Business News

A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the …

By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest rate hikes in Europe just as U.S. rates near a …

SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and …

By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation eased last month but underlying readings remained stubbornly high, Eurostat said on Wednesday, confirming preliminary data that raised worries at the …

(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been granted official approval, the German carmaker said on Wednesday, bringing …

FRANKFURT (Reuters) – The euro zone’s current account surplus widened in February as imports fell thanks lower energy costs and already large net exports of services remained broadly steady, data …

By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer …

(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said on Wednesday The order for …

SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on …

By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial …

By Helen Coster (Reuters) – Fox News’s $787.5 million settlement with Dominion Voting Systems over its coverage of false vote-rigging claims in the 2020 U.S. election made headlines on Tuesday, …

(Reuters) – Passenger car registrations in the European Union rose 28.8% in March to more than one million units, the European Automobile Manufacturers Association (ACEA) reported on Wednesday. Battery-electric cars …

By Kevin Yao BEIJING (Reuters) – China’s central bank has plenty of reasons to loosen policy as deflationary pressures in the economy deepen, but record credit growth is likely to …

By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with …

By Stefano Rebaudo (Reuters) – European Central Bank officials are still banging the inflation drum and suggesting interest rates must keep rising, but there’s enough nervousness about banks or a …

By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on …

By Joanna Plucinska LONDON (Reuters) – Strikes across Europe have led to a spike in flight cancellations, delays and driven down bookings to cities like Paris, data from travel firms …

A look at the day ahead in European and global markets from Tom Westbrook Traders are scaling back bets on U.S. rate cuts, but dialling up expectations for British hikes. …

BEIJING (Reuters) – China is formulating plans to boost the recovery and expansion of consumption, the state planner’s spokesperson Meng Wei said on Wednesday, signaling officials are worried about weak …

By Joe Cash and Pasit Kongkunakornkul BEIJING/BANGKOK (Reuters) – Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery in travel to Asian …

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on …

By Tetsushi Kajimoto TOKYO (Reuters) -Big Japanese manufacturers remained pessimistic in April for a fourth straight month as jitters over Western banks added to slowing global growth, the monthly Reuters …

By Tatiana Bautzer NEW YORK (Reuters) -Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. …

(Reuters) -Australia’s Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour …

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace …