Business News

By David Shepardson WASHINGTON (Reuters) – More than 90% of U.S. households that own a vehicle would see a reduction in the percentage of income spent on transportation energy and …

PRAGUE (Reuters) – Volkswagen unit Skoda Auto saw its global deliveries fall by 16.7% in 2022 due to parts shortages, supply chain problems and the war in Ukraine, but it …

SHANGHAI (Reuters) – China Southern Airlines has scheduled two Boeing 737 MAX flights for Friday, its mobile app showed, which if completed would be the first commercial services for the …

By Muyu Xu and Melanie Burton SINGAPORE/MELBOURNE (Reuters) – Chinese interest in Australian coal has been limited by the upcoming Lunar New Year holiday and high domestic inventories, meaning few …

BERLIN (Reuters) – Low take up of a government-backed ‘Kurzarbeit’ shortened hours facility points to a “very mild” recession in Germany this winter, the Ifo economic institute said on Wednesday. …

By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan’s (BOJ) 2% inflation target can be modified into a “range” to sustain monetary policy flexibility amid possibly higher inflation compared …

ROME/PARIS (Reuters) – The world’s largest luxury group LVMH could pick Pietro Beccari as new CEO of Louis Vuitton, the flagship brand of the French group, according to a media …

(Reuters) – Uniqlo parent Fast Retailing Co Ltd said on Wednesday it would raise wages by as much as 40%, in the clearest sign yet that Japan’s rock-bottom salaries may …

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s Hanwha Solutions Corp said on Wednesday its unit Hanwha Q Cells will invest a total of $2.5 billion to build …

By Wayne Cole SYDNEY (Reuters) -Australian shoppers spent big in November as Black Friday sales and online specials spurred demand for clothes, electronics and furniture, a sign consumption was proving …

A look at the day ahead in European and global markets from Anshuman Daga Asian equity markets are flirting with six-month highs, powered by risk-on sentiment and hopes of a …

By Chris Taylor NEW YORK (Reuters) – When Lauren Hopkins snagged a gig in student affairs at Virginia Commonwealth University in Richmond, Virginia, she figured she knew whom to thank. …

(Reuters) – Swiss chemicals maker Sika AG reported a 13.4% increase in full-year sales, as new factory openings and acquisitions helped the company surpass its target of hitting annual sales …

MUMBAI (Reuters) – India’s economic growth will slow to 6.6% in the next fiscal year from an expected 6.9% in the current year, the World Bank said in its latest …

MEXICO CITY (Reuters) – Audi’s Mexico unit reached an agreement Tuesday with its union regarding a wage increase for 2023, avoiding a strike which was set to begin Wednesday, Audi …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits …

By Francesco Guarascio HANOI (Reuters) – Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial …

By Svea Herbst-Bayliss NEW YORK (Reuters) -Some hedge funds that bet on macroeconomic trends boasted eye-popping double and even triple digit gains for 2022, investors said, while other prominent firms …

By Arriana McLymore and Deborah Mary Sophia (Reuters) -Bed Bath & Beyond Inc on Tuesday reported a much wider-than-expected quarterly loss and sales that plunged by a third, failing to …

QUITO (Reuters) – Ecuador will lower taxes on capital sent abroad and items like alcohol and trim overall value-added tax on specific shopping days this year, President Guillermo Lasso said …

SHANGHAI (Reuters) – China’s central bank ramped up a liquidity injection on Wednesday, offering fresh funds to the banking system for the first time this year to help meet seasonal …

(Reuters) -Apple Inc is planning to start using its own custom displays in its mobile devices from 2024 onwards in an attempt to bring more components in-house, Bloomberg News reported …

By Milagro Vallecillos and Valentine Hilaire PANAMA CITY (Reuters) -Panama’s government on Tuesday doubled down on an order that Canada-based miner First Quantum Minerals halt operations at its local copper …

By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) plans to propose new fuel economy standards for the 2027 model year and beyond in April which …