Business News

WASHINGTON(Reuters) – U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers. The …

By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s upbeat earnings showed that it was making up for a …

By David Milliken LONDON (Reuters) – British house prices dropped by a bigger-than-expected 0.6% in January and are now 3.2% below their peak in August, following a surge in borrowing …

(Reuters) – Airlines canceled over 1,800 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,897 flights within, …

TORONTO (Reuters) – Canadian manufacturing activity expanded in January for the first time in six months as an uptick in domestic demand led to firms increasing production and inflation pressures …

By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a …

(Reuters) – Tesla Inc said on Tuesday it has received requests from the U.S. Department of Justice for documents related to the electric vehicle company’s driver assist system, Autopilot, and …

(Reuters) -T-Mobile US Inc missed fourth-quarter revenue estimates on Wednesday despite adding thousands of wireless subscribers, as competitors ramped up their holiday season handset offers to lure customers. The U.S. …

MOSCOW (Reuters) – Russians’ deposits with non-resident banks increased by around 2.5 times between January and November last year to almost 5 trillion roubles, around $82 billion according to the …

By Aluisio Alves SAO PAULO (Reuters) – Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such …

By Catarina Demony and Miguel Pereira LISBON (Reuters) – Europe was entering an “inevitable” post-pandemic period of airline consolidation as legacy flag-carriers struggle to navigate through a competitive landscape, the …

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission on Wednesday proposed allowing increased levels of state aid so that Europe can compete with the United States as a manufacturing hub …

By Uditha Jayasinghe COLOMBO (Reuters) – The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri …

LONDON (Reuters) – British manufacturers saw their business shrink for a sixth month in a row in January, kicking off a tough 2023 when the country’s economy looks set to …

(Reuters) – Johnson Controls International reported lower-than-expected first-quarter revenue on Wednesday, as the provider of heating and air-conditioning systems for offices, hospitals and schools struggled with supply chain logjams. The …

By Layli Foroudi and Leigh Thomas PARIS (Reuters) – French railway worker Franck Viger-Brunet says he and his comrades have to count carefully the costs of going on strike to …

(Reuters) – PayPal Holdings Inc will need to cut more costs with its payment volumes expected to shrink as customers batten down the hatches to prepare for a potential economic …

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s consumer price index rose 27.5% year-on-year in January, the statistics bureau said on Wednesday, underscoring consistently high inflation amidst economic turmoil in …

SANTIAGO (Reuters) – Chile’s economy performed better than expected in December but still ended 2022 in negative territory as the world’s largest copper producer faces a slowdown after a rapid …

FRANKFURT (Reuters) -Euro zone inflation eased for the third straight month in January but any relief for the European Central Bank may be limited as underlying price growth held steady …

BEIRUT (Reuters) -Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Volatility-linked funds estimated to be buying as much as $2 billion in U.S. equities daily are helping drive this year’s rebound in …

A look at the day ahead in U.S. and global markets from Mike Dolan. After a heady January brew, investors now see triples all round. Global stock markets put in …

By Paul Sandle LONDON (Reuters) -Vodafone reported a steeper-than expected slowdown in its third quarter, the first under interim boss Margherita Della Valle, after service revenue in Spain slumped and …

By Valerie Insinna SEATTLE (Reuters) -Boeing bid farewell to the iconic 747, delivering the final plane to Atlas Air on Tuesday afternoon and marking an end of an era when …