Business News

LONDON (Reuters) – BMW and Volkswagen won an appeal in a London tribunal on Wednesday over the British antitrust regulator’s powers to demand information from companies based outside the United …

By Foo Yun Chee BRUSSELS (Reuters) – U.S. life science company Illumina on Wednesday took its case to senior EU and national antitrust officials at a closed hearing to argue …

PARIS (Reuters) – French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector’s bumper earnings thanks to higher …

MOSCOW (Reuters) -Russia recorded a rise in weekly consumer prices, extending the previous week’s gain, data from statistics service Rosstat showed on Wednesday, cementing expectations the central bank will give …

By Alexander Marrow MOSCOW (Reuters) – Russian consumer demand contracted at its fastest pace in seven years in 2022 and real disposable incomes fell, data released on Wednesday showed, as …

WASHINGTON (Reuters) -U.S. wholesale inventories recorded their smallest increase in nearly 2-1/2 years in December, suggesting that businesses were holding back on placing new orders for goods amid a stagnation …

SHANGHAI/BEIJING (Reuters) – China’s passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a tax …

By Mike Spector, Jessica DiNapoli, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Bed Bath & Beyond Inc said on Tuesday it raised about $225 million in an equity offering …

By Howard Schneider WASHINGTON (Reuters) – The strong January job gains of half a million new positions coupled with moderating wage growth has increased hopes for a “soft landing” as …

FRANKFURT (Reuters) – The European Central Bank may extend its streak of large interest hikes into May if core inflation doesn’t ease by then, ECB policymaker Klaas Knot said on …

(Reuters) -Industrial conglomerate Emerson Electric Co missed Wall Street estimates for quarterly profit and revenue on Wednesday as lingering supply-chain snags affected its efforts to tap into a booming demand …

By Anirban Chakroborti and John McCrank (Reuters) -CME Group Inc on Wednesday reported fourth-quarter profits above Wall Street expectations, as global pricing pressures, rising interest rates and recessionary fears drove …

By Ananya Mariam Rajesh (Reuters) – Coty Inc raised its full-year profit forecast on Wednesday, betting on price hikes and resilient demand for its fragrances and cosmetics even as its …

(Reuters) -Fox Corp expanded its share buyback plan by $3 billion on Wednesday and surpassed second-quarter revenue estimates as the FIFA World Cup and the U.S. midterm election boosted the …

By Ananya Mariam Rajesh (Reuters) -Under Armour Inc raised its annual profit forecast on Wednesday after quarterly results surpassed expectations thanks to resilient consumer spending and deep discounts that attracted …

By Rajesh Kumar Singh CHICAGO (Reuters) – Bob Jordan, Southwest Airlines Co’s CEO, faces the biggest challenge yet in his 35-year career at the airline that has built a customer-friendly …

By Nerijus Adomaitis and Nora Buli OSLO/LONDON (Reuters) – Equinor posted a record $74.9 billion adjusted operating profit on Wednesday, more than doubling its previous high and sending the Norwegian …

By Alexander Villegas and Adam Jourdan ESPINAR, Peru (Reuters) – Peru’s biggest copper mines have been able to maintain production despite road blockades, attacks and protests that have roiled the …

By Michael S. Derby NEW YORK (Reuters) – New York Fed President John Williams said financial conditions are roughly in line with what central bankers want to see. “We still …

By Uday Sampath Kumar (Reuters) – Michael Kors owner Capri Holdings Ltd on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in …

By Nqobile Dludla JOHANNESBURG (Reuters) – South African manufacturers and retailers of food and other essential products warned on Wednesday that consumers will face much higher prices unless the government …

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and investors bet …

By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due to its high deposit betas, …

NEW YORK (Reuters) – Goldman Sachs Group Inc has named Benny Adler to lead the bank’s trading efforts on public capital market deals in the Americas, according to an internal …

(Reuters) – The cost of store-bought pizza and quiche in the European Union grew in December by 16% from a year earlier, the bloc’s statistics agency Eurostat said on Wednesday. …