Business News

(Reuters) -Best Buy Co Inc is cutting store jobs across the United States as the electronics retailer looks to trim costs and shift its business more towards e-commerce, the Wall …

By Karen Brettell NEW YORK (Reuters) – The dollar index bounced off a one-year low against a basket of currencies on Friday after some March retail sales components were not …

By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and secured a fourth straight week of gains after the West’s energy watchdog said global demand will hit …

By Isla Binnie NEW YORK (Reuters) – Firms find that investors penalize their stock less for high greenhouse gas emissions if they voluntarily disclose that data, researchers at Lazard’s climate …

By David Milliken LONDON (Reuters) -The Bank of England said on Friday it would rely on a key U.S. regulator’s assessment of U.S.-based central counterparties (CCPs) which clear financial trades …

By Sinéad Carew and Saqib Iqbal Ahmed (Reuters) – Shares in U.S. banks were a mixed bag on Friday with JPMorgan Chase soaring 7.0% after its quarterly report impressed investors …

By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE hopes to propose partnerships with Brzil’s Embraer SA in defense and space in the medium term, …

By Chris Prentice and Hannah Lang NEW YORK (Reuters) -The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the definition …

By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. …

(Reuters) – The governing council of the Bank of Canada discussed raising interest rates at its policy meeting earlier this week before deciding to leave them on hold, the central …

LOS ANGELES (Reuters) – The Pacific Maritime Association on Thursday said the largest longshore union local on the West Coast disrupted work at the nation’s busiest seaport complex for the …

(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that slow production at three of its facilities will impact its fiscal 2023 results and said CFO Thomas Castellano has …

By David Lawder WASHINGTON (Reuters) -European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc wants to move quickly on a trade agreement with the United States …

WASHINGTON (Reuters) – The European Central Bank needs to keep raising interest rates even if most of its past hikes have yet to feed through to the economy, as rapid …

By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase & Co beat Wall Street’s estimates for quarterly profit and raised its outlook for interest income on Friday, emerging as one …

By Jaiveer Shekhawat and Davide Barbuscia (Reuters) – BlackRock Inc expects dislocations created by a recent banking rout to present “enormous” opportunities to expand its business, as investors shift allocations …

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a U.S. economy that is losing momentum, with reports over the …

By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Citigroup Inc’s first-quarter profit beat Wall Street expectations as it earned more from borrowers paying higher interest on loans. While its net …

By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan is likely to maintain negative short-term interest rates until inflation durably hits 2%, but could allow long-term yields to move …

By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area of growing concern, with property …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that …

(Reuters) – Walmart Inc U.S. chief merchandising officer Charles Redfield is stepping down after just over a year in the role, according to an internal memo seen by Reuters on Friday, …

(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature Bank were not an indictment of the bank regulatory landscape, …

By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more from higher interest …

By Marc Jones LONDON (Reuters) – Turkey’s lira is likely to drop sharply and could near 30 to the dollar following next month’s elections, bankers at JPMorgan have predicted, if …