Business News

NEW YORK (Reuters) – Investment bank Lazard Ltd reported an 80% decline in fourth-quarter profit on Thursday as dealmaking slumped, but its chief executive predicted improving market sentiment could revive …

By Ann Saphir WASHINGTON (Reuters) – Financial markets this week latched on to what U.S. Federal Reserve Chair Jerome Powell called “most welcome” disinflation, betting it signals the central bank’s …

By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development unit, but forecast China’s easing …

(Reuters) – Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, is naming Karen Karniol-Tambour as its third co-chief investment officer. Karniol-Tambour, 37, joins Bob Prince and Greg Jensen …

By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and …

By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly and Co missed Wall Street estimates for fourth-quarter sales of both the closely-watched new type 2 diabetes drug Mounjaro and its …

By Arunima Kumar and Liz Hampton (Reuters) -ConocoPhillips said on Thursday its profit more than doubled to $18.7 billion in 2022, the highest since the oil company spun off its …

By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit …

By Mathieu Rosemain and Dominique Vidalon PARIS (Reuters) – Casino’s preliminary talks with Teract to combine their French retail activities perplexes some analysts, who say a deal wouldn’t address the …

By Howard Schneider, Balazs Koranyi and William Schomberg WASHINGTON/FRANKFURT/LONDON (Reuters) – Global central banks that raced to raise interest rates last year amid soaring inflation are now laying the groundwork …

(Reuters) -New York Stock Exchange-owner Intercontinental Exchange Inc on Thursday reported a fourth-quarter profit slightly below Wall Street expectations, as rising interest rates weighed on the company’s mortgage software business, …

By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Central bank policy announcements, once viewed as the rule book for how markets should move, are not resonating with traders any …

By Dan Levine and Mike Spector (Reuters) – Attorney Greg Gordon, a partner at the Jones Day law firm, offered an innovative solution to Johnson & Johnson and other major …

LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after bond markets rallied this year. Sherman, who helps to …

By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the …

By Alison Frankel (Reuters) – In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it …

LOS ANGELES (Reuters) -Netflix Inc has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors and other automakers. The streaming service announced an agreement …

By Federica Urso and Federico Maccioni (Reuters) -CNH Industrial said on Thursday its 2023 net sales of industrial activities would grow by 6-10%, after the group posted stronger-than-expected results in …

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one more hike of the …

By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest rates on …

MADRID (Reuters) – Workers at an Amazon logistics centre on the outskirts of Barcelona protested on Thursday on the second day of an indefinite strike sparked by the company’s plans …

ISLAMABAD (Reuters) -Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan. 27, the State Bank of Pakistan (SBP) said …

By Amruta Khandekar and Ankika Biswas (Reuters) – Euro zone shares hit their highest level in nearly a year on Thursday, as hawkish messages from the European Central Bank (ECB) …

By Bianca Flowers and Aishwarya Nair (Reuters) -Harley-Davidson Inc reported higher-than-expected quarterly profit on Thursday as a boost in bike shipments, coupled with strong pricing, allowed the motorcycle maker to …

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank CEO Christian Sewing on Thursday refused to rule out job cuts as the bank strives to lower costs, in …