Business News

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised …

JOHANNESBURG (Reuters) – Supermarket group Pick n Pay said on Wednesday its four-month sales grew by 6.4%, but its like-for-like sales growth in South Africa was softer, impacted by store …

TOKYO (Reuters) – Japan’s Subaru Corp slashed its annual output target by nearly 10% on Wednesday amid ongoing fallout from a semiconductor shortage that continues to hamper automakers around the …

By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and …

(Reuters) – Rating agency Fitch has revised its forecast for China’s economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster thaninitially anticipated …

CAPE TOWN (Reuters) – Microsoft visited an artisanal cobalt mine in Democratic Republic of Congo in December as part of attempts to jump-start formalisation of the little-regulated and dangerous industry …

LONDON (Reuters) – Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier …

By Mike Dolan LONDON (Reuters) – Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity – questioning any investment conviction, the reliability of …

By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said the new central bank governor must have strong communication skills and be able to closely coordinate with global …

By Lewis Krauskopf NEW YORK (Reuters) – The fate of an early year rally in stocks may depend on whether equities can withstand a recent rise in U.S. Treasury yields, …

A look at the day ahead in European and global markets from Wayne Cole. Wall Street must be hoping Federal Reserve Chair Jerome Powell would speak in public every day. …

SINGAPORE (Reuters) -Following are reactions from analysts and investors to U.S. President Joe Biden’s State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt …

By Orathai Sriring BANGKOK (Reuters) – Thailand’s rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth …

By David Shepardson (Reuters) – President Joe Biden on Tuesday harshly criticized U.S. airlines saying they were charging families unfair fees and vowing to implement new consumer protections. “We’ll prohibit …

By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) – A run of strong earnings and stock market outperformance at Australia’s “big four” banking giants is set to fade later in …

TOKYO (Reuters) -Shares of Japan’s Nintendo Co Ltd and SoftBank Group Corp and Sharp Corp fell steeply on Wednesday, after the companies jolted investors with disappointing results, emphasising the dim …

(Reuters) -Digital Currency Group (DCG) is selling shares in several of its cryptocurrency funds at a steep discount and has started offloading its holdings in investment vehicles run by subsidiary …

MANILA (Reuters) – Philippine inflation “most likely” peaked in January but the central bank cannot rule out another surprise supply shock, its governor said on Wednesday. January inflation, which hit …

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s current account surplus fell sharply in December after a record rise the prior month, finance ministry data showed on Wednesday, highlighting the impact of …

By Jeffrey Dastin REDMOND, Wash. (Reuters) -Microsoft Corp is revamping its Bing search engine and Edge Web browser with artificial intelligence, the company said on Tuesday, signaling its ambition to …

By David Lawder WASHINGTON (Reuters) -The Biden administration has made digital trade the centerpiece of its trade negotiations, and the AFL-CIO wants a bigger say in how the U.S. Trade …

By Carolina Mandl and Johann M Cherian (Reuters) – U.S. stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve …

By Howard Schneider and Andrea Shalal WASHINGTON (Reuters) – After vouching last week that a “gratifying” drop in inflation was underway, Federal Reserve Chair Jerome Powell will face questions on …

By Jody Godoy (Reuters) -Wells Fargo & Co agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto …