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Tag:

business

  • Business News

    Exclusive-White House mulls extension of Trump-era solar tariffs, with tweaks

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Jarrett Renshaw and Nichola Groom WASHINGTON -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for …

  • Business News

    Morgan Stanley sees US debt-to-GDP ratio down 7 percentage pts in 2022

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    – A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts …

  • Business News

    Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market …

  • Business News

    Gavilon deal to make Glencore major soy exporter in Brazil with larger U.S. foothold

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Karl Plume – Global commodities merchant Glencore Plc took a major step this week to becoming a greater force in the international food chain with a deal to buy …

  • Business News

    U.S. retail investors kept buying stocks on Fed day -analysts

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    NEW YORK/MILAN – Retail investors bought a net of $1.66 billion in equities on Wednesday when a hawkish U.S. Federal Reserve outcome triggered wild gyrations on Wall Street, data from …

  • Business News

    Tesla sinks after supply chain warning, hitting other EV makers

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Noel Randewich and Hyunjoo Jin -Shares of Tesla Inc slid on Thursday, dragging down rivals after the leading electric car maker delayed releasing new vehicles until next year because …

  • Business News

    Court dismisses claims Robinhood wrongly restricted ‘meme stock’ trades

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Jody Godoy -A U.S. federal court on Thursday dismissed a lawsuit accusing Robinhood Markets Inc of violating state laws by restricting trades on so-called meme stocks during a January …

  • Business News

    U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Jonathan Stempel NEW YORK -A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging Libor, once among the world’s most …

  • Business News

    Google bumps up vacation days and parental leaves

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Paresh Dave – Alphabet Inc’s Google on Thursday increased the amount of time employees around the world can take off for vacation or caring for newborns and seriously ill …

  • Business News

    Veolia to own 95% of former rival Suez

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    – French waste and water management company Veolia said on Thursday that it would own 95.95% of rival Suez’ share capital as a result of the cash tender offer, according …

  • Business News

    Exxon, union swap proposals to end lockout at Texas refinery

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Erwin Seba HOUSTON – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company …

  • Business News

    Mexicans chafe over struggling economy and surging inflation

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Ana Isabel Martinez MEXICO CITY – Miguel Alejo does not know how inflation is measured or what makes a recession. But at the Mexico City food market where he …

  • Business News

    Ferragamo’s sales grow 31.4% in 2021

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    MILAN – Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. The leather goods …

  • Business News

    Blackstone reports record fourth-quarter earnings

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Chibuike Oguh -Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets …

  • Business News

    U.S. SEC proposes asking companies to say why CEO pay and performance often don’t match up

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Katanga Johnson WASHINGTON – Public companies in the United States would be required to disclose how the pay of their top executives squares with their overall performance under a …

  • Business NewsFood & Dining

    Chocolate Easter bunnies under threat due to supply woes warn German makers

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    HAMBURG – Tight supplies of commodities including sugar and cocoa plus global logistics problems could hit production of chocolate Easter bunnies, Germany’s confectioners warned on Thursday. “The market for important …

  • Business News

    Dow expects strong first-quarter sales on higher prices

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Arathy Somasekhar and Ruhi Soni -Dow Inc on Thursday forecast better-than-expected sales for the current quarter after fourth-quarter results beat estimates, helped by higher prices for its products as …

  • Business News

    U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and …

  • Business News

    Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    MILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 …

  • Business NewsFeatured NewsOMG!US and World News

    Judge rules Amazon, Whole Foods can be sued by murderer who was denied job

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    NEW YORK – A federal judge said Amazon.com Inc and its Whole Foods unit can be sued over the refusal to hire a convicted murderer who claimed to be rehabilitated …

  • Business News

    Banks scramble to change Fed rate calls after hawkish shift

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Saikat Chatterjee SINGAPORE -Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it …

  • Business News

    Swiss banks criticise steps to cool runaway property market

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By John Revill ZURICH -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to …

  • Business News

    U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Leah Douglas – Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis …

  • Business News

    Comcast ramps up spending on Peacock streaming service

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Helen Coster and Eva Mathews – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals …

  • Business News

    Crypto giant Binance hopes Russia will help regional growth

    by Reuters January 27, 2022
    by Reuters January 27, 2022

    By Elena Fabrichnaya MOSCOW – Binance, the world’s largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its …

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