Business

Ant Group, the Chinese financial technology giant, has announced a share repurchase plan that values the company at nearly $79 billion. This move signifies...

Business

China has concluded its regulatory revamp of Ant Group, the financial technology giant, by imposing a fine of at least $11 billion. This move...

Business

Continental, a leading automotive technology company, has announced plans to phase out its activities at the Gifhorn plant in Germany by the end of...

Business

Temu, a startup e-commerce platform, has announced its expansion into Japan, signaling its growth and ambition in the global market. This move presents new...

Business

Adani Green, a leading renewable energy company in India, is reportedly considering raising $1.5 billion in funding. This move comes as the company seeks...

Business

VW prepared for China metal curbs and chipmakers downplay fallout. Volkswagen, the renowned automotive manufacturer, has expressed its readiness to handle China’s metal curbs...

Business

Xpeng (9868. HK), a Chinese electric vehicle producer, expects its new model to outperform Tesla (TSLA.O) in the year’s second half. On Wednesday, Xpeng...

Business

Nikola (NKLA.O), struggling with cash and competition, reported higher wholesale and retail sales of its electric vehicles in the second quarter on Wednesday. Retail...

Business

Tesla Inc. (TSLA.O) dropped Japan’s Model 3 and Y prices by low single-digit percentages. According to its website, Tesla cut Model 3 and Model...

Business

In an interview published Wednesday, Stellantis CEO Carlos Tavares claimed that despite the French government’s demand for more locally made automobiles, the electric Peugeot...

Business

Russia-Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday that OPEC+ will do “whatever necessary” to assist the market. In response...

Business

After Goldman Sachs downgraded top lenders, including the Agricultural Bank of China (AgBank), Hong Kong-listed Chinese banking shares fell on Wednesday. The Hang Seng...

Business

According to sources, China-based online retailer Shein is in talks with the New York Stock Exchange and Nasdaq about a U.S. initial public offering....

Business

Airbus (AIR.PA) is testing radical new wing technology to build a successor to its best-selling A320 series, but it must cut prices. On Tuesday,...

Business

On Tuesday, Italy’s UniCredit (CRDI.MI) announced a new head of digital and a new director of operations to replace a Ping An Insurance executive...

Business

Thames Water, Britain’s largest water supplier, was fined 3.3 million pounds ($4.2 million) on Tuesday for contaminating waterways in 2017. In 2017, the firm...

Business

The UK’s FTSE 100 was flat on Tuesday as miners fell amid a weak Chinese demand outlook, but healthcare stocks rose after the previous...

Business

On Monday, Britain’s Financial Conduct Authority (FCA) announced it would punish house and vehicle insurance for failing to help suffering consumers. The FCA said...

Business

Glencore Plc (GLEN.L) offered $71 million to buy PolyMet Mining (PLM.A)’s remaining ownership on Monday. Swiss commodity trader owns 82.26% of PolyMet. Glencore is...

Business

British equities rose on Monday as mining firms surged on higher metal prices and other Chinese-exposed companies firmed in anticipation of greater policy assistance...

Agriculture

The Financial Times reported on Monday that the EU is exploring a proposal for the Russian Agricultural Bank to establish a subsidiary to link...

Business

On Monday, United Malt Group Ltd. (UMG.AX) accepted Malteries Soufflet’s A$1.5 billion ($999 million) buyout offer, making it the world’s largest malt maker. When...

Business

E.V. charger manufacturers and operators call Texas’ Tesla charging station mandate “premature,” according to a Reuters document and source. Last week, Reuters reported that...

Business

On Friday, Brazil’s Finance Ministry exempted enterprises in the tax collecting service’s new compliance program from federal taxes on e-commerce sales up to $50....

Business

Global M&A activity decreased 36% year-on-year in the second quarter, but investment bankers and attorneys were optimistic that the stock market’s recovery would eventually...

Business

Stellantis (STLAM.MI) struck an offtake and equity investment agreement with Australia-listed Kuniko (KNI.AX) to secure a consistent supply of battery materials. The two businesses...

