Business News

By Indradip Ghosh and Mumal Rathore BENGALURU(Reuters) – The Bank of Canada will keep its key interest rate steady at 4.50% through 2023, according to most economists polled by Reuters, …

By Katie Paul (Reuters) – Facebook-owner Meta published an artificial intelligence model on Wednesday that can pick out individual objects from within an image, along with a dataset of image …

By Jan Strupczewski BRUSSELS (Reuters) – Planned new European Union public debt rules should require governments of highly indebted countries to cut debt every year by at least 1% of …

By Aditya Kalra NEW DELHI (Reuters) -Tinder-owner Match Group and Indian startups have asked the country’s competition body to investigate Alphabet’s Google for alleged non-compliance with an antitrust directive by …

By Joanna Plucinska and Silvia Aloisi LONDON/PARIS (Reuters) – European aviation is gearing up for Easter travel disruptions marked by strikes and cancellations, in a major test of the industry’s …

BERLIN (Reuters) -Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be …

By Makiko Yamazaki TOKYO (Reuters) -Seven & i’s independent directors said on Thursday the Japanese retail giant’s board would continue to review strategic alternatives as it faces pressure for broader …

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as …

By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will raise interest rates by 25 basis points in May to 5.50% following a surprise half-point move on Wednesday and …

MILAN (Reuters) – The opinion of Italian businesses on the prospects for the economy improved in the first quarter of 2023 compared with the previous three months, the Bank of …

By Rachel Savage and Chris Mfula LUSAKA (Reuters) -The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent upon its bilateral creditors …

By Naomi Rovnick and Sumanta Sen LONDON (Reuters) – Banking sector turmoil has not dented demand for equities, with MSCI’s world stock index up 7% so far this year. Hopes …

By Libby George LONDON (Reuters) – Up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder …

By David Milliken LONDON (Reuters) -British house-building fell at the sharpest pace since May 2020 last month as the cost of higher interest rates outweighed an easing in supply chain …

KAMPALA (Reuters) – Uganda’s central bank on Thursday held its key lending rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated. The decision, announced by deputy …

By Rachel Savage and Chris Mfula LUSAKA (Reuters) – Zambia is being “punished” for a failure to complete debt restructuring that is not its fault, but its two main creditors, …

LONDON (Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. It’s fair to say it’s been a fairly miserable week for many in …

KYIV (Reuters) – Ukraine’s international reserves grew to an 11-year high of $31.9 billion at the start of April thanks to foreign aid, lower demand for hard currency and moderately-sized …

By Mohi Narayan and Matthew Chye NEW DELHI (Reuters) – Singapore’s imports of Russian naphtha nearly tripled in the first quarter of 2023, government data showed, after the European Union …

FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates again in May if inflation develops along the path seen in the bank’s March economic projections, ECB …

By Joseph White DETROIT (Reuters) – Ford Motor Co unveiled a new electric Courier van aimed at winning business customers in Europe, and boxing out electric van startups such as …

HONG KONG/SHANGHAI (Reuters) – Dealmakers at China International Capital Corp (CICC) will see bonuses slashed by as much as 40%, three sources said, in one of the financial sector’s biggest …

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, …

ROME (Reuters) – Leonardo and Siemens on Thursday said they signed a memorandum of understanding to offer cybersecurity solutions for infrastructure in the energy, oil and gas and industrial sectors. …

DUBLIN (Reuters) – Aircraft leasing company Avolon on Thursday said the reopening of China after it eased strict COVID-19 rules has boosted levels of leasing and trading activity. The company …