Business News

By Sinchita Mitra and Muhammed Husain (Reuters) – British American Tobacco forecast a small rise in 2023 earnings on Thursday and dashed hopes of a share buyback, sending its shares …

By John Revill ZURICH (Reuters) – Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said it had made a “flying …

By Leika Kihara TOKYO (Reuters) – A future Bank of Japan (BOJ) interest rate hike could affect the country’s sovereign debt rating if firms struggle to absorb rising funding costs, …

HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 4.235 million Hong Kong-listed shares of electric vehicle maker BYD for HK$1.09 billion ($139 million), …

BERLIN (Reuters) -Bayer shares rose as much as 5% in early Thursday trading to an eight month high, adding to gains from the day before when the German drugs to …

ZURICH (Reuters) – Siemens shareholders have called on the engineering company to simplify its structure by selling its stake in Siemens Energy and clarifying its position on Siemens Healthineers. The …

(This Feb. 8 story has been corrected to fix Michael Demissie’s job title in paragraph 1) By Samuel Indyk LONDON (Reuters) – Bank of New York Mellon’s head of advanced …

By David Lawder and Kanishka Singh SPRING HILL, Tenn./ WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday she still hoped to visit China but offered no details …

BRUSSELS (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, on Thursday said it expects its steel shipments to increase by around 5% this year, as it reported fourth-quarter earnings that were …

By Hyunsu Yim SEOUL (Reuters) -South Korea’s anti-trust regulator said on Thursday it would impose a combined fine of 42.3 billion won ($33.48 million) on three German automakers for colluding …

By Himanshi Akhand (Reuters) – Bullish bets on most Asian currencies eased as strong U.S. economic data recently gave the dollar a fillip and raised bets that interest rates would …

By Maria Martinez BERLIN (Reuters) – German consumer prices, harmonised to compare with other European Union countries, rose by a less-than-anticipated 9.2% on the year in January, preliminary data from …

SYDNEY (Reuters) – Fortescue Metals Group is looking to cut up to 1,000 jobs across its back office and clean energy unit as part of a cost-cutting exercise, The Australian …

By Valerie Insinna SEATTLE (Reuters) – Airbus laid down the law to its stretched supply chain on Wednesday, with a senior U.S. executive reminding contractors to meet timing and quality …

PARIS (Reuters) – Airbus is drawing up a stop-gap succession for the role of chief financial officer after struggling to appoint a permanent successor for Dominik Asam, who joins German …

By Alexander Marrow MOSCOW (Reuters) – Russia’s largest lender Sberbank said on Thursday its January net profit rose 9.8% year-on-year to 110.1 billion roubles ($1.51 billion), due to restrained growth …

By Joice Alves and Padraic Halpin LONDON (Reuters) -Some companies in Europe have said they may unwind price hikes introduced in recent years as soaring costs of energy and other …

By Gaurav Dogra (Reuters) – Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes …

A look at the day ahead in European and global markets from Wayne Cole. Surely the most fun story today, unless you are an Alphabet shareholder, is Google’s new Bard …

By Chris Taylor NEW YORK (Reuters) – Sorry to break it to you, but your romantic partner may be sharing a secret relationship. With guess who? JPMorgan Chase. Or Citibank, …

SHANGHAI (Reuters) -Chinese state media on Thursday cautioned against risks in chasing local ChatGPT-concept stocks, while domestic artificial intelligence (AI) companies urged investors to be rational after their soaring share …

SEOUL (Reuters) – The rising cost of living is likely to hurt South Korea’s economy much more significantly in the first half of this year than previously thought, its top …

By David Shepardson WASHINGTON (Reuters) – The acting head of the Federal Aviation Administration (FAA) will testify on Feb. 15 before the U.S. Senate Commerce Committee on a Jan. 11 …

By David Lawder SPRING HILL, Tenn. (Reuters) -U.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in …

(Reuters) – Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point …