Business News

HELSINKI (Reuters) – The European Central Bank should maintain a tightening monetary policy that restricts demand, Finnish central bank Governor Olli Rehn said in a speech on Friday. “In monetary …

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a …

By Yana Gaur and Kane Wu (Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8 billion …

(Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global …

By Nell Mackenzie PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, a senior official at …

By Libby George and Jorgelina do Rosario LONDON (Reuters) -Brazil’s central bank Governor Roberto Campos Neto said on Friday that the bank’s independence is crucial for the country’s economy, as …

HARARE (Reuters) – Zimbabwe’s economy could grow 6% this year, better than a previous forecast for 3.8% growth, thanks to a strong performance by agriculture and easing power shortages, Finance …

OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity …

(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back …

By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set …

By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock …

LONDON (Reuters) -Glencore on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual …

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the …

OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a plan by Canadian miner Teck Resources to spin off its metallurgical …

BERLIN (Reuters) – German business activity expanded for a third month running in April, boosted by a services sector revival that more than offset a manufacturing decline in Europe’s largest …

TOKYO (Reuters) – Japan’s largest airline ANA Holdings Inc on Friday raised its profit estimate for the just-ended fiscal year, citing a decline in fuel costs and an uptick in …

By John Revill ZURICH (Reuters) -Holcim AG shrugged off concerns about rising interest rates dampening building industry demand as the world’s biggest cement maker raised its full-year guidance after beating …

LONDON (Reuters) -British retail sales fell by a greater-than-expected 0.9% in March from February, official figures showed on Friday, with bad weather and high inflation combining to keep consumers away …

By Casey Hall SHANGHAI (Reuters) – Automakers keen to make a splash at the Shanghai auto show showed off vehicles boasting features from crystal balls to in-car karaoke systems and …

ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed …

(Reuters) -BofA Global Research and other banks raised their forecast for China’s 2023 gross domestic product (GDP) growth this week, after first-quarter economic growth data came in stronger than expected. …

By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing to oust Seven & i Holdings President Ryuichi Isaka, saying he is responsible for a “flawed strategy” and stating …

DETROIT (Reuters) – Facing a booming and hyper-competitive market for electric vehicles (EVs) in China, Ford Motor Co needs to reshape its brand for the world’s largest car market, Chief …

A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running …

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s last exports of livestock by sea have been completed and live exports have ceased, its agriculture minister said on Friday, as it …