Business News

By Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs Group Inc. slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in …

By Shariq Khan, Laura Sanicola and Seher Dareen (Reuters) – Jet fuel prices have risen to levels never recorded in January as demand from China’s lifting of COVID-19 travel restrictions …

By Ankika Biswas and Amruta Khandekar (Reuters) – European shares ended higher on Friday as investors assessed mixed earnings from the region, while easing inflation in the United States bolstered …

By Hannah Lang (Reuters) -The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank’s application to become a member of the Federal Reserve System, saying the bank’s proposed business model …

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -To listen to Goldman Sachs Group Inc Chief Executive David Solomon, the bank is doing “great,” while skeptical investors wonder what …

MILAN (Reuters) – Goldman Sachs is one of various fund and bank investors that have expressed interest in financing the growth of the media business of Italy’s top-flight soccer league, …

AMSTERDAM (Reuters) – The Netherlands’ Prime Minister Mark Rutte said on Friday that it is not clear whether his government will disclose the result of ongoing talks with the U.S. …

OTTAWA, Jan 27 (Reuters) – Canada recorded a C$3.55 billion ($2.67 billion) budget deficit for the first eight months of the 2022/23 fiscal year, partly due to higher debt charges, …

BRASILIA (Reuters) – Brazil’s central government reported its first primary budget surplus in nine years, driven by record revenues, but which does not pave the way for continued fiscal improvement, …

By Sabrina Valle HOUSTON (Reuters) – Chevron Corp on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell …

BEIJING (Reuters) – Almost a quarter more domestic Chinese tourism trips have been made during this year’s Lunar New Year holiday, while cross-border travel more than doubled in the first …

ROME (Reuters) -Italy’s Treasury on Friday said it had signed a letter of intent with Lufthansa over the sale of a minority stake in state-owned airline ITA Airways, paving the …

(This Jan. 26 story has been corrected to show Essity’s energy costs were helped by subsidies, not that it received 500 million Swedish crowns in energy-related subsidies, in the fifth …

By Svea Herbst-Bayliss (Reuters) – Salesforce Inc on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better cost …

By Paul Lienert (Reuters) – Tesla Inc’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. …

By Manya Saini (Reuters) -American Express Co’s upbeat profit forecast for the year on Friday eased worries of economic uncertainty denting consumer spending and sent its shares up 10% in …

(Reuters) – U.S. consumers entered 2023 with the most optimism in nine months, buoyed by healthy incomes and easing inflation even as most worry a recession could trip up the …

By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve policymakers are finally seeing some sustained progress in sapping high inflation, cementing their plan to raise interest rates by a quarter …

By Sarah Young LONDON (Reuters) – Shares in Rolls-Royce fell as much as 4% on Friday after its new CEO warned staff the aerospace company, Britain’s premier blue-chip engineering group, …

(Reuters) -Weekly inflows into stocks in the week to Wednesday were the largest in six weeks, data from BofA Global Research showed, as China’s reopening of its borders and expectations …

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank will keep a wary stance next week against strong criticism from recently elected President Luiz Inacio Lula da Silva, maintaining …

WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes increased for the first time in seven months in December as mortgage rates declined, another hopeful sign that the embattled …

By Chris Thomas, Sriram Mani and Aditya Kalra MUMBAI (Reuters) -Shares of India’s Adani Enterprises plunged on Friday after a scathing report by a U.S. short seller triggered a selloff …

By Daniel Wiessner (Reuters) – Twitter Inc has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, …

By Jane Lanhee Lee and Chavi Mehta OAKLAND, Calif/BANGALORE (Reuters) -Microprocessor giant Intel Corp says it will regain its footing against AMD and other chip rivals which are gobbling up …