Business News

A look at the day ahead in U.S. and global markets from Mike Dolan. New year market optimism faces a series of critical tests over the remainder of this week …

By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China unexpectedly rose in December from the previous month, central bank data showed on Tuesday, with 2022 setting …

(This Dec. 17 story has been corrected to change the data in graphic “Abundant Supplies of Green Aluminium”) By Eric Onstad LONDON (Reuters) – Aluminium makers are set to boost …

LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen chaired a meeting of finance ministers from Australia, Canada, New Zealand, and the United Kingdom, Britain’s finance ministry said in a statement …

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou, the city where the company is headquartered, local media reported …

BENGALURU (Reuters) -Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC for around $300 million, two sources told Reuters on Tuesday. …

BERLIN (Reuters) – Uniper Chief Executive Klaus-Dieter Maubach plans to resign this year due to the nationalisation of the embattled utility by the German government, the firm said in a …

PARIS (Reuters) -Renault will team up with propulsion systems and electronics developper PUNCH Torino on 4-cylinder diesel engines for light commercial vehicles, the French carmaker said on Tuesday PUNCH Torino …

By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more than 20 billion yuan ($2.93 billion) over the past year, …

BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous year as the carmaker felt the impact of COVID-19 measures …

SHANGHAI (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy for electric vehicles (EV) before they expired last month, with …

(Reuters) – Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings downgrades in the last year, as China’s reopening and slowing …

By James Davey LONDON (Reuters) – Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5% in 2023, …

(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the fund issued a correction) By Bhakti Tambe MUMBAI (Reuters) – …

BUDAPEST (Reuters) -Hungary’s government has declared local IT firm 4iG’s purchase of a 51% stake in Vodafone’s Hungarian unit a transaction of national strategic interest, exempting the deal from competition …

MADRID (Reuters) – Spanish ride-hailing app Cabify plans to list its shares on the stock market within 12 to 15 months, local news website El Confidencial reported on Tuesday citing …

CAIRO (Reuters) – Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The …

By Neil Jerome Morales MANILA (Reuters) – The Philippine central bank chief on Tuesday confirmed interest rates would likely need to rise a further 25 or 50 basis points at …

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a budget of 3.35 trillion baht ($100 billion) for the fiscal year 2024. The new budget is 5.18% bigger than the previous …

By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – The hordes of supporters of Brazil’s former president Jair Bolsonaro that invaded top government buildings in the capital city …

NAIROBI (Reuters) -Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The airline, which is one of …

A look at the day ahead in European and global markets from Anshuman Daga: The strong start to equity markets this year has got bulls excited but markets know it’s …

By Lucy Craymer (Reuters) – New Zealand supplies of carbon dioxide (CO2), used to fizz drinks and in packaging and hospitals, are having to be rationed because of shortages following …

By Minwoo Park, Chris Gallagher and Jira[censored] Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border …

By David Shepardson WASHINGTON (Reuters) – New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video app TikTok on government-owned and …