Business News

SEOUL (Reuters) – South Korea launched a task force on Wednesday to study ways to improve business practices and pay schemes at banks, days after the country’s president called on …

A look at the day ahead in European and global markets from Anshuman Daga: Is it really good news? Probably yes, probably not. Economies from the United States to Germany …

By Mark John (Reuters) – British companies involved in the world’s largest trial of a four-day working week have mostly decided to retain it in what campaigners hailed on Tuesday …

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75% on Wednesday, and said it expects …

By Wayne Cole SYDNEY (Reuters) -Australian wages grew at the fastest annual pace in a decade last quarter but that was still short of market forecasts and could lessen the …

(Reuters) – U.S. regulators are investigating Wells Fargo & Co’s retention of employee communications over “unapproved” messaging tools, the bank said on Tuesday, the latest in a crackdown that has …

By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) -Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade …

HONG KONG (Reuters) – Hong Kong’s economy is expected to grow 3.5%-5.5% this year after shrinking 3.5% in 2022, as it leaves behind COVID-19 restrictions that had isolated the city …

By Ankur Banerjee and Patturaja Murugaboopathy SINGAPORE (Reuters) – A sudden surge of foreign interest in Indonesian bonds may be reaching a peak, as investors see local interest rates holding …

By Madhumita Gokhale and Sujith Pai BENGALURU (Reuters) – The Reserve Bank of India will increase its main interest rate by 25 basis points to 6.75% in April and then …

By Byron Kaye and Sameer Manekar SYDNEY (Reuters) -Top Australian grocer Woolworths Group Ltd said an inflation-driven shift away from dining out was helping to lift sales, sending its shares …

TOKYO (Reuters) – Japan’s business-to-business services prices rose 1.6% in January from a year earlier, much slower than a 9.5% jump in wholesale goods prices, a sign the recent pick-up …

By Foo Yun Chee and Stephen Nellis BRUSSELS (Reuters) -Microsoft Corp has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform …

By Isla Binnie and Simon Jessop NEW YORK (Reuters) – Major U.S. pension fund CalPERS is seeking a meeting with rail operator Norfolk Southern at which it plans to ask …

By David French (Reuters) – Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in U.S. business …

By Junko Fujita TOKYO (Reuters) – Japan’s Nikkei 225 share index will hit the psychological 30,000 level by end-2023 on a better domestic corporate and global economic outlook in the …

LONDON (Reuters) – Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said …

(Reuters) -Consulting giant McKinsey & Co is planning to cut about 2,000 jobs, in one of its biggest round of layoffs, Bloomberg News reported on Tuesday, citing people with knowledge …

By Tom Hals WILMINGTON, Del. (Reuters) -A trial challenging Elon Musk’s $56 billion pay at Tesla Inc may hang on whether a single material misleading disclosure to shareholders would void …

(Reuters) -BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight” on Tuesday, saying investors were realizing that the U.S. Federal …

By Blake Brittain (Reuters) -The Biden Administration will not overrule a U.S. International Trade Commission decision that could block imports of Apple Inc’s Apple Watches for infringing AliveCor Inc patents …

By Manya Saini (Reuters) -Coinbase Global Inc reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a …

(Reuters) -Chemical maker INEOS is entering into U.S. oil and gas production for the first time, agreeing to purchase assets in South Texas from Chesapeake Energy Corp for $1.4 billion, …

By Tetsushi Kajimoto TOKYO (Reuters) – Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for a second straight month, a Reuters’ poll showed, a sign …