Business News

LONDON (Reuters) – The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture retailer plans a major expansion in the United States and …

By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will hold its key lending rate at 7.5% next week, a Reuters poll showed on Thursday, with persistent inflation risks seen …

The American Lung Association is getting ready to pump up Governor Phil Murphy’s impending ban on gasoline-powered cars. Murphy announced earlier this year that he intends to ban the sale …

By Vansh Agarwal (Reuters) -Shares of Chewy Inc surged 27% in early trading on Thursday after the pet products e-retailer announced its first foray into international markets via Canada and …

By Samrhitha A (Reuters) – Salesforce Inc fell about 7% on Thursday after reporting quarterly revenue that increased at its slowest pace since 2010, with companies cutting back spending on …

By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand, but in a silver lining the reduction in …

By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed …

ISLAMABAD (Reuters) – Pakistan’s annual inflation rate rose to 37.97% in May, the statistics bureau said on Thursday, setting a national record for the second month in a row, adding …

By Noele Illien and Stefania Spezzati ZURICH (Reuters) -Credit Suisse has repaid the liquidity backed by the Swiss government, Finance Minister Karin Keller-Sutter said in an interview with Swiss broadcaster …

By M. Sriram and Yantoultra Ngui MUMBAI/SINGAPORE (Reuters) – KKR & Co is moving a managing director from India to Singapore to lead the firm’s Southeast Asia private equity business, …

PARIS (Reuters) – Upcoming interest rate hikes will be marginal, said European Central Bank (ECB) member and Bank of France governor Francois Villeroy de Galhau, who added that rate hikes …

By Fergal Smith and Steve Scherer TORONTO (Reuters) – Canada’s residential construction activity has slowed in recent months due to a tight labor market and higher borrowing costs, a factor …

By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil …

WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in May, suggesting that the labor market was slowing only gradually, which could result in the Federal Reserve keeping interest …

By Roman Churikov MOSCOW (Reuters) – Russian designers and brands are helping the retail sector gradually recover from a turbulent 15 months of store closures and slumping demand, with new …

(Reuters) – Nvidia Corp’s market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming …

By Caroline Valetkevitch (Reuters) – Investors gave a muted welcome to the U.S. House of Representatives passing a bill that would suspend the government’s borrowing limit and avert default, with …

(This May 31 story has been corrected to clarify that Jordan’s comment referred to another bank and not Credit Suisse, in paragraph 9) ZURICH (Reuters) – Swiss National Bank Chairman …

By Maria Martinez BERLIN (Reuters) – Rising rents, less venture capital and a shortage of talent are taking the shine off Berlin as a hub for startups. “The one single …

By Huw Jones LONDON (Reuters) – How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas …

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Thursday that the government would issue special bonds aimed at filling a projected funding gap as it boosts …

(Reuters) -Southwest Airlines Co said on Thursday it continues to expect a strong adjusted profit for the full year as travelers fly more for leisure, leading to more ticket sales. …

By Valerie Insinna CHARLESTON, South Carolina (Reuters) – Boeing Co CEO Dave Calhoun downplayed speculation that China’s maiden commercial flight of its domestically produced C919 narrowbody jet could foreshadow the …

By Michael Erman (Reuters) – Swiss drugmaker Roche Holding AG plans to sell its 800-employee drug manufacturing plant in Vacaville, California, or it will shut the factory by 2029, according …

TOKYO (Reuters) – Japan’s Hitachi Astemo said on Thursday an auto industry veteran will take over as top executive from Brice Koch, who handled the automotive supplier’s response to misconduct …