Business News

By Dan Burns (Reuters) – Confidence among U.S. single-family homebuilders improved for the first time in more than a year in January, potentially signaling the housing slump may have reached …

WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in December and output in the prior month was weaker than previously thought, indicating that manufacturing was rapidly losing …

(Reuters) -Coinbase Global Inc is halting its operations in Japan due to volatile market conditions, the cryptocurrency exchange said on Wednesday, days after it announced job cuts amid waning demand …

PARIS (Reuters) – Air France-KLM said on Wednesday it had informed the Italian government it would not bid for an equity stake in its flag carrier ITA Airways. Sources earlier …

By Holger Hansen BERLIN (Reuters) -Germany is set to dodge a widely expected recession this year, a source told Reuters on Wednesday, adding to a chorus of voices predicting a …

By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -A seismic policy shift by Japan’s central bank is still a matter of when not if, say investors now hunkering down for …

WASHINGTON (Reuters) – U.S. producer prices fell more than expected in December as the costs of energy products and food declined, offering more evidence that inflation was receding. The producer …

PARIS (Reuters) – New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for governments, more than previously expected, the Organisation for Economic …

DAVOS, Switzerland (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising …

LONDON (Reuters) – UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to …

By Amy-Jo Crowley LONDON (Reuters) – Activist shareholders stepped up pressure on corporate boardrooms last year by starting 235 campaigns to shake up companies, including a record number in Europe. …

By Joanna Plucinska and Tim Hepher DUBLIN (Reuters) – The airline industry plans to invoke EU rights to freedom of movement to push back against environmental restrictions on short-haul flights, …

LONDON (Reuters) – Empty offices globally should be converted to apartments to address a growing housing crisis in many countries, property executives told the World Economic Forum in Davos on …

DUBLIN (Reuters) – Airbus and Boeing will find it challenging to meet intermediate delivery targets this year on their way to ramping up production sharply in the coming years, an …

(Reuters) – Morgan Stanley said on Wednesday it had promoted 184 executives to the role of managing directors, less than the 199 a year earlier, after a challenging 2022 for …

ZURICH (Reuters) -Credit Suisse is seeing a reversal of outflows, CEO Ulrich Koerner said in an interview with CNBC in Davos on Wednesday. “Outflows have reduced very significantly and we …

(Reuters) – Semafor is planning to buy out FTX founder Sam Bankman-Fried’s roughly $10 million investment in the news startup, the New York Times reported on Wednesday, citing the company’s …

(Reuters) – The average interest rate on the most popular U.S. home loan dropped to its lowest level since September as more evidence inflation is past its peak sent Treasury …

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) -Indonesia said on Wednesday it missed oil and gas production targets last year but expects long-stalled gas projects, the Indonesia Deepwater Development (IDD) …

MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Wednesday did not rule out the Italian bank reassessing a potential acquisition of Monte dei Paschi di Siena in the future, after …

By Tim Hepher and Padraic Halpin DUBLIN (Reuters) – A battle for compensation is brewing over delays in the delivery of commercial jets, with a Dublin aviation summit descending into …

A look at the day ahead in U.S. and global markets from Mike Dolan. Judging by Wednesday’s reaction, world markets reckon Japan will eventually abandon its ultra-loose monetary policy despite …

DAVOS, Switzerland (Reuters) – An improved economic outlook gives Europe the chance to double-down on efforts to boost its industrial competitiveness in key sectors from clean energy to semiconductors, EU …

By Jonathan Spicer, Marc Jones and Canan Sevgili ISTANBUL/LONDON – Turks beset for years by soaring inflation and currency crashes will soon decide whether to forge ahead with President Tayyip …

By Allison Lampert and Abhijith Ganapavaram (Reuters) – New York excavation contractor Brian Dietz does not view higher air fares as a deal-breaker for flying and airlines are seeing more …