Business News

(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008, official data …

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korean display panel maker LG Display said it planned to cut costs in the first half of this year after …

By Krystal Hu, Sneha Bhowmik and Juby Babu (Reuters) -Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives …

BANGKOK (Reuters) – Thailand’s finance ministry on Friday maintained its economic growth outlook for 2023 at 3.8%, helped by a rebound in tourism and domestic demand, but an official said …

SAN FRANCISCO/SEOUL (Reuters) – LG Energy Solution said on Friday it is in “active discussions” with Tesla and electric vehicle startups to supply batteries from the supplier’s proposed Arizona factory …

By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, …

SEOUL (Reuters) – South Korea’s financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the local stock market with high-frequency …

By David Shepardson WASHINGTON (Reuters) – Senator Debbie Stabenow thwarted a bid on Thursday by fellow Democrat Joe Manchin to pass a measure that would block some electric vehicles from …

By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose 4.3% in January from a year earlier, marking …

(Reuters) -Shares of BuzzFeed Inc jumped on Thursday on reports of a deal with Meta Platforms Inc and plans to use artificial intelligence to personalize and enhance the digital media …

(Reuters) – Wells Fargo & Co Chief Executive Officer Charles Scharf’s total compensation for 2022 was unchanged at $24.5 million, the Wall Street bank said in a regulatory filing on …

By Stephen Culp NEW YORK (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed …

BENGALURU (Reuters) – Adani Group said on Thursday it is evaluating “remedial and punitive action” under U.S. and Indian laws against short-seller Hindenburg Research, which in a report accused the …

By Nichola Groom (Reuters) -A bipartisan group of lawmakers in the U.S. House of Representatives on Thursday introduced a resolution to repeal President Joe Biden’s suspension of import tariffs on …

By Andrea Shalal SILVERTON, South Africa (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co’s 100-year history of assembling vehicles in South Africa and underscored …

By Mehnaz Yasmin (Reuters) -Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in …

(Reuters) -Bed Bath & Beyond Inc said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank N.A., triggering a 22% slump in its …

BOGOTA (Reuters) – Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. …

By Jane Lanhee Lee and Chavi Mehta (Reuters) – Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for …

By Svea Herbst-Bayliss NEW YORK (Reuters) – Elliott Management Corp, the activist investment firm that recently made a multimillion-dollar investment in Salesforce, plans to nominate several director candidates at the …

By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc’s fourth-quarter distributable earnings fell 41% year-on-year as the world’s largest manager of alternative assets said on Thursday it cashed out fewer investments …

WASHINGTON (Reuters) -Sen. Elizabeth Warren, an outspoken critic of corporate consolidation, wrote to the U.S. Federal Trade Commission to express concern about two pending pharmaceutical deals. In a letter dated …

By Hannah Lang and Douglas Gillison (Reuters) – U.S. Democratic Senators Elizabeth Warren and Ron Wyden are calling on the country’s accounting watchdog to increase oversight of firms that audit …

By Norihiko Shirouzu, Gilles Guillaume and Maki Shiraki TOKYO/PARIS (Reuters) -French car maker Renault and its Japanese partner Nissan Motor aim to formally unveil a deal to reshape their alliance …

By Tatiana Bautzer SAO PAULO (Reuters) – A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA sent and …