Economy

Thomas Woldbye, CEO of Copenhagen Airport, will lead Western Europe’s busiest airport, Heathrow, later this year. Last year, Heathrow reclaimed its position as Western...

Business

According to the statement that the company made on Friday, Akio Toyoda, the chairman of Toyota Motor (7203.T), received a total compensation package of...

Business

Asian equities rose on Friday as dismal Chinese manufacturing activity data raised hopes for more stimulus and good U.S. economic data supported the Fed’s...

Business

Exxon Mobil (XOM.N) has committed to developing more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc. (TTI.N), its second effort to control...

Business

On Thursday, British banknote printer De La Rue (DLAR.L) maintained its 2017 adjusted operating profit target, supported by bid activity rebound and robust authentication...

Business

Siemens AG (SIEGn.DE) will transfer some of its ownership in Siemens Energy AG (ENR1n.DE) to its pension fund to minimize the writedown it must...

Business

U.K.’s FTSE 100 began modestly lower on Thursday as markets battled for direction after top central bankers signaled more policy tightening. At the same...

Business

BMW (BMWG.DE) announced on Thursday that it will construct its X3 model in South Africa in 2024, investing 4.2 billion rand ($225.09 million) to...

Finance

On Thursday, Britain’s accounting watchdog penalized PwC 1.99 million pounds ($2.51 million) for “serious and pervasive” audit failures in Eddie Stobart Logistics’ year-to-November 2018...

Economy

On Thursday, investors pulled profits on concerns that more interest rate hikes will slow economic growth and global fuel demand. Weak Chinese economic data...

Business

H&M (HMb.ST), the world’s second-largest fashion retailer, announced stronger-than-expected March-May profits and said third-quarter sales were off to a solid start as it tries...

Business

Procter & Gamble India announced a 20 billion rupee ($243.79 million) personal healthcare manufacturing facility in Gujarat. The firm said Wednesday that the plant...

Economy

Two individuals with direct information said India’s antitrust regulator is reviewing Air India’s planned merger with Vistara and has asked the business why it...

Business

On Wednesday, Boohoo (BOOH.L) encouraged Revolution Beauty (REVB.L) to hold a public meeting “without further delay” to remove CEO Bob Holt, Finance Chief Elizabeth...

Business

According to a term sheet reviewed by Reuters, Sichuan Kelun-Biotech Pharmaceutical wants to raise $208.6 million in a Hong Kong IPO. The term sheet...

Business

Rate surge complicates Generali $22 billion private equity portfolio sale. Three sources said rising interest rates complicate Assicurazioni Generali’s (GASI.MI) efforts to sell up...

Business

Shop price inflation slows in June, poll reveals. A Tuesday survey revealed that British shop price inflation eased this month, relieving households from rising...

Business

Despite the Republican campaign against climate-focused investing, U.S. asset managers integrate greenhouse gas emissions and other climate risks into their investment decisions as much...

Business

Nissan (7201.T) shareholders re-elected its CEO and other board nominees at an annual meeting on Tuesday, days after senior management split amid claims of...

Business

A Washington state official told Reuters that electric vehicle charging providers must use Tesla’s connection to participate in a federally funded highway electrification program....

Business

On Tuesday, Orange (ORAN.PA) and MasMovil’s planned merger of their Spanish operations may weaken competition and raise prices. EU antitrust officials said that the...

Business

Pertamina, Indonesia’s national energy provider, announced late Monday that it would work with Electrum to produce battery packs for electric motorcycles. On Friday, Electrum,...

Business

After a massive hacking breach, Australia’s banking regulator ordered Medibank (MPL.AX) to set aside A$250 million ($167 million) in extra capital. The nation’s largest...

Business

Russia, rates, and China worries shake Asian stocks. Asian equities swung on Tuesday as investors awaited interest rate hints and worried about China’s fragile...

Business

British grocer Sainsbury’s (SBRY.L) lowered prices again, adding to evidence that food inflation will moderate this year and help consumers struggling with a cost...

Business

Oil was marginally higher on Monday after an aborted weekend rebellion by Russian mercenaries increased concerns about petroleum supply, while markets lacked direction as...

