Business News

By David Milliken and William Schomberg LONDON (Reuters) -British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England …

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid …

(Refiles to fix typos in paragraphs 10 and 13) By Echo Wang and Lance Tupper NEW YORK (Reuters) – A flurry of stock sales by companies points to a likely …

By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields …

FRANKFURT (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after …

PARIS (Reuters) -Airbus has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, …

By Chen Lin and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC …

(Adds graphic) By Aditi Shah and Tim Hepher NEW DELHI/PARIS (Reuters) – Record plane orders by India’s top two carriers show the country’s untapped potential for air travel and its …

LONDON (Reuters) -Italian yacht maker Ferretti, pursuing an additional listing of shares in Milan, started taking stock orders from investors on Wednesday, as the luxury sector defies a tough economic …

By Bharath Rajeswaran BENGALURU (Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many of them trade at near or …

By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter …

By William Schomberg LONDON (Reuters) – British inflation defied forecasts of a fall in May and stayed far above price growth in the United States and elsewhere in Europe, pressuring …

(Reuters) – BMW’s strong ties with China are a “win-win” as the car industry shifts towards greener, more connected vehicles, said CEO Oliver Zipse after Chinese Premier Li Qiang visited …

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Investors on Wednesday ramped up bets on the Bank of England raising interest rates by a hefty half a percentage point …

(This June 20 story has been corrected to change share repurchase figure to $2 billion, from $2 million, in paragraph 10) (Reuters) – FedEx, which is slashing costs to protect …

By Hyunjoo Jin and Shivangi Acharya SAN FRANCISCO/NEW DELHI (Reuters) -Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a “significant …

A look at the day ahead in U.S. and global markets from Mike Dolan The Fed chair has a tricky message to communicate. Jerome Powell’s testimony to Congress later on …

By Davide Barbuscia NEW YORK (Reuters) – An expected surge in Treasury bill issuance could throw a wrench into the gears of hedge fund trades that have resulted in record …

TOKYO (Reuters) -Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings will start talks to set up a battery supply partnership for electric vehicles (EVs), the companies said …

BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting …

By Tom Käckenhoff DUESSELDORF (Reuters) – Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, according …

PARIS (Reuters) – Air France-KLM’s engineering and maintenance business is targeting a return to 2019 levels of operating profit in 2024, despite higher working capital, Anne Brachet, EVP of the …

By Lewis Jackson SYDNEY (Reuters) -The chair of an Australian senate committee looking into PricewaterhouseCoopers’ leak of a confidential government tax plan has called for an international investigation into the …

By Selena Li HONG KONG (Reuters) – JPMorgan Chase & Co has in a new round of downsizing cut around 20 investment banking jobs in Asia, a source with direct …

By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with a local partner in the …