Business News

By Choonsik Yoo SEOUL (Reuters) -South Korea’s biggest financial groups saw their share prices fall on Thursday as investors interpreted a call from the president to share more profit with …

(Reuters) – Electric vehicle maker Tesla Inc has sold out its Model Y for this quarter in the United States, with no more production builds until April, Electrek reported on …

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, …

By Jonathan Cable LONDON (Reuters) – The European Central Bank will raise its deposit rate at least twice more, taking the terminal rate to 3.25% in the second quarter, with …

By Johann M Cherian and Noel Randewich (Reuters) – The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, but …

By Hyunjoo Jin and Jarrett Renshaw SAN FRANCISCO (Reuters) -Tesla Inc will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a …

By Andrea Shalal, David Lawder and Valerie Volcovici WASHINGTON (Reuters) – World Bank President David Malpass on Wednesday said he would leave his post well before his term ends, months …

(Reuters) – The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require chargers to be built in the United States immediately, and …

By Sameer Manekar and Praveen Menon (Reuters) -National Australia Bank on Thursday posted a 19% jump in first-quarter cash profit helped by rising interest rates, but the lender warned of …

By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the …

By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were weighing on …

By David Shepardson WASHINGTON (Reuters) -Starbucks Corp Chief Executive Howard Schultz declined an invitation from 11 senators to testify on March 9 on the coffee company’s compliance with federal labor …

By Jonathan Stempel (Reuters) – Former customers of Sam Bankman-Fried’s FTX have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The rise of trading in near-term U.S. equity options has the potential to deliver a volatility shock to markets, not unlike the …

By Tiyashi Datta (Reuters) -Roku Inc said on Wednesday it was keeping a lid on costs and forecast first-quarter revenue above Wall Street estimates, as the company bet on its …

(Reuters) – Meta Platforms Inc said on Wednesday it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 …

MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its gross margin in the fourth quarter shrank in a push to offer lower prices, even as strong same-store sales helped …

By Kylie Madry MEXICO CITY (Reuters) – Mexican airline Aeromar announced the “definitive end” of operations on Wednesday, as the heavily indebted company failed to reach agreements with providers and …

By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday urged a judge to impose tight restrictions on indicted FTX cryptocurrency exchange founder Sam Bankman-Fried’s internet use, arguing existing conditions …

WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 340,000 diesel Ram pickup trucks to replace an electrical connector after reports of six fires, and recommends parking the vehicles outside until repairs …

By Toby Sterling and Stephanie van den Berg AMSTERDAM (Reuters) – Ukraine’s effective use of artificial intelligence (AI) to target Russian forces has pushed the technology onto the agenda of …

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – JPMorgan Chase & Co.’s head of trading sees China as its largest potential overseas market as the bank aims to …

By Liz Lee BEIJING (Reuters) – Diplomatic friction festered between the United States and China on Wednesday as Beijing charged that U.S. high altitude balloons flew over its Xinjiang and …

By Carolina Mandl NEW YORK (Reuters) – Investment firms Tiger Global Management, GQG Partners and Capital Group, BlackRock Inc, as well as JPMorgan & Chase were among the biggest sellers …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Central bank policy decisions in Indonesia and The Philippines grab the limelight in …