Business News

By Lananh Nguyen NEW YORK (Reuters) – Stephanie Cohen, the head of Goldman Sachs Group Inc’s fintech unit called Platform Solutions, is taking a leave of absence for family reasons, …

By Elena Fabrichnaya, Vladimir Soldatkin and Alexander Marrow MOSCOW (Reuters) -Russia’s central bank issued its strongest signal yet that it may hike interest rates this year, saying that likelihood had …

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada unexpectedly shed jobs in May and the unemployment rate rose for the first time in nine months, data showed on Friday, …

(Reuters) – UBS and the Swiss government agreed on Friday on how they will share losses linked to the bank’s emergency takeover of Credit Suisse, clearing the way for the …

TORONTO (Reuters) – Canada’s economy lost a net 17,300 jobs in May, entirely in full-time work, and the jobless rate rose to 5.2%, Statistics Canada data showed on Friday. Analysts …

(Reuters) – U.S. equity funds had their biggest weekly outflow in 10 weeks in the seven days to June 7 as investors, worried about rising inflation and an economic slowdown, …

(Reuters) – Retail trading in U.S. stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate …

By Jeff Mason WASHINGTON (Reuters) – The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint …

(Reuters) – Lordstown Motors said on Friday it plans to take legal action against investor Foxconn to ensure that the Taiwanese contract manufacturer completes a planned purchase of nearly 10% …

By Samuel Indyk LONDON (Reuters) – Investors poured money into cash and bonds in the week to Wednesday, according to data from BofA Global Research, ahead of next week’s pivotal …

BEIJING (Reuters) -China’s economic growth is expected to be “relatively high” in the second quarter compared to the prior year, mainly due a low base of comparison, while consumer inflation …

(Reuters) – Global equity funds posted outflows for the eighth consecutive week in the seven days leading up to June 7, as concerns over stubbornly high inflation and sluggish economic …

A look at the day ahead in U.S. and global markets from Mike Dolan As S&P500 stocks clock their highest close of the year, marking a technical 20% ‘bull market’ …

BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on …

By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a …

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the country’s corporate price-setting behaviour was showing changes that could work to push up inflation more than expected, …

BEIJING (Reuters) – China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as the central bank keeps policy …

By Daren Butler and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey’s central bank, which …

SHIP BOTTOM, NJ – Burger 25, a popular burger joint owned by Denise and Steve Vetter, is about to embark on a new chapter as their son, Aidan, joins the …

By Dan Burns (Reuters) – U.S. household wealth climbed to the highest in a year in the first three months of 2023, led by the stock market’s recovery from last …

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON (Reuters) -OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of …

By Foo Yun Chee BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe’s big telecoms operators to force major tech companies such as Google to help …

By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s Oval Office, touting the …

ROME (Reuters) – The rapid decline in energy costs should help to tame inflation in Europe, Bank of Italy governor Ignazio Visco said on Saturday, urging companies not to seek …

By Cassandra Garrison MEXICO CITY (Reuters) -Mexico said on Friday it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, …