Business

On Monday, 26-06-2023, Denmark’s Danske Bank said that Infosys (INFY.NS), India’s second-largest IT services provider, will accelerate its digital transformation. Infosys said the five-year,...

Breaking News

House group critical of the Twitter probe to grill FTC chair on July 13. The House Judiciary Committee, chaired by Republicans who have harshly...

Business

On Saturday, Energy Minister Chris Bowen announced that Australia would build a A$51 million ($34 million) renewable hydrogen facility in Victoria state. Bowen said...

Economy

After a tender offer, Japanese online financial conglomerate SBI Holdings Inc (8473.T) acquired 53.74% of midsize lender SBI Shinsei Bank (8303.T). After Friday’s tender...

Business

SolarWinds (SWI.N) announced that some of its former and present officials had received Wells notices from the SEC regarding a massive 2020 data breach....

Business

Cathay Pacific (0293. HK) flight CX880 aborted takeoff early Saturday at Hong Kong’s international airport owing to a technical fault, injuring 11 persons. Hong...

Economy

UAE bourses rise despite poor soil, rate-hike bets. Investors appeared to shrug off a drop in oil prices on Friday as fears over sluggish...

Business

After Starbucks (SBUX.O) prohibited Pride Month decorations at its cafes, the baristas’ union announced on Friday that more than 150 outlets and 3,500 workers...

Business

On Friday, Danish brewer Carlsberg (CARLb.CO) announced it had struck a deal to sell its Russian company but did not name the buyer or...

Business

GSK (GSK.L) settled its first U.S. lawsuit alleging its discontinued heartburn medicine Zantac caused cancer on Friday, avoiding a trial next month. The corporation...

Technology

Last Monday, India’s corporate affairs ministry requested an inquiry from edtech firm Byju’s, CNBC-TV18 reported. According to the news outlet, the ministry has noted...

Business

Nasdaq’s $10.5 billion investment in Adenza, a little-known financial software startup, will help the exchange operator dramatically expand its risk management, regulatory, and anti-financial...

Business

Uber Technologies (UBER.N) announced on Wednesday that it was slashing 200 jobs in its recruitment division to maintain staffing levels and decrease costs. The...

Business

According to plant operators, Exxon Mobil Corp.’s (XOM.N) 564,440-bpd Baytown, Texas, refinery’s reformer fire was rapidly doused on Wednesday. Sources say the 65,000-bpd Hydroformer...

Economy

After Federal Reserve Chair Jerome Powell delivered a predictable semi-annual testimony, the dollar remained near a one-month low against a basket of currencies on...

Business

According to Bloomberg News, Telecom Italia (TLIT.MI) may sell a minority stake in its enterprise unit for more than 6 billion euros ($6.6 billion)....

Business

Oil steady after a surprising drop in U.S. crude stocks balances demand fears. Oil prices held onto most of the previous day’s gains in...

Business

Mastercard (MA.N) launched a global credit and debit card recycling program on Wednesday to preserve the billions of cards in circulation from landfills. Mastercard...

Business

Oil rises due to Fed hawkishness outweighing Chinese demand concerns. After two consecutive losses, oil prices rallied early on Wednesday as anticipation of aggressive...

Business

After a train hauling iron ore near Dampier derailed over the weekend, Rio Tinto (RIO.AX), the world’s largest iron ore miner, reopened a rail...

Business

Cleareye.ai, a trade finance financial technology company, announced a strategic investment from JPMorgan (JPM.N). Last September’s commercial deal didn’t disclose financial details. Trade finance...

Business

Hyundai Motor Co (005380.  K.S.) announced on Tuesday that it will invest 109.4 trillion won ($85.4 billion) through 2032, dedicating a third to meet...

Business

Hyundai Motor (005380. K.S.)’s CEO said Tuesday that the South Korean carmaker may make its vehicles more compatible with Tesla (TSLA.O)’s North American charging...

Business

Alibaba Group (9988. HK) announced Tuesday that CEO and chairman Daniel Zhang would step down to focus on its cloud division as the Chinese...

