Business News

By Scott Murdoch, Julie Zhu and Rae Wee HONG KONG (Reuters) -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more …

(Reuters) -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with …

By Arriana McLymore RALEIGH, North Carolina (Reuters) – Merchants who sell on Amazon.com want the online retailer to cut back on fees while some also worry the U.S. Federal Trade …

(Reuters) -Hui Ka Yan, the chairman of China Evergrande Group, has been placed under police surveillance, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Hui was …

(Reuters) – Airbus, the biggest shareholder in French artificial heart maker Carmat, said on Wednesday it was aware of Carmat’s financial difficulties but did not say whether it would support …

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX, has been preparing for his Oct. 3 trial on fraud charges from behind bars …

By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from …

By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, saying economic growth and inflationary pressures …

A look at the day ahead in U.S. and global markets by Mike Dolan The Federal Reserve has been so successful in preventing markets from running away with the prospect …

FRANKFURT (Reuters) -The amount of money circulating in the euro zone shrank by the most on record last month as banks curbed lending and depositors locked up their savings, two …

MANTOLOKING, NJ – Nestled in the picturesque Mantoloking community along the famed Jersey Shore, a stunning new custom home has emerged as a symbol of coastal luxury living. Priced at …

TOKYO (Reuters) -Mitsubishi Motors has decided to end automobile production in China, the Nikkei newspaper reported on Wednesday. The Japanese automaker is making final arrangements with its local joint venture …

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Hollywood’s writers union said its members could return to work on Wednesday while they decide whether to approve a three-year deal …

By Nate Raymond (Reuters) -Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S. local governments and school districts alleging it fueled …

BEIJING (Reuters) – Profits at China’s industrial firms extended a double-digit drop for the first eight months, but the pace of declines eased slightly as a flurry of policy support …

NAIROBI (Reuters) – Kenya’s struggle with a heavy debt load and pressure on its hard currency reserves is not unique since other nations are facing the same situation, its finance …

BEIJING (Reuters) – China resolutely opposes the United States putting some Chinese entities into an export control list and imposing sanctions, the commerce ministry said on Wednesday. “The U.S. should …

BEIJING (Reuters) -China is expected to achieve economic growth of slightly more than 5% this year, an adviser to the central bank said on Wednesday. China’s economic situation is very …

By Lewis Jackson SYDNEY (Reuters) -PwC Australia gave multiple clients confidential information leaked from Australian government tax briefings, the company said on Wednesday, the first admission that clients other than …

SYDNEY (Reuters) – The chairman of Australia’s Qantas Airways on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted …

By Elizabeth Pineau PARIS (Reuters) -Airbnb is expecting to host up to half a million people in Paris during the 2024 Olympics and is urging more Parisians to put their …