Business News

By Sergio Goncalves LISBON (Reuters) -Declines in the international market prices of raw materials, energy and foods will need to start making their mark on consumer goods or interest rates …

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among …

FRANKFURT (Reuters) -European Central Bank policymakers lined up behind plans to raise interest rates again next month, but views diverged on policy further down the road as underlying inflation remained …

TOKYO (Reuters) -Japan raised support for the production of storage batteries to up to $2.2 billion, the government said, pledging nearly $1 billion in new subsidies for Toyota and other …

By Johannes Birkebaek COPENHAGEN (Reuters) – Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners …

(Reuters) – U.S. equity funds saw their most substantial weekly net purchases since early 2021 during the seven days leading up to June 14, as concerns over a potential rate …

By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22, its …

(Reuters) -GSK Plc said on Friday the U.S. Food and Drug Administration (FDA) has extended the review period by three months for a drug the British drugmaker gained through its …

By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider …

BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a post-COVID recovery was faltering in the world’s second-largest …

SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals to develop 70 hectares (172 acres) of former farmland that …

By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – Global aerospace and defence companies will tout the cleaner transport and robotic weapons of the future as …

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is expected to cut its key one-day deposit rate again next week, a Reuters poll showed, as inflation cooled more than …

By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors will be keen on knowing whether those actions have helped …

By Samuel Indyk LONDON (Reuters) – Investors bought stocks and took money out of cash funds in the week to Wednesday, as individual investor sentiment hit a 19-month high, BofA …

By Josh Ye HONG KONG (Reuters) -China’s tech firm Baidu Inc said on Friday that it has obtained a commercial licence from regulators for its driverless ride-hailing service in parts …

By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx, MasterCard and Adobe during his trip …

By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well assume interest rates are being cut. Of course, they are …

BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the …

By Jan Strupczewski BRUSSELS (Reuters) – France and Germany clashed on Friday over how to reform the European Union’s fiscal rules and both claimed they had the backing of many …

By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, …

By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their …

By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies …

(Reuters) – Global equity funds witnessed their largest inflow in 12 weeks, as stocks surged on expectations that subdued U.S. inflation data would prompt the Federal Reserve to pause rate …

BRUSSELS (Reuters) – Euro zone consumer inflation sharply decelerated in May, the European Union’s statistics office confirmed on Friday, with the core price growth measure, watched closely by the central …