Business News

SHANGHAI (Reuters) – JPMorgan and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China as it encourages expansion by foreign companies after lifting its restrictive COVID-19 …

By Josh Ye HONG KONG (Reuters) – China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, …

By Chayut Setboonsarng and Farah Master BANGKOK/HONG KONG (Reuters) – As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund ValueAct Capital urged Seven & i Holdings shareholders on Thursday to back a spin-off of the company’s 7-Eleven convenience store chain, arguing …

SINGAPORE (Reuters) -Sun Life Financial Inc has struck a 15-year bancassurance partnership in Hong Kong with Dah Sing Bank, a move that is likely to boost the Canadian insurer’s presence …

SINGAPORE (Reuters) – China’s coal imports from Russia dropped in December as logistics issues and inclement winter in Russia curbed shipments and Chinese demand weakened amid surging COVID infections. Some …

By Leika Kihara TOKYO (Reuters) – A new monetary tool introduced by the Bank of Japan to keep long-term interest rates from rising could ultimately become a new policy target …

By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer prices in December rose 4.0% from a year earlier, double the central bank’s 2% target, hitting a fresh 41-year …

(Reuters) – Australia’s competition regulator said on Friday it was seeking market views on the proposed sale of MBCC Group’s assets in the country by Swiss chemicals maker Sika AG. …

SHANGHAI (Reuters) – China kept benchmark lending rates unchanged for a fifth month on Friday, as expected, but analysts say future cuts are possible as the central bank has pledged …

By Paritosh Bansal and Divya Chowdhury DAVOS, Switzerland (Reuters) – In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for …

By Howard Schneider and Bianca Flowers WASHINGTON/CHICAGO (Reuters) -The chances of a “soft landing” for the U.S. economy appear to be growing, Federal Reserve Vice Chair Lael Brainard said on …

By Paul Lienert and Joseph White DETROIT (Reuters) – Tesla Inc earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk …

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix Inc co-founder Reed Hastings stepped down as chief executive of the company that upended Hollywood by delivering movies and TV …

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s export-dependent economy is forecast to have contracted in the fourth quarter, putting in its worst performance in 2-1/2 years as …

By Deena Beasley (Reuters) -Eli Lilly and Co on Thursday said the U.S. Food and Drug Administration had rejected accelerated approval of its experimental Alzheimer’s drug because it had not …

MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte expects to grow its profitability in 2023, it said on Thursday, after reporting a 28% year-on-year increase in fourth-quarter net income. The bank …

(Reuters) -LATAM Airlines, South America’s largest carrier, sees double-digit revenue growth this year, according to company guidance published in a statement on Thursday, as many airlines chart a more profitable …

(Reuters) – E-commerce giant Amazon.com Inc said on Thursday it will increase the prices of some of its music subscription plans from February. The price of Amazon Music’s ‘Unlimited Individual …

(Reuters) -British finance minister Jeremy Hunt wants to extend a 5 pence cut in the price of petrol and diesel for another year in his spring budget, The Times reported …

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Thursday after data pointing to a tight labor market renewed concerns the Federal Reserve will continue its …

By Gabriel Araujo, Peter Frontini and Carolina Pulice SAO PAULO (Reuters) -A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA’s bankruptcy protection request, days after the company …

BRASILIA (Reuters) – Brazil’s central bank will act independently, governor Roberto Campos Neto said Thursday, adding that the formal autonomy status showed resilience and capacity to stabilize markets. “We are …

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and …