Business News

(This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) By Francesco Canepa FRANKFURT (Reuters) – European Central Bank staff are losing confidence in the …

By Virginia Furness and Simon Jessop LONDON (Reuters) – As boardroom bosses and billionaires mingle in the snowy streets of Davos, corporate sustainability is a key topic of discussion. Yet …

By Norihiko Shirouzu BEIJING (Reuters) – Chinese electric vehicle (EV) giant BYD is embarking on a rapid global expansion to challenge Tesla but for now it’s stuck in the slow …

By Mike Dolan LONDON (Reuters) -The U.S. dollar’s accelerating decline from the heady highs of 2022 has a ways to go yet – but the speed of the drop may …

By Maha El Dahan and Yousef Saba DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting …

By Maha El Dahan DAVOS, Switzerland (Reuters) – Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic partnership between Riyadh and Washington was “beyond …

BEIJING (Reuters) – Most Chinese provinces aim for economic growth of above 5% this year, pledging to focus on boosting consumption following a lifting of stringent COVID curbs, according to …

By Rae Wee SINGAPORE (Reuters) – Japan’s yen, long favoured as a safe-haven and funding currency, has in recent weeks become so enmeshed in market speculation over central bank policy …

TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its …

(Corrects fiscal year in paragraph 17 to March 2025 (not 2024) By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, …

BERLIN (Reuters) – The proportion of women on the executive and supervisory boards of large companies in Germany continued to grow in 2022 but at a slower rate than the …

MILAN (Reuters) – The European economy may be able to avoid the shallow recession expected this year though the effect of higher rates will made itself felt with a lag …

By David Milliken LONDON (Reuters) – British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on …

DAVOS, Switzerland (Reuters) – China’s opening up is important for the world and there is good news from market friendly measures taken there, Citi Group’s chief executive Jane Fraser told …

DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday that China “is very important for Saudi” and its largest trade partner, “but also the U.S. is a very …

AMSTERDAM (Reuters) -Just Eat Takeaway.com NV, Europe’s largest meals delivery company, said on Wednesday that its orders fell in the fourth quarter of last year, but shares leapt on a …

ZURICH (Reuters) – U.S. Treasury Secretary Janet Yellen told Chinese Vice Premier Liu He in Zurich on Wednesday that the world’s two largest economies share a responsibility to manage their …

ZURICH (Reuters) -Barry Callebaut announced a new lower three-year guidance for sales volumes growth on Wednesday, citing a return to pre-COVID demand levels. Volumes fell 5.1% in the three months …

LONDON (Reuters) – British luxury brand Burberry is seeing “very promising” signs in China so far this month after the lifting of strict COVID-19 curbs in the country, Chief Financial …

(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected …

PARIS (Reuters) – European Central Bank (ECB) member Francois Villeroy de Galhau reaffirmed on Wednesday his determination to bring inflation in the euro zone down to around 2% by 2024 …

By Choonsik Yoo SEOUL (Reuters) -South Korea’s central bank chief said on Wednesday it will have to pay attention to the trade-off between managing inflation, economic growth and financial stability …

PARIS (Reuters) – Carmaker Stellantis and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby Terrafame will supply Stellantis with nickel sulphate over a five-year period, …