Business News

By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. The main surprise in Asia was provided by a Yomiuri …

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment …

By Valentine Hilaire (Reuters) – The 10-day limit set by Panama’s government last month for Canadian miner First Quantum to offer a plan to shut down its copper mine amid …

By Jeffrey Dastin (Reuters) -A U.S. labor board director has upheld Amazon.com Inc workers’ landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing …

By Peter Frontini and Carolina Pulice SAO PAULO/MEXICO CITY (Reuters) – Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer resigned after the discovery of …

By Saeed Azhar, Sinead Cruise and Selena Li NEW YORK/LONDON/HONG KONG (Reuters) -Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of …

(Reuters) – Sandwich chain Subway is exploring a sale of its business, a source told Reuters on Wednesday. The sale could value the sandwich chain at more than $10 billion, …

By Jamie Freed (Reuters) -China’s outbound flight bookings were at only 15% of pre-pandemic levels in the week after the country announced it would reopen its borders, despite a 192% …

By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government will announce a list of 10 prescription drugs for which it plans to negotiate the prices for Medicare recipients on Sept. …

By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador, which became the first country in the world to recognize bitcoin as a legal tender two years ago, approved on Wednesday …

By Tom Hals (Reuters) – A lawsuit alleging Elon Musk manipulated Tesla Inc’s stock in 2018 should go to trial next week and he will be able to find unbiased …

By Jonathan Stempel (Reuters) – Lucid Group Inc on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company …

(Reuters) -BlackRock Inc, the world’s largest asset manager, is cutting some staff after growing in recent years, with 500 jobs impacted, a source familiar with the matter said on Wednesday. …

By David Shepardson WASHINGTON (Reuters) -U.S. National Transportation Safety Board Chair Jennifer Homendy on Wednesday raised concerns about the increased risk of severe injury and death from heavier electric vehicles …

By Valerie Volcovici WASHINGTON (Reuters) – Companies including GM, Ford, Google and solar energy producers said on Tuesday they would work together to establish standards for scaling up the use …

By Pratima Desai LONDON (Reuters) -Britain’s financial watchdog is blocking the restart of London Metal Exchange nickel trade in Asian hours due to doubts about the LME’s ability to run …

TOKYO (Reuters) -The Bank of Japan will review the side-effects of its monetary easing at next week’s policy meetings and may take additional steps to correct distortions in the yield …

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead …

(Reuters) – Home Depot Inc said on Wednesday it will change its pay policy for hourly employees starting Jan. 16, with associates being paid based on exact time punches. “Our …

By Helen Coster (Reuters) -Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron’s and MarketWatch, plans to lay off a number …

(Reuters) – Starbucks Corp said on Wednesday its U.S. support center employees have to work from office at least three days a week, compared with a previous commitment of at …

By Medha Singh (Reuters) -Shares of Bed Bath & Beyond shares surged on Wednesday as individual investors piled in, extending the stock’s rebound from multi-decade lows hit last week and …

By Xie Yu and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) -Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the …

By Steve Scherer OTTAWA (Reuters) – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a …

(Reuters) – The Consumer Financial Protection Bureau moved to stop a New York law firm it said was acting as a high-volume debt collection service for major lenders including Citigroup …