business

WASHINGTON – Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday …

– Hedge funds that specialize in picking stocks started 2022 with losses, investors and research firms said this week as markets went on a rollercoaster ride fueled by fears of …

WASHINGTON – U.S. President Joe Biden welcomed the strong GDP growth figure released on Thursday, saying his economic plan is working and urging Congress to pass legislation to make the …

WASHINGTON – The U.S. government said on Thursday it would grant an additional 20,000 H-2B visas for the first half of the fiscal year, in an attempt to ease the …

– First-time owners of electric vehicles were reluctant to switch back to gasoline-fueled cars even as concerns continued to loom about the availability of charging infrastructure, a report from J.D. …

By Pamela Barbaglia and Sergio Goncalves LONDON – Altice Europe NV has ditched a plan to sell its Portuguese business after private equity bids failed to meet price expectations, leaving …

By Tom Sims and Frank Siebelt FRANKFURT -Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing’s hand …

WASHINGTON – New orders for U.S.-made capital goods were unexpectedly unchanged in December, suggesting a loss of momentum in business spending on equipment amid shortages. The Commerce Department said on …

By Balazs Koranyi FRANKFURT – A flurry of rate hikes by the U.S. Federal Reserve will complicate life for the European Central Bank over the coming year, even if their …

By Foo Yun Chee BRUSSELS – Facebook unit WhatsApp has been given until the end of February to explain changes to its privacy policy and whether this complies with EU …

By David Randall and Davide Barbuscia NEW YORK – The Federal Reserve’s hawkish shift is bolstering the case for investors looking to trim risk from their portfolios, as the U.S. …

By Foo Yun Chee BRUSSELS – Facebook on Thursday secured EU antitrust approval for its acquisition of U.S. customer service startup Kustomer after agreeing to provide rivals free access to …

By Mike Stone and Nathan Gomes -Northrop Grumman Corp missed fourth-quarter revenue estimates on Thursday as labor shortages and supply chain snarls hampered its ability to deliver components for defense …

TAIPEI -Singapore’s DBS Group will announce on Friday it is to buy Citigroup’s consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday. DBS and …

By Darya Korsunskaya MOSCOW -Any tightening of western sanctions on an already stressed Russian domestic bond market would make borrowing more expensive for the government and cause significant short-term volatility, …

FRANKFURT – The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in …

By Valentina Za MILAN -Italian lender UniCredit has signed an agreement with unions for 1,200 voluntary job cuts to be partly offset by 725 new hires, the country’s biggest banking …

By Foo Yun Chee BRUSSELS – An EU law on gathering airline passenger information conforms with the bloc’s rights and data protection laws, but such data should only be retained …

By Gertrude Chavez-Dreyfuss NEW YORK – Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds …

By Huw Jones LONDON – The European Union’s securities watchdog proposed changes on Thursday to the bloc’s rules for clearing houses, saying more harmonisation was needed to avoid the sector …

By Gertrude Chavez-Dreyfuss NEW YORK – CoinTracker, which tracks consumers’ cryptocurrency taxes and portfolios, said on Thursday it has raised $100 million in funding from a slew of institutional investors and …

By Hannah Lang – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop …

BEIJING – Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to …

By John McCrank and Katanga Johnson WASHINGTON – A year after the “meme stock” rally humbled hedge funds and roiled Wall Street, the U.S. Securities and Exchange Commission (SEC) is …

By Aditi Shah NEW DELHI – India’s Tata Group took control of state-run carrier Air India on Thursday, finalising a $2.4 billion deal to regain ownership of the airline after …