Business News

MEXICO CITY (Reuters) – Mexico’s headline inflation is forecast to have remained steady during the first half of January while core inflation is seen slowing, a Reuters poll showed on …

By Sruthi Shankar and Amruta Khandekar (Reuters) -European stocks climbed on Monday, with technology firms spearheading gains, as optimism about the eurozone economy likely avoiding a steep recession overshadowed hawkish …

By Kate Abnett BRUSSELS/AMSTERDAM (Reuters) -The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s …

ROME (Reuters) – Enel X Way, the e-mobility division of Italy’s biggest utility Enel, will make available its domestic and street charging services to Toyota and Lexus drivers, Enel and …

JOHANNESBURG (Reuters) -South African retailer TFG’s third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday. The …

By Nate Raymond (Reuters) – The U.S. Supreme Court on Monday threw out a case about the scope of attorney-client privilege involving a law firm’s bid to withhold records from …

By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan’s central bank on Monday raised its key interest rate by 100 basis points to 17% in a bid …

ABUJA (Reuters) – Nigeria’s tax receipts rose 56% in 2022 to 10 trillion naira ($22 billion), its highest collection on record, the head of the country’s revenue service said on …

NEW DELHI (Reuters) -Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday, as the …

By Jeffrey Dastin (Reuters) -Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage …

(Reuters) -Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the …

By Arunima Kumar and Liz Hampton (Reuters) -Baker Hughes Co on Monday reported results that missed Wall Street’s fourth-quarter profit estimate but offered an upbeat outlook on rising demand for …

(Reuters) – A gauge of future U.S. economic activity tumbled for a 10th straight month in December with a widespread weakening outlook for manufacturing, home building and both job and …

(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It is unclear what Elliott, …

By William Schomberg and David Milliken LONDON (Reuters) -Britain is lagging its peers in the race to spur economic growth and Prime Minister Rishi Sunak must act now to boost …

PARIS/TOKYO (Reuters) – Renault’s chairman and CEO will not travel to Japan for a board meeting on how to reshape the French carmaker’s alliance with Nissan this week but instead …

By Yuvraj Malik and Aditya Soni (Reuters) – Slower cloud spending by inflation-hit businesses is expected to stall the sales momentum at Amazon.com Inc and Microsoft Corp and add to …

By Aditi Shah and Nandan Mandayam NEW DELHI/BENGALURU (Reuters) -Amazon.com Inc on Monday launched a dedicated air cargo service in India, Amazon Air, as it looks to expand and speed-up …

By Hannah Lang (Reuters) – New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers’ crypto assets from their own, after alleged …

(Reuters) – Newell Brands Inc said on Monday it will cut about 13% of its office positions, in a bid to save costs amid stubbornly high inflation that has pressured …

By Andrea Shalal LUSAKA (Reuters) -Two of the world’s most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how …

(Reuters) – Publicis has appointed WPP’s Demet Ikiler as its chief operating officer for Europe, Middle East and Africa (EMEA), the French advertising agency said on Monday. Ikiler, who joins …

By Pablo Mayo Cerqueiro and Toby Sterling LONDON/AMSTERDAM(Reuters) – Dutch insurer ASR will consider a sale of its banking arm after completing its acquisition of rival Aegon’s domestic operations, a …

By Jamie McGeever ORLANDO, Fla. (Reuters) -A key part of the U.S. yield curve is the most inverted in decades and for hedge funds, enough is enough. Commodity Futures Trading …