Business News

By Mike Scarcella (Reuters) – A U.S. appeals court on Tuesday said it will accelerate reviewing Illumina Inc’s challenge to a federal agency order requiring the biotechnology company to divest …

By Blake Brittain (Reuters) – Amgen Inc convinced a U.S. appeals court on Wednesday to uphold patents that barred generic versions of its blockbuster psoriasis drug Otezla proposed by Zydus …

WINTERTHUR, Switzerland (Reuters) -Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible …

By Foo Yun Chee BRUSSELS (Reuters) – Forty-two German associations and trade unions representing more than 140,000 authors and performers on Wednesday urged the European Union to beef up draft …

By Chris Mfula LUSAKA (Reuters) -Zambia’s official creditors, which include China, are getting closer to signing a memorandum of understanding on debt relief to the country in May, in what …

SAO PAULO (Reuters) -Toyota Motor Corp said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run …

(Reuters) -Costs in Russia’s manufacturing sector rose for the second month running in March, data from the state statistics service Rosstat showed on Wednesday, driven by a sharp jump in …

By Anna Tong SAN FRANCISCO (Reuters) – Australian business software company Atlassian Corp PLC said on Wednesday it will introduce new artificial intelligence features such as meeting summarization notes and …

By Andy Bruce LONDON (Reuters) – Britain’s unwanted status as the only large advanced economy still to have double-digit inflation represents just one symptom of the serious economic malaise faced …

LONDON (Reuters) – Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said on …

By Norihiko Shirouzu and Joseph White SAN ANTONIO, Texas (Reuters) – At Toyota Motor Corp’s sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra …

(Reuters) – Stellantis will recall 131,700 Ram 1500 pickup trucks manufactured in 2021 due to a powertrain software issue, the National Highway Traffic Safety Administration’s (NHTSA) website showed on Wednesday. …

By Nivedita Balu and Tiyashi Datta (Reuters) – Netflix Inc’s shares fell nearly 3% on Wednesday after the streaming pioneer forecast current-quarter revenue and profit below Wall Street estimates, hit …

By Casey Hall SHANGHAI (Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow hatchback parked at the booth of …

By Fergal Smith TORONTO (Reuters) -Canadian housing starts fell more than expected in March, contributing to a slower trend in recent months that follows a rapid increase in borrowing costs, …

By Laura Sanicola (Reuters) -U.S. crude oil inventories last week fell more than forecast as refinery runs and exports rose, while gasoline stockpiles jumped unexpectedly on disappointing demand, Energy Information …

By Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley plans to buy more wealth and asset management businesses, and is keeping an eye on potential targets, CEO James …

(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest rates turn up the heat on borrowers …

WASHINGTON (Reuters) – The U.S. on Wednesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum from creditors trying to seize its assets to recoup pending …

By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner …

LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of …

By Abinaya V and Aditya Soni (Reuters) -Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year …

By Nick Carey and Sachin Ravikumar LONDON (Reuters) -Jaguar Land Rover (JLR) will invest 15 billion pounds ($19 billion) over the next five years in electric vehicles (EVs) and promised …

(Reuters) -Travelers Companies Inc on Wednesday reported a fall in quarterly profit, but announced an additional $5 billion share buyback plan that sent the shares of the property and casualty …

By Liz Hampton and Arunima Kumar (Reuters) -Baker Hughes Co on Wednesday said it beat first-quarter profit estimates as rising oil prices boosted demand for its equipment and services, sending …