Business News

By Giuseppe Fonte ROME (Reuters) – Italy plans contested legislation that will make it easier for firms to hire workers on short-term contracts, as part of a set of measures …

By Hyunsu Yim SEOUL (Reuters) – Throngs of people have been milling seemingly aimlessly around the forecourt of a museum in central Seoul, brushing silently past each other with heads …

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic activity continued to …

By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much better than expected first-quarter results and said it had set …

HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according …

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s economy is still seen growing at 3.6% this year, driven by tourism and domestic consumption, the central bank chief said …

TOKYO (Reuters) – Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, hit by hefty restructuring costs and difficulty in procuring semiconductors …

By Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased domestic demand and better labour …

ZURICH (Reuters) -Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future” as it bolsters controls during the takeover of Credit Suisse. …

By Jamie McGeever ORLANDO, Florida (Reuters) -Even though it may surprise some that it’s positive at all, the risk premium on equity over bonds has hit historic lows – a …

SEOUL (Reuters) -The head of South Korea’s central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a …

LONDON (Reuters) -HSBC’s most vocal individual activist shareholder Ken Lui on Monday said he had spoken for the first time with the bank’s largest investor, Ping An, about their controversial …

By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which …

(Reuters) -Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and …

By Joice Alves LONDON (Reuters) – A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world’s biggest companies, investors say, …

BARCELONA (Reuters) – Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing …

By Susanna Twidale and Nina Chestney LONDON (Reuters) – Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom …

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming …

HANOI (Reuters) -Vietnam’s central bank said on Monday it will restructure loans for some businesses facing difficulties, including delaying loan repayments by up to 12 months, as it seeks to …

By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a subdued start to a busy week studded with …

SEOUL (Reuters) – South Korea will voluntarily join a global stress test on banks, hoping to gain from a thorough analysis of risks they face on an international level, the …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Inflation figures from Singapore top the Asian economic calendar on Monday, kicking off …

WASHINGTON (Reuters) – The U.S. on Sunday said it shared information with European bankers, government officials and business leaders to clamp down on Russia’s tactics to try to skirt Western …

(Reuters) – Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat. In March, the …

By Kanishka Singh WASHINGTON (Reuters) -Republican U.S. House of Representatives Speaker Kevin McCarthy said on Sunday the House would vote on his spending and debt bill this week, and invited …