Business News

BERLIN (Reuters) – Volkswagen’s supervisory board will meet on Tuesday to discuss a planned savings programme ahead of its capital markets day on June 21, two sources close to the …

(Reuters) – TC Energy said it completed the shutdown of two compressor stations on the NOVA Gas Transmission Ltd. (NGTL) System and a gas storage facility on Saturday that were …

LONDON (Reuters) – Britain’s economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body …

LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come …

TAIPEI (Reuters) – Taiwan’s central bank is expected to leave its policy rate unchanged this week, according to most economists polled by Reuters, as inflationary pressures ease and the island’s …

COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for products to treat serious chronic diseases, the company …

LONDON (Reuters) -The Bank of England may need to raise interest rates more than once from their current level of 4.5% to bring inflation under control, Monetary Policy Committee member …

(Reuters) – It’s a week of meetings of central bank heavies, with the U.S. Federal Reserve, European Central Bank and Bank of Japan all due to announce decisions. The Fed …

By Tomasz Janowski, Oliver Hirt and John Revill ZURICH (Reuters) – With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that the government-orchestrated …

By Joice Alves LONDON (Reuters) – European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of …

By Ludwig Burger and Patricia Weiss HAMBURG (Reuters) -BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for …

By Yoruk Bahceli and Stefano Rebaudo (Reuters) – Another quarter percentage-point rate hike from the European Central Bank looks like a done deal on Thursday, but the key question for …

By Howard Schneider, Leika Kihara, Balazs Koranyi and William Schomberg (Reuters) – Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the …

BEIJING (Reuters) – China’s property sector is expected to grapple with “persistent weakness” for years, Goldman Sachs analysts said, adding that its problems would continue to drag on the country’s …

(Reuters) -Entities backed by Singapore’s Temasek and Chinese investment firm HighLight Capital agreed to a deal worth 1.06 billion yuan ($148.7 million) for stakes in a unit of VIVA Biotech …

A look at the day ahead in European and global markets from Ankur Banerjee After surprise interest rate hikes from the Reserve Bank of Australia and Bank of Canada, investors …

(Reuters) – Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates …

By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Asian markets will turn their attention to a series of central bank meetings …

BEIJING (Reuters) – Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on …

By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Iraq’s parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing …

By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed for a fifth consecutive month in May because of sliding fuel and commodity prices, data showed on Monday, a sign cost-push …

By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate …

By Andres Gonzalez and Corina Pons LONDON/MADRID (Reuters) -Morgan Stanley Infrastructure Partners is poised to buy Sacyr’s Valoriza Servicios Medioambientales in a deal that could value the unit at close …

(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial …

GDANSK (Reuters) -Poland’s biggest video game producer CD Projekt will release a highly-anticipated expansion to its flagship game Cyberpunk 2077 called “Phantom Liberty” on Sept. 26, the company announced during …