Business News

MOSCOW (Reuters) – The Russian rouble fell past 75 to the dollar on Friday, extending a recent weakening trend sparked by embargoes on Russian oil products and the steady recovery …

SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker …

By Jamie McGeever ORLANDO, Fla. (Reuters) -The notion that higher interest rates would slam stocks has been turned on its head by Wall Street’s resilience to the most dramatic upward …

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – For Prime Minister Fumio Kishida, Japan’s next central bank chief had to symbolise a departure from the unconventional policies of his …

FRANKFURT (Reuters) – Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in Florida, pandemic losses, and high …

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to …

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer prices likely accelerated to a more than 41-year high in January, a Reuters poll of 19 economists showed, reflecting companies’ will …

By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek …

By Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) – Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western …

By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent …

By David Shepardson WASHINGTON (Reuters) -U.S. Senate Commerce Committee chair Maria Cantwell on Thursday asked Southwest Airlines to provide a full accounting of all refunds issued and denied after a …

By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance, said on Friday it was laying off a small number …

A look at the day ahead in European and global markets from Ankur Banerjee Investors are feeling the heat as sticky inflation and a tight labour market revive good ol’ …

(Reuters) – Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter. The social media company shut down …

BEIJING (Reuters) – China’s oil refining capacity overtook the United States as the world’s largest in 2022, an industry official said on Thursday, though its production of fuel products lagged …

MUMBAI (Reuters) – The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, economists at HSBC Securities and …

By Rozanna Latiff KUALA LUMPUR (Reuters) – Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week, following a bid by descendants …

(Reuters) -YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 …

By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker again projected further interest rate rises in coming months and said the pain was worth bearing to bring inflation down. Speaking …

SHANGHAI (Reuters) – Tesla raised prices of performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China on Friday, according to its Chinese website. The …

(Reuters) -Tesla Inc said on Wednesday it laid off 4% of the employees in the Autopilot labeling team in Buffalo as part of a performance review cycle conducted every six …

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government picked academic Kazuo Ueda as new central bank governor on expectations he can help keep inflation on target and sustain economic and …

By Anna Tong SAN FRANCISCO (Reuters) – OpenAI, the startup behind ChatGPT, on Thursday said it is developing an upgrade to its viral chatbot that users can customize, as it …

SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) declined 25% year-on-year in January, led by falls in both electronics and non-electronic products. This was a steeper decline than the 20.6% …

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on …