Business News

By Andrea Shalal WASHINGTON (Reuters) -The World Bank’s executive board expects to select a new president by early May after last week’s news that David Malpass will leave the top …

By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as recent strong economic data had investors worried about aggressive interest rate hikes even …

By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Nearly all Federal Reserve policymakers rallied behind a decision to further slow the pace of interest rate hikes at the U.S. …

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings …

By David French (Reuters) – The S&P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance …

MILAN (Reuters) – Starbucks has launched a new drink that mixes coffee with olive oil, offering it initially in Italy as an alternative to the more standard espresso or cappuccino. …

By Chavi Mehta, Stephen Nellis and Jane Lanhee Lee (Reuters) -Chip designer Nvidia Corp forecast first-quarter revenue above Wall Street estimates on Wednesday as its CEO said use of its …

MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo’s net profit surged 526% in the fourth quarter of 2022 from the year-earlier period, driven by rising sales and the exit of its …

BOGOTA (Reuters) – Colombia’s largest industrial conglomerate, Grupo Argos, said on Wednesday it will carry out a share buy-back plan worth some 400 billion pesos ($81.2 million) in March and …

(Reuters) -Bumble Inc projected annual revenue growth above market estimates on optimism over rising paying users on its eponymous dating app, even as its Badoo app struggles in a weak …

By David Randall NEW YORK (Reuters) – Cracks are widening in an early-year rally in stocks, as rising Treasury yields bolster the allure of bonds and skew equity valuations. For …

(Reuters) -Wells Fargo & Co laid off hundreds of mortgage bankers this week as part of its recent strategic shift, CNBC reported on Wednesday, citing people with knowledge of the …

(Reuters) – Casino operator Star Entertainment Group said on Thursday it was looking to raise A$800 million ($544.24 million), even as the embattled firm tries to recover from regulatory concerns …

AMSTERDAM (Reuters) – The Dutch personal data watchdog said on Wednesday it would not fine Tesla Inc. over possible privacy violations after the U.S. carmaker made changes to vehicle security …

By Jeffrey Dastin and Stephen Nellis MOUNTAIN VIEW, Calif. (Reuters) – As Alphabet Inc looks past a chatbot flub that helped erase $100 billion from its market value, another challenge …

By Granth Vanaik (Reuters) -Etsy Inc on Wednesday beat estimates for quarterly revenue on steady demand for bags, party products and personalized gifts on its online marketplace, sending the company’s …

NEW YORK (Reuters) – SkyBridge Capital is launching a new fund to acquire holdings in 10-15 companies from distressed investors, the investment firm said in an e-mail seen by Reuters. …

(Reuters) – New York Federal Reserve Bank President John Williams on Wednesday said the U.S. central bank is “absolutely” committed to bringing inflation back down to its 2% target over …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from South Korea takes center stage in Asia on …

(Reuters) – The White House is considering two economists who held senior Treasury Department posts in the Obama administration for the No. 2 job at the Federal Reserve, the Wall …

By Shariq Khan BENGALURU (Reuters) – Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent data will …

By Laura Matthews NEW YORK (Reuters) – The dollar strengthened on Wednesday after U.S. Federal Reserve meeting minutes showed policymakers are determined to use a slower pace of interest-rate hikes …

SEOUL (Reuters) – South Korea’s producer price inflation slowed for a seventh straight month to its lowest in 22 months, central bank data showed on Thursday. The producer price index …

By Michael S. Derby WASHINGTON (Reuters) -At their last monetary policy meeting, Federal Reserve officials mulled financial stability risks that existed in part due to their aggressive campaign of rate …

(Reuters) -Ecommerce company EBay Inc on Wednesday forecast first-quarter revenue above Wall Street estimates on hopes that cost-conscious shoppers would be attracted towards its used and refurbished product category in …