Business

According to a story from Bloomberg News on Tuesday, citing people familiar with the situation, Grab Holdings (GRAB.O), located in Singapore, is planning its...

Business

After China dropped benchmark lending rates less than expected on Tuesday, oil prices fell, raising concerns about oil consumption in the world’s largest crude...

Business

Asia shares plunge on China’s small rate drop. As investors awaiting a larger stimulus package from Beijing, Asian stocks dipped on Tuesday. On Tuesday,...

Business

On Monday, McDonald’s Japan announced pricing increases at 184 city center locations, 6% of its 3,000 outlets, to offset rising rents and labor costs....

Business

On Monday, billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N) increased their interest in Japan’s five largest trading firms to over 8%, highlighting and boosting...

Business

Goldman Sachs (GS.N) analysts have lowered China’s economic growth projections due to consistently low confidence and the housing market’s cloud. According to a report...

Business

Rio Tinto (RIO.AX) was recovering approximately 30 wagons of a self-driving iron ore train that derailed in Western Australia on Monday. Analysts warned the...

Business

Asian equities stall rally, eyeing China stimulus, Powell testimony. After their best weekly run in five months, Asian shares started cautiously on Monday as...

Business

On Friday, Tata Consultancy Services (TCS.NS) said it had agreed with insurance provider Transamerica to discontinue a $2 billion contract due to a difficult...

Business

Westpac (WBC.AX) projected Australia’s cash rate peak to 4.6% on Friday, predicting quarter-point hikes in July and August. Rates are at an 11-year high...

Business

Inflation drove a 9% increase in underlying UK sales for Britain’s largest retailer, Tesco (TSCO.L). On Friday, the business, which controls over 27% of...

Business

The China-led Asian Infrastructure Investment Bank (AIIB) said it would assist with a Canadian government examination prompted by a top employee’s resignation over Chinese...

Business

Asian markets surged to a four-month high on Friday as U.S. economic data fueled views that the Federal Reserve is nearing the end of...

Economy

Indian equities flat following Fed’s hawkish pause; FMCG stocks surge. After the Fed left rates steady, consumer and pharma companies climbed on Thursday. As...

Business

Stocks stagnate as U.S. rates rise for longer. After the U.S. Federal Reserve decided not to raise interest rates for the first time in...

Business

On Thursday, an Australian state banned PricewaterhouseCoopers‘ (PwC) local business from getting new tax-related contracts for three months. A former PwC tax partner who...

Business

HSBC (HSBA.L) and Standard Chartered (STAN.L) are among lenders under pressure from Hong Kong’s banking regulator to accept crypto exchanges as clients, the Financial...

E-commerce

China’s e-commerce shipments will lose U.S. tariff protection under the proposed bill. One sponsor said a bipartisan group of U.S. congressmen would present a...

Business

According to its website, Tesla Inc (TSLA.O) raised the US pricing of its Model Y electric car on Tuesday. The website showed that the...

Business

Siemens (SIEGn.DE) announced it would develop a new industrial automation unit in Singapore to meet rising automation technology demand in Asia. “Siemens intends to...

Business

On Tuesday, Ashtead Group (AHT.L) announced greater yearly revenue and profit due to robust U.S. businesses’ demand for construction and industrial equipment. Sunbelt Rentals,...

Business

Toyota announces battery and EV innovations. Toyota Motor (7203.T) will use high-performance, solid-state batteries, and other technologies to increase electric car range, performance, and...

Business

On Tuesday, HSBC (HSBA.L) announced it would close its wealth and personal banking division in New Zealand as it leaves less lucrative areas worldwide...

Business

Two sources close to Volkswagen (VOWG_p.DE) said Monday that the supervisory board would meet on Tuesday to discuss a savings program ahead of its...

Business

On Monday, Novo Nordisk (NOVOb.CO) said it would invest 15.9 billion Danish crowns ($2.29 billion) to develop a Danish production facility for serious chronic...

Business

Novartis (NOVN.S) will buy Seattle company Chinook Therapeutics (KDNY.O) for up to $3.5 billion to add a rare severe kidney disease treatment to its...

