Business News

BRUSSELS (Reuters) – The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green …

OTTAWA (Reuters) – The Bank of Canada on Wednesday increased its 2023 growth forecast to 1.4%, up from the 1.0% it predicted in January, and indicated it saw less risk …

By Jonathan Stempel (Reuters) -Warren Buffett said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley …

(Reuters) – The European Central Bank needs to keep raising interest rates and the inflation outlook alone would warrant another 50 basis point increase in May, Austrian Central Bank chief …

By Ann Saphir (Reuters) -The Federal Reserve is likely to raise its policy rate once more in May to a range of 5.00%-5.25%, according to interest rate futures, even after …

By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers …

(Reuters) -Alphabet Inc’s self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the …

By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank’s …

WASHINGTON (Reuters) – The U.S. Consumer Price Index data for March shows persistent above-target inflation pressures, “validating” the International Monetary Fund’s emphasis on continuing to fight inflation at IMF and …

NEW YORK (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the …

New Jersey Governor Phil Murphy has announced a plan to ban the sale of gasoline-powered cars and light-duty trucks in the state by 2035, with the goal of converting all …

(Reuters) – India’s annual retail inflation for March eased below the central bank’s upper tolerance level for the first time this year, as food prices softened. Annual retail inflation eased …

By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and …

By Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of a global banking standards committee …

BRASILIA (Reuters) -Brazil’s central bank governor Roberto Campos Neto stated on Wednesday that while inflation has decreased, persistent pressures remain, following recent data that has buoyed the market and fueled …

NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics …

ZURICH (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a largely symbolic vote as the …

By Howard Schneider, William Schomberg and Balazs Koranyi WASHINGTON/LONDON/FRANKFURT (Reuters) – Despite broad warnings about the economic risks posed by recent stress in the banking sector, global monetary policymakers are …

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s Central Bank Governor Elvira Nabiullina on Wednesday rejected lawmakers’ requests to tighten currency restrictions in response to rouble weakening, warning …

By Krystal Hu (Reuters) – Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc, Coatue Management and Sequoia Capital, its chief executive told Reuters. The …

By Andrea Shalal WASHINGTON (Reuters) – Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world’s two …

By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for …

(Reuters) -Germany’s Merck on Wednesday said it will invest about 300 million euros ($328 million) to develop an integrated specialty gas plant in Hometown, Pennsylvania, to support development of its …

By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. …

By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, …