Business News

ROME (Reuters) -Italian retail sales increased in value terms but decreased in volume in 2022 compared to the previous year, with consumers suffering from high inflation, data showed on Wednesday. …

BERLIN (Reuters) – Trade between Germany and China rose to a record level last year, making the Asian country Germany’s most important trading partner for the seventh year in a …

SAO PAULO (Reuters) – The chief executive of Brazil’s biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection …

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s Supreme Court on Wednesday restrained the government, through the central bank, from ending the legal tender status of old banknotes on Friday following …

MUMBAI (Reuters) – Indian household’s inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of …

By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s …

By Camillus Eboh and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s Supreme Court on Wednesday prevented the government from enforcing a Friday deadline for citizens to swap old banknotes for new …

SAO PAULO (Reuters) – Brazilian Senator Randolfe Rodrigues, the government leader in Congress, said on Wednesday there was no government guidance regarding replacing central bank Chief Roberto Campos Neto, who …

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag …

(This Jan. 31 story has been officially corrected to say that 2022 central bank gold demand was the highest in records since 1950, not since 1967) LONDON (Reuters) – Central …

TOKYO (Reuters) – Japan has yet to see economic conditions fall into place for the central bank to raise interest rates, Akira Amari, a veteran ruling party lawmaker, told Reuters …

(Reuters) – CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business. The company posted …

(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the …

By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) – Societe Generale, France’s third biggest bank, favoured financial prudence over quick returns to shareholders as it prepared for the arrival of …

A look at the day ahead in U.S. and global markets from Mike Dolan. Jerome Powell calmed the horses, a bit. In attempting to parse last week’s blockbuster January jobs …

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic …

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it …

FRANKFURT (Reuters) -European Central Bank supervisors will zero in on bad loans this year after finding that some euro zone banks had set too little money aside for them or …

By Kiyoshi Takenaka and Tim Kelly TOKYO (Reuters) – Japan may opt for milder restrictions on chip production machinery sales in China than those implemented by the United States even …

By Dmitry Zhdannikov, Chen Aizhu and Nidhi Verma LONDON (Reuters) -Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and …

By Huw Jones LONDON (Reuters) – A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top …

By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) – Massive earthquakes in Turkey will add billions of dollars of spending to Ankara’s budget and cut economic growth by up two …

BEIJING (Reuters) – Yuan loans extended by Chinese banks likely surged to a record high in January as the central bank moved to shore up growth in the world’s second-biggest …

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Malaysia’s economic growth likely slowed by more than half to 6.6% in the fourth quarter of 2022 due to tepid consumption and …