Business

The Saudi state news agency reported that Saudi Arabia’s Ministry of Investment struck a $5.6 billion deal with Chinese electric car producer Human Horizons...

Economy

CEO Frans Muller told Reuters that Ahold Delhaize has reached “roughly half” of its target to grow revenue from businesses beyond grocery stores to...

Business

Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors assessed the central bank’s appetite for rate hikes and worried...

Economy

CEO Andrei Kostin told Reuters that VTB, Russia’s second-largest bank, will sell its interest in Demetra-Holding, one of Russia’s top grain dealers. Demetra operates...

Business

Consumer groups complained Britain’s largest supermarket, Tesco (TSCO.L), to the competition authorities for failing to disclose loyalty card pricing. On Friday, Tesco claimed that...

Business

This week, a business conference in Riyadh will bring together Chinese entrepreneurs and investors to discuss expansion and financing opportunities amid warmer diplomatic relations....

Finance

Dollar falls after jobless claims rise; Fed in spotlight. After a jump in weekly unemployment claims raised hopes that U.S. interest rates were nearing...

Business

BYD launched a new brand of electric vehicles (EVs) on Friday, including off-road and sports cars, to fulfill increasingly diverse consumer demand. “Formula” and...

Business

Two sources said Tokio Marine Holdings (8766.T) had hired Goldman Sachs (GS.N) and Jefferies (JEF.N) to sell its $1 billion Southeast Asia life insurance...

Business

Yandex (YNDX.O), a Russian internet company, announced Thursday that it would retain its Nasdaq Stock Exchange listing if it restructures and sells its Russian...

Business

In the first quarter, M&G (MNG.L)’s wholesale asset management business received 1 billion pounds ($1.25 billion) of net inflows, offsetting institutional client redemptions. Despite...

Business

BlackRock plans a $7 billion Global Renewable Power Fund. As clients increase climate-friendly investments, BlackRock (BLK.N), the largest asset management, seeks to raise $7...

Economy

Asian stocks fall as Fed rates worry traders. On Thursday, a surprise Bank of Canada interest rate hike raised concerns that U.S. rates could...

Business

As renewable energy grows, Japan’s Itochu Corp (8001.T) announced Wednesday that it had formed a power storage company alongside Osaka Gas Co (9532.T) and...

Economy

Britain’s resource-heavy stock indexes fell on Wednesday as negative Chinese trade data drove miners lower and terrible domestic house prices data drove homebuilders lower....

Business

Three sources told Reuters that Vodafone (VOD.L) and CK Hutchison (0001. HK) are close to announcing their British operations merger on Friday or early...

Business

CFO Dmitry Pyanov said Russia’s No. 2 lender VTB (VTBR.MM) plans to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO),...

Business

Chongqing Changan Automobile (000625. SZ) rejected local media reports that it arbitrarily lowered supplier payments by 10% in a statement to Reuters on Wednesday....

Business

China’s exports and imports fell quicker than predicted in May, heightening concerns about the fragile economic recovery. Global demand, especially from developed economies, remained...

Business

Zara owner Inditex (ITX.MC) reported a 54% increase in first-quarter profit on Wednesday as sales kept pace after a successful 2022 beating other stores...

Business

China’s largest commercial property developer, Dalian Wanda Group, had 1.98 billion yuan ($278.18 million) in shares frozen by a Shanghai court. Dalian Wanda Commercial...

Business

Ford Motor Co. (F.N) appointed Liz Door as its chief supply chain officer on Tuesday amid parts shortages and escalating prices. Starting June 12,...

Business

World stocks stagnate as speculators await Fed pause. Soft U.S. economic statistics reinforced concerns the Federal Reserve may not raise interest rates next week,...

Finance

Westpac Banking Corp (WBC.AX), Australia’s largest lender, raised its home loan variable interest rates by 25 basis points (bps) on Tuesday to match the...

Business

TSMC (2330.  T.W.)’s chairman said Tuesday that the business is “good” about talks for a prospective first European factory in Germany and is considering...

