Business News

WASHINGTON (Reuters) – U.S. consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday. …

By Kannaki Deka (Reuters) -Canada’s Magna International Inc on Friday reported an 80% fall in quarterly profit and warned of more pressure on its margins from volatile production schedules at …

By Takaya Yamaguchi, Kentaro Sugiyama and Yoshifumi Takemoto Tokyo (Reuters) – Japan’s government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor, two government officials …

By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Canadian economy smashed expectations by adding a net 150,000 jobs in January, data showed on Friday, putting pressure on the Bank …

(This Feb. 9 story has been corrected to remove reference to Fairy detergent in paragraph 2) By Richa Naidu LONDON (Reuters) – Unilever Plc said on Thursday it would continue …

FRANKFURT (Reuters) -The European Central Bank must still raise interest rates significantly as broad disinflation has not yet started, even if overall price growth has been declining quickly, ECB board …

By Camila Moreira and Rodrigo Viga Gaier SAO PAULO/RIO DE JANEIRO (Reuters) – Services activity in Brazil grew more than expected in December and reached the highest levels to date, …

By Alexander Marrow MOSCOW (Reuters) -Russia’s central bank on Friday warned that further widening of the country’s budget deficit may compel it to raise interest rates, sending a hawkish signal …

BERLIN (Reuters) -Volkswagen will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, …

By Alexander Hübner and Rachel More BERLIN (Reuters) – Adidas shares slumped as much as 12.6% on Friday after the sportswear maker warned it could plunge to a loss this …

By Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the …

By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank …

(Reuters) – Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of some affluent customers …

NEW DELHI (Reuters) -India’s industrial output in December rose 4.3% year on year, data from the Ministry of Statistics showed on Friday. That was lower than the 4.5% expected by …

(Reuters) – Newell Brands Inc said its top boss Ravi Saligram will retire effective May 16 and forecast annual results below analysts’ estimates, sending the Sharpie maker’s shares down 11% …

By Leika Kihara TOKYO (Reuters) – Haruhiko Kuroda leaves a mixed legacy after 10 years running the Bank of Japan (BOJ), achieving prices rises after decades of deflation and anaemic …

(Reuters) – Investors continued to withdraw from U.S. equity funds for a 12th straight week in the seven days to Feb. 8 as a report showing robust U.S. job additions …

LONDON (Reuters) -British households’ expectations for their personal finances over the next 12 months recorded a record jump in January as wholesale gas prices fell, according to a monthly survey …

By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Japanese markets reacted with shock on Friday to news that the government had picked academic Kazuo Ueda to be the next …

(Reuters) – Global equity funds witnessed their first weekly outflow in five as a stronger-than-expected U.S. jobs report raised concerns that the Federal Reserve would keep policy rates higher for …

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s ticking debt time bomb will likely complicate the next central bank governor’s task of steering a smooth exit from ultra-loose …

(Reuters) – The International Monetary Fund has asked for more time for negotiations with Pakistan over a deal that would unlock much-needed funds from a $6.5 billion programme. Below are …

By Mike Dolan LONDON (Reuters) – The two investment obsessions of the year so far – artificial intelligence and super-tight labour markets – meet head on. If the hype about …

TOKYO (Reuters) – Japan’s government is likely to appoint Kazuo Ueda, an academic and a former member of the Bank of Japan’s policy board, as the next central bank governor, …

A look at the day ahead in U.S. and global markets from Mike Dolan. World markets end a rough week of confusing and competing narratives in distinctly edgy form, with …