Business News

By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of Credit Suisse employees had left before the bank sealed its …

BRASILIA/SAO PAULO (Reuters) – Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had cited as a cause for …

By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still running hot, which forced the central bank to crank its …

By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to …

(This story has been corrected to change the dateline to June 12) (Reuters) – Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, …

LONDON (Reuters) – Global miner Glencore, Chrysler parent Stellantis and Volkswagen’s battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy …

By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd, but costly livestock regulations, flagging demand and spreading swine disease …

By Paritosh Bansal (Reuters) -‘De-risk, not decouple’ are the new buzzwords for Western policy toward China, drawing skepticism from Beijing about whether there is any difference between the two. For …

LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies’ …

SHANGHAI (Reuters) -Nio said on Monday it would lower prices for all its models and end free battery swapping services to new buyers, as the Chinese electric vehicle maker faces …

LONDON (Reuters) -Prime Minister Rishi Sunak said on Monday Britain could be the global home of artificial intelligence regulation as he pitched London as a tech hub to industry leaders …

ZURICH (Reuters) – UBS followed up the announcement it had closed the takeover of stricken rival Credit Suisse on Monday with a raft of management changes. Here are the highlights: …

MADRID (Reuters) – Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved …

By Ananya Mariam Rajesh (Reuters) – Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious …

By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever …

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge …

(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a …

(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major …

By Sam Nussey TOKYO (Reuters) -The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him “quite optimistic” about prospects for global coordination on …

BEIJING (Reuters) – China firmly opposes U.S. inclusion of two more companies, and some of their units, on a list of entities accused of alleged human rights abuses, the commerce …

By Jessica DiNapoli NEW YORK (Reuters) -Ahold Delhaize has hit “roughly half” its goal to grow revenue from businesses beyond grocery stores to 1 billion euros by 2025, CEO Frans …

ZURICH (Reuters) – Swiss financial regulator FINMA has specified the central elements of its regulatory requirements for the merged UBS and Credit Suisse, it said on Monday. The regulator also …

BERLIN (Reuters) – The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday. “We expected economic growth of 0.4% for this year …

SINGAPORE (Reuters) – Singapore lender DBS Group is stepping up its focus on the business of family offices, where its assets have surged in the last two years. Southeast Asia’s …

(Reuters) -Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an interview …