Reconstruction and Development will provide a 50-million-euro ($54 million) loan to one of Ukraine’s biggest banks, state-owned Ukreximbank, under an agreement signed on …

(Reuters) – U.S. equity funds recorded their biggest outflows in 12 weeks for seven days ended June 21 as the Federal Reserve’s hawkish stance sparked worries of more rate hikes …

ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets …

FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany’s …