Business News

(Reuters) – JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending, a person with knowledge of the matter …

(Reuters) – Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company’s …

By Mark John DAVOS, Switzerland (Reuters) – The United States pitched its vision of “worker-centric” trade. China promised an “all-round opening up”. Europe spoke of its quest for strategic autonomy. …

By Joanna Plucinska and Ilona Wissenbach DUBLIN (Reuters) – German airline Lufthansa’s bid for a minority stake in Italy’s ITA Airways has ignited talk of further potential sector consolidation as …

WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday began using extraordinary cash management measures to continue borrowing under the federal debt limit, Treasury Secretary Janet Yellen told congressional leaders. …

WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded in December, but the increase was likely temporary as permits for future construction continued to decline amid higher mortgage rates. Single-family housing starts, …

(Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. …

By Forrest Crellin, Benjamin Mallet and America Hernandez PARIS (Reuters) -A nationwide strike against pension reform in France led to a substantial fall in electricity output and halted deliveries from …

MILAN (Reuters) – Italy’s UniCredit may have room to pay out more to shareholders from 2022 earnings than the year before, potentially adding to rewards that were already among the …

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank pushed back on Thursday against market bets that it would slow the pace of its interest rate hikes …

By Lindsay Dunsmuir (Reuters) – The Federal Reserve will probably need to raise interest rates to “just above” 5% and then hold them there for a period, Boston Fed President …

By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn …

By Elisa Anzolin and Federico Maccioni MILAN (Reuters) -Italy’s EuroGroup Laminations, a maker of electric motor components, said on Thursday it planned to launch a new share offering in Milan …

(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in an interview with CNBC on …

DAVOS, Switzerland (Reuters) – Trade blocs seeking to skirt geopolitical risk by “friend-shoring” activities to like-minded countries should be careful which commerce partners they favour, World Trade Organization chief Ngozi …

SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol on Thursday called for strengthening the resilience of global supply chains, describing it as one of the most urgent tasks facing the …

By Angelo Amante, Giuseppe Fonte and Ilona Wissenbach ROME/FRANKFURT (Reuters) – German carrier Lufthansa said on Wednesday it had offered to buy an minority stake in ITA Airways, betting on …

A look at the day ahead in U.S. and global markets from Mike Dolan. World markets have been spooked by the prospect the U.S. may be heading for recession after …

By Liz Hampton (Reuters) – Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who …

By Aditi Shah and Arpan Chaturvedi NEW DELHI (Reuters) -A union in India has sued General Motors’ local unit and its global CEO for failing to pay court-ordered compensation to …

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in …

BRUSSELS (Reuters) – Consumer goods group Unilever secured a partial victory at the European Union’s highest court on Thursday over a 60 million euro ($65 million) fine imposed on it …

By Huw Jones LONDON (Reuters) – More Brexit-related relocations from London and rise in trading increased the number of bankers earning more than a million euros a year in the …

By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher lending income though higher costs took some of …

By Jayshree Pyasi MUMBAI (Reuters) – An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and …