Business

On Tuesday, financial network Calastone reported that U.K. investors bought money market funds at the fastest rate since last year’s failed “mini-budget.” Calstone’s fund...

Business

On Tuesday, Emirates President Tim Clark stated that the Dubai-based carrier may add Airbus A350, Boeing 777X, or 787 jets to fulfill 2030 demand....

Business

Associated British Foods (ABF.L), which owns Primark and other sugar, food, and ingredients companies, will buy dairy technology startup National Milk Records for 48...

Business

On Tuesday, British American Tobacco (BATS.L) reaffirmed its year sales and profit estimates. However, it said it would focus on the second half, counting...

Business

Tony Tang, BlackRock Inc.’s (BLK.N) head of China business, leaves the asset manager after helping build its operations in the world’s second-largest economy. The...

Business

Five sources told Reuters that Elon Musk’s brain implant business Neuralink, estimated at close to $2 billion in a private fundraising round two years...

Business

On Monday, a European derivatives committee declared Casino (CASP.PA), France’s debt-laden retailer, has not had a bankruptcy credit event, dashing investor hopes for a...

Economy

On Monday, Kremlin spokesman Dmitry Peskov said OPEC+ is vital to energy market stability. OPEC+ pumps 40% of global crude and has decreased by...

Business

Due to China’s post-pandemic recovery, German exports climbed sharply in April, but analysts warned that the impetus could be short-lived. The federal statistics office...

Business

Volvo automobiles (VOLCARb.ST) sold 60,398 automobiles in May, up 31% year-over-year. The 31% increase follows a difficult 2022, when COVID-19 lockdowns in China, chip...

Business

On Monday, the Nikkei share average reached its highest level in 33 years as Wall Street rallied and investors gambled on domestic equities expecting...

Business

Barclays Private Bank (BARC.L) announced two senior hires in its Singapore office on Monday to capitalize on the wealth and growth of family offices...

Business

On Monday, Novo Nordisk announced plans to acquire a majority share in French medical device maker Biocorp (ALCOR.PA). The Danish business said it was...

Business

On Monday, a private-sector survey revealed that China’s services activity increased in May as new orders supported a consumption-led economic recovery in the second...

Business

After strong U.S. jobs data, Asian traders priced in longer-term higher interest rates, strengthening the currency. After Chinese services activity rose, the Australian dollar...

Economy

Asian markets extend global gain; Saudi cuts boost oil prices. After mixed U.S. jobs data, Asian markets extended a global surge on Monday as...

Business

Indian stocks rise on Fed rate hike halt prospects. Mixed U.S. jobs statistics raised concerns that the Federal Reserve may not raise interest rates...

Business

UBS Group AG (UBSG.S) aims to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers in Asia, Bloomberg News reported on Sunday....

Business

A top executive said Friday, despite a weak global economy, Walmart (WMT.N) intends to double its foreign gross merchandise volume to $200 billion in...

Business

As part of India’s electric car supply chain, Tata Group signed an outline deal on Friday to establish a lithium-ion cell facility for 130...

Business

French Renault consumers to file criminal case over faulty engines. A group of consumers wants to file a criminal lawsuit against Renault (RENA.PA) next...

Business

Exclusive: Barclays CEO to stop US talent flight. According to sources, Barclays CEO C.S. Venkatakrishnan hosted a virtual town hall this week to address...

Business

After visiting China this week, JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will visit Taiwan on Friday, a source said. Dimon’s visit to...

Business

California, New York pensions reject Toyota chairman. Shareholder voting records showed that two top U.S. public pension systems voted against Akio Toyoda’s re-election, focusing...

Business

On Thursday, Exxon Mobil (XOM.N) CEO Darren Woods said new technologies would double oil production from the company’s U.S. shale properties in five years....

Business

Largest Australian pension fund suspends auditing by PwC. Australia’s largest pension fund will stop using PricewaterhouseCoopers (PwC)’s local business after the “big four” firm...

Economy

Shares rise on U.S. debt bill passage; Fed delays chatter. Global shares jumped Thursday as predictions for a U.S. rate hike. However, this month...

Business

Two sources with knowledge of the subject said Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is closing down its investment unit amid...

