Business News

By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in the global luxury retail market, but many consumers see more …

By Aishwarya Nair and Abhijith Ganapavaram (Reuters) -U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations …

By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia’s finance ministry on Thursday proposed scrapping liquidity restrictions for spending on “anti-crisis” investments from its National Wealth Fund (NWF), citing the need …

By Joseph White DETROIT (Reuters) – The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon …

By Andrea Shalal and Kopano Gumbi PRETORIA (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday lauded South Africa’s “bold” participation in an energy transition partnership backed by the United States …

PARIS (Reuters) – Airbus intends to recruit more than 13,000 people globally in 2023, the European aircraft maker said in a statement on Thursday. It said the new hires would …

By Ankika Biswas and Amruta Khandekar (Reuters) – European shares rose on Thursday as upbeat results eased some worries about a profit hit from higher borrowing costs, while U.S. economic …

By Valentine Hilaire MEXICO CITY (Reuters) -Panama will not allow Canada’s First Quantum to expand the area of its existing copper mining operations, the deputy environment minister told Reuters, stressing …

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed – the biggest one-day drop in over …

By Scott Murdoch, Yantoultra Ngui and Roxanne Liu SYDNEY/SINGAPORE (Reuters) – China’s reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting …

By Diana Mandia (Reuters) -Elior posted a smaller-than-expected rise in first quarter sales on Thursday as the French catering group renegotiates prices with clients, sending its shares 13% lower. After …

(Reuters) -Mobileye Global Inc forecast fiscal 2023 revenue higher than analysts’ projections and delivered better-than-expected earnings in the fourth quarter, as vehicle makers lapped up its driver-assistance technology. The company …

By Ankit Kumar (Reuters) -Dow Inc on Thursday forecast current-quarter revenue below estimates and said it would cut about 2,000 jobs as the chemical giant navigates challenges including inflation and …

By Clara Denina LONDON (Reuters) – Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase …

By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country’s current funding programme, …

By Niket Nishant (Reuters) -Mastercard Inc forecast current-quarter revenue growth short of Wall Street estimates on Thursday, saying the boost from pent-up demand for travel will diminish going forward. The …

ZURICH (Reuters) -GAM expects to report a net loss after tax of approximately 309.9 million Swiss francs ($335.83 million) for the full year 2022, after experiencing negative asset flows, the …

By Marie Mannes STOCKHOLM (Reuters) -Swedish industrials group Atlas Copco reported softer-than-expected fourth-quarter profits on Thursday and said demand was expected to remain around current levels, sending its share price …

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is close to clinching a deal with European Union competition authorities to reintroduce a scheme under which the state provides …

WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased for a third straight month in December as mortgage rates continued to decline, offering hope that the struggling housing market …

BERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by rising prices, the BGA wholesale and foreign trade association said …

By Niklas Pollard STOCKHOLM (Reuters) -Swedish banking group SEB beat fourth-quarter net profit forecasts on Thursday on higher interest income after central bank rate hikes and trading gains, prompting it …

ISTANBUL (Reuters) -Turkey’s central bank said on Thursday it would provide foreign exchange conversion support to companies that bring in foreign currency from abroad, including exporters and tourism firms. Firms …

By Huw Jones LONDON (Reuters) -Norwegian bank DNB is holding ineligible bonds in one of its main capital buffers and they should be replaced, the European Union’s banking watchdog said …

NEW YORK (Reuters) – The U.S. economy kept up a strong pace of growth in the fourth quarter, but momentum appears to have slowed considerably towards year-end, with higher interest …