Business News

By Aditya Soni and Hyunjoo Jin (Reuters) -Tesla shares closed 4% higher on Friday after General Motors joined Ford in agreeing to use its electric-vehicle charging network, a big win …

(Reuters) – Onex Corp’s WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots Association International (ALPA) …

(Reuters) – Daily U.S. sign-ups for Netflix have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm …

PARIS (Reuters) -France’s finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as Airbnb, Finance Minister Bruno Le Maire said on Friday. Many …

By Karen Brettell NEW YORK (Reuters) – The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve’s interest rate decision next week for …

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan presented its federal budget for the next fiscal year, one of three measures the International Monetary Fund (IMF) will gauge before releasing …

By Katherine Masters NEW YORK (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, …

By Shariq Khan BENGALURU (Reuters) – Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to …

By Elizabeth Howcroft, Hannah Lang and Rae Wee (Reuters) -The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some …

(Reuters) – Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the …

By Benoit Van Overstraeten and Leigh Thomas PARIS (Reuters) -French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he …

LONDON (Reuters) – Goldman Sachs said on Friday the appointments of Mehmet Simsek as Turkish finance minister and Hafize Gaye Erkan as central bank governor suggested a widespread understanding in …

By Noel Randewich (Reuters) – Who said corporate earnings were down? Fresh data shows earnings per share for S&P 500 companies were about flat in the first quarter, a major …

MOSCOW (Reuters) – VTB, Russia’s second largest bank, will sell its stake in one of Russia’s biggest grain traders, Demetra-Holding, and is in negotiations with both Russian and foreign buyers, …

MOSCOW (Reuters) – Russian state-owned lender VTB will see profit of “not less” than 400 billion roubles ($4.9 billion) in 2023 after a bumper first five months of the year …

By Aishwarya Nair and Priyamvada C (Reuters) -Shares of used-car retailer Carvana Co tumbled 11% in afternoon trading on Friday, as analysts suspect that the debt-laden company’s upbeat second-quarter profit …

By Mike Scarcella (Reuters) – Apple and Amazon.com must face a consumer antitrust lawsuit in U.S. court accusing them of conspiring to artificially inflate the price of iPhones and iPads …

By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines ahead of crucial updates from …

By Nupur Anand NEW YORK (Reuters) – Minority-owned banks in the U.S. have stayed resilient during this year’s industry turmoil thanks in part to government and industry support, despite concerns …

(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and other necessities. Here’s how governments are …

By Rod Nickel and Steve Scherer WINNIPEG, Manitoba (Reuters) -Canada on Friday extended Ukraine’s tariff-free access for most goods, but tightened access for eggs, poultry and dairy, sectors that are …

By Ross Kerber (Reuters) – Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met …

By John Revill and Noele Illien ZURICH (Reuters) -UBS and the Swiss government agreed on Friday how they will share losses linked to the bank’s emergency takeover of Credit Suisse, …

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s government will target a budget deficit of 6.54% of economic output in the fiscal year starting on July 1, the …

By Libby George LONDON (Reuters) – Foreign investors piling into Asian fixed income and stocks propelled emerging market portfolio inflows to $10.4 billion in May, offsetting Chinese bonds suffering a …