Business News

By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after …

By Maria Carolina Marcello BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Thursday issued his latest threat to the autonomy of the country’s central bank a day after …

By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc, the online retailer long feared to disrupt the grocery sector, believes it has fallen short. The company has paused expansion …

By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian (Reuters) – The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message …

SEOUL (Reuters) – South Korea’s finance minister said on Friday the country’s exports and investment would be weak at least through the first half of the year and that the …

By Aftab Ahmed, Chris Thomas and Aditya Kalra NEW DELHI/MUMBAI (Reuters) – Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day …

By Michael Erman and Sriparna Roy (Reuters) -Gilead Sciences Inc on Thursday reported a higher-than-expected fourth-quarter profit driven by strong demand for its HIV and cancer drugs, while COVID-19 antiviral …

By Jessica DiNapoli and Deborah Mary Sophia (Reuters) – Clorox Co Chief Financial Officer Kevin Jacobsen said on Thursday that the bleach maker has no more price hikes planned through …

(Reuters) -Kohl’s Corp said on Thursday that interim Chief Executive Officer Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, will take over the role on …

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder’s bail conditions, his lawyer said …

By David Shepardson WASHINGTON (Reuters) -The Federal Trade Commission (FTC) rejected a petition filed by Facebook-parent Meta seeking the recusal of Chair Lina Khan from participating in any decision concerning …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed, ECB, and BoE have spoken, and the market’s message is: We …

By Aditya Soni and Medha Singh (Reuters) – Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook …

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks climbed for a third straight day and longer-dated U.S. Treasury yields were flat on Thursday, as policy announcements …

By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) has received a non-binding bid for a controlling stake in its fixed-line network from U.S. fund KKR, and Italy’s biggest phone …

By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will roll out a new 2,000-peso bill, the central bank said on Thursday, which would double the face value of the country’s …

(Reuters) -Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, …

NEW YORK (Reuters) – Goldman Sachs Group Inc has appointed Akila Raman as chief commercial and strategy officer of transaction banking within its newly formed Platform Solutions unit, according to …

By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the dollar strengthened, making crude more expensive for non-American buyers. Brent …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Nelson Peltz’s hedge fund Trian Fund Management wrote to Walt Disney Co shareholders on Thursday to make the case for replacing the …

PARIS (Reuters) – The Organisation for Economic Cooperation and Development detailed on Thursday the final guidance for governments on how to bring the new global minimum corporate tax into their …

By Jamie McGeever ORLANDO, Fla. (Reuters) – The mood at the annual ‘Miami hedge fund week’ gatherings this week was as bright as the winter sunshine, with one notable dark …

By Karen Brettell NEW YORK (Reuters) – The euro dipped against the dollar on Thursday after the European Central Bank raised interest rates by a widely expected 50 basis points, …

WASHINGTON (Reuters) – TikTok, owned by China’s ByteDance, should be removed from app stores run by Apple Inc and Alphabet’s Google because the short video social media app poses a …