Business News

By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s peso is set to pare its advance of recent months but will keep trading at firm levels, helped by the central bank’s …

By Stephen Nellis (Reuters) – European chipmaker STMicroelectronics and chip design software maker Synopsys on Tuesday said STMicro had for the first time used artificial intelligence software running on Microsoft …

PARIS (Reuters) -A national strike against planned pension reforms reduced France’s power supply and disrupted petrol deliveries from French refineries on Tuesday. Strikes have been taking place since mid-January as …

By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Morgan Stanley has named David Aronovitch as its chief executive officer for Southeast Asia as part of its efforts to strengthen …

KYIV (Reuters) – Ukraine’s parliament approved changes to the 2023 state budget on Tuesday, raising state spending to support small businesses and channel more funds into reconstruction and recovery projects …

By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for a fourth …

By Sethuraman N R and Aditya Kalra BENGALURU (Reuters) -India’s Adani Group is considering independent evaluation of issues relating to legal compliance, related party transactions and internal controls following a …

LONDON(Reuters) – Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a …

BEIJING (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost …

MILAN (Reuters) – Ferrari said on Tuesday it had appointed Lorenzo Giorgetti to the newly-created position of chief racing revenue officer, tasked with boosting long-term relations with sponsors across all …

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising …

By Howard Schneider and Andrea Shalal WASHINGTON (Reuters) – Joe Biden speaks to the nation tonight at a time of record low unemployment, rising wages, and diminishing fears of recession …

NEW YORK (Reuters) – Corporate stock buybacks are offering investors a measure of excitement in what has been a gloomy earnings season. Chevron Corp late last month said it would …

By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to …

A look at the day ahead in U.S. and global markets from Mike Dolan. While U.S. President Joe Biden gets set to deliver his second “State of the Union” address …

TAIPEI (Reuters) – Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with …

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Danish brewer Carlsberg warned on Tuesday that a possible slowdown of beer consumption in Europe because of increased prices could dent profit growth this year. …

By Hari Kishan BENGALURU (Reuters) – The dollar’s recent comeback may not be indicative of a new broad trend, with FX strategists in a Reuters poll split on the greenback’s …

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s VTB bank’s losses last year were due entirely to sanctions, CEO Andrei Kostin said on Tuesday, a rare acknowledgement that …

BANGKOK (Reuters) – Thailand’s central bank will support vulnerable debtors from the impacts of rising interest rates, a deputy governor said on Tuesday. There will be assistance in line with …

FRANKFURT (Reuters) – Euro zone consumer expectations for inflation edged up again in December, a European Central Bank survey showed on Tuesday, indicating that recent interest rate hikes and falling …

By Sophie Yu and Brenda Goh BEIJING (Reuters) – China’s luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing’s zero-COVID policy …

FRANKFURT (Reuters) – German crude oil import volumes rose 9.4% in the first 11 months of 2022 on a year-on-year basis as the economy recovered from the COVID-19 pandemic, while …

By Liang-sa Loh and Faith Hung TAIPEI (Reuters) – Taiwan’s exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the …

BERLIN (Reuters) -German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday. Industrial production decreased …