Business News

JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts …

By Mike Dolan LONDON (Reuters) – For all intents and purposes, financial markets think the brutal central bank tightening cycle is done. That may seem like a leap of faith …

(Reuters) – Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital …

SEOUL (Reuters) – Tesla Inc has cut prices of some of its car models in South Korea, a local Tesla sales official said on Friday, the second straight month the …

A look at the day ahead in European and global markets from Ankur Banerjee After the central bank triple-header (that’s the Fed, ECB and BoE) buoyed risk appetite and emboldened …

By Anant Chandak BENGALURU (Reuters) – Robust growth in India’s services industry eased last month after touching a six-month high in December, with softening orders spurring caution in companies’ business …

(Reuters) – Ukraine’s allies are pushing the International Monetary Fund (IMF) to finalise plans for a multibillion-dollar lending programme, the Financial Times reported on Friday. IMF representatives are planning to …

DUBAI (Reuters) – Growth in the United Arab Emirates’ (UAE) non-oil private sector slipped to a 12-month low in January, with weaker global economic conditions weighing on sentiment towards future …

SYDNEY (Reuters) – Standard Chartered on Friday said it had been granted approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm. The bank said …

TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday he expected wages to rise “quite significantly”, boosted by improvements in the economy and a tightening job …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board …

BEIJING (Reuters) – China’s services activity in January expanded for the first time in five months as spending and travel got a boost from the lifting of stringent COVID-19 curbs, …

By Sheila Dang (Reuters) – After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap …

By Chen Aizhu and Jeslyn Lerh SINGAPORE (Reuters) – China’s independent refineries are ramping up imports of discounted fuel oil blended from Russian barrels to use as low-cost feedstock amid …

MEXICO CITY (Reuters) – Cargo airlines operating out of Mexico’s busiest airport will have until July to leave the hub, a decree published in the country’s national gazette Thursday evening …

(Reuters) – Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom Inc and plans to urge the department-store chain to make changes to its board after a …

By Chavi Mehta and Jane Lanhee Lee BENGALURU/OAKLAND, Calif (Reuters) – Qualcomm Inc forecast second-quarter revenue and profit below Wall Street estimates on Thursday as the chipmaker grapples with the …

By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks’ quarterly sales decline in China was four times worse than the coffee chain expected and it has no “line of sight” …

By Devayani Sathyan and Sujith Pai BENGALURU (Reuters) – The Reserve Bank of Australia will deliver a fourth successive quarter-point interest rate hike on Tuesday and is likely to follow …

By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not …

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global …

By Greg Bensinger and Nivedita Balu (Reuters) -Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google’s advertising clients pulled back spending from a …

By Stephen Nellis (Reuters) – Apple Inc on Thursday forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as …

TOKYO (Reuters) – Japan’s services sector activity grew at its fastest pace in three months in January, but worsening inflation and employment trends point to challenges ahead, a business survey …

By Aditya Kalra and Davide Barbuscia NEW DELHI/NEW YORK (Reuters) – Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source …