Business News

By Anirban Sen and Abigail Summerville (Reuters) – Supermarket operators Kroger Co and Albertsons Companies Inc are advancing plans to sell between 250 and 300 stores they hope will alleviate …

By David Milliken and William James LONDON (Reuters) – Britain’s economy showed zero growth in the final three months of 2022 – enough for it to avoid entering a recession …

By Harry Robertson LONDON (Reuters) -The traditional 60% stocks and 40% bonds portfolio has had the best start to the year since 1991, according to Bank of America, after one …

By Kirstin Ridley LONDON (Reuters) – A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case …

NEW DELHI (Reuters) – Indian tycoon Gautam Adani’s conglomerate has been pummelled by a stock rout and come under increasing scrutiny after U.S. short-seller Hindenburg Research issued a damaging report. …

By Giulio Piovaccari TRAVAGLIATO, Italy (Reuters) – By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA …

LONDON (Reuters) -Britain’s financial regulator is investigating Barclays PLC for suspected failings in its compliance and anti-money laundering systems, the Financial Times reported on Friday. The Financial Conduct Authority (FCA) …

By Tommy Wilkes LONDON (Reuters) – European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and …

ZURICH (Reuters) – Roche has bought 540,000 of its own shares, the company said on Friday, as a member of its controlling family group scaled back their investment in voting …

By Daniel Leussink TOKYO (Reuters) -Japan’s Honda Motor Co on Friday posted a better-than-expected 22% rise in third-quarter operating profit, as a weak yen helped offset rising raw material costs …

(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than 5%. The group’s profit before …

SINGAPORE (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered, the second …

BEIJING (Reuters) -The United States is violating the principles of market economy and international trade rules in considering a ban on Chinese citizens buying property in the United States, the …

ZURICH (Reuters) – Credit Suisse shares looked set to continue their slide on Friday after the bank’s reported its latest heavy losses on Thursday and the Swiss regulator said it …

BERLIN (Reuters) – Microsoft co-founder Bill Gates believes ChatGPT, a chatbot that gives strikingly human-like responses to user queries, is as significant as the invention of the internet, he told …

(Reuters) – The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and protracted as feared just …

By Samuel Indyk and Alun John LONDON (Reuters) – Euro bulls might have to curb their enthusiasm after the rush to buy the single currency may have left it vulnerable …

By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant …

By Laura Matthews (Reuters) – Concerns that last year’s wild swings in stocks and bonds will resurface in 2023 are boosting the appeal of investments less dependent on upside in …

By Laura Sanicola (Reuters) – U.S. diesel prices have dropped this month and could go lower, analysts said, an unexpected swoon that coincided with the start of a British and …

By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s economy outperformed expectations in the fourth quarter, partly thanks to strong domestic demand, and the central bank said it expected the country to …

A look at the day ahead in European and global markets from Ankur Banerjee After a string of hawkish commentary from central bank officials, investors lost their risk appetite towards …

By Joe Cash BEIJING (Reuters) – China’s January factory gate prices fell more than economists expected, suggesting that flashes of domestic demand that had stoked consumer prices after the zero-COVID …

By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the …