Business

Daiwa Securities Group Inc (8601.T) plans to hire more bankers and acquire boutique businesses to increase M&A consulting income by 50% in eight years...

Business

JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon said the U.S. and China need “real engagement” to tackle their complex security and trade issues....

Business

In an interview posted Wednesday, Chief Operating Officer Ralf Brandstaetter said Volkswagen (VOWG_p.DE) will not participate in a discount competition in China “at any...

Business

Faraday Future Intelligent Electric (FFIE.O) unveiled its $309,000 limited edition FF 91 2.0 Futurist Alliance EV. The 300-unit model was available for US and...

Business

Britons‘ bargain hunting boosts B&M’s profits. British discount retailer B&M (BMEB.L) anticipated stronger core earnings for the 2023-24 financial year on Wednesday as customers...

Business

On Tuesday, Stellantis (STLAM.MI) CEO Carlos Tavares said the business needs one or two more major US battery factories to meet its manufacturing ambitions....

Business

On Tuesday, a Swiss Social Democratic Party politician suggested shrinking UBS (UBSG.S) assets after its merger with Credit Suisse (CSGN.S) to avoid another costly...

Politics

U.S. debt ceiling pact will be tested in Congress. On Tuesday, Congress will vote on a bipartisan compromise to raise the $31.4 trillion U.S....

Business

PwC Australia may lose government audit contract, Treasury boss says. An official told a senate inquiry that Australia’s Treasury department may not renew a...

Business

Pitkethly is to retire in 2024 as Unilever CFO. On Tuesday, Unilever Plc (ULVR.L) announced that Chief Financial Officer Graeme Pitkethly would retire in...

Business

On Tuesday, Qantas Airways (QAN.AX) predicted that its international divisions would be twice as profitable in the post-COVID era due to a tourism boom,...

Business

On Tuesday, Yomiuri reported that Mitsubishi Motors Corp (7211.T) will extend its China manufacturing suspension beyond May. Mitsubishi Motors is considering starting production with...

Business

On Monday, Reliance Industries Ltd. (RELI.NS)’s JioCinema streaming platform announced a deal with NBC Universal Media to bring more Hollywood content to Indian customers....

Economy

European taxis joining Uber, according to executive. An executive told Reuters that Uber (UBER.N) is attracting European taxi drivers, despite the company’s history of...

Business

As post-COVID tourism in Southeast Asia rises, Singapore Airlines Ltd (SIAL.SI) and Garuda Indonesia (GIAA.JK) announced a joint venture (JV) to boost passenger capacity...

Business

Newcrest’s Cadia mine license in NSW is still under consideration. Newcrest Mining Ltd.’s (NCM.AX) most lucrative gold mine in New South Wales is still evaluating...

Business

ICICI Lombard General Insurance Co Ltd (ICIL.NS) shares soared 14.2% on Monday after ICICI Bank Ltd. (ICBK.NS) approved a 4% stake increase in multiple...

Business

A U.S. debt ceiling deal and a cheaper currency lifted Japan’s Nikkei share average to its highest level since July 1990 on Monday. Japanese...

Business

AMP (AMP.AX) announced that Blair Vernon would succeed Peter Fredricson as chief financial officer and abolish its local wealth management subsidiary to simplify its...

Economy

Indonesian state utility Perusahaan Listrik Negara [RIC:RIC: PLNEG.UL] requested $700 million to erect a 200-megawatt (MW) solar panel to replace diesel power generators. The...

Finance

Israel watchdog requests bank data for interest rate probe. On Sunday, Israel’s competition watchdog requested more data from the country’s banks, alleging they were...

Business

Deputy U.S. Trade Representative Sarah Bianchi told Reuters that the U.S. would not hinge its decision on a “breakthrough” in U.S.-China trade relations. Bianchi...

Business

ConocoPhillips (COP.N) bought TotalEnergies’ (TTEF.PA) Canadian subsidiary’s 50% stake in the Surmont oil complex for $3 billion, displacing Suncor Energy. Cash-flush producers want to...

Business

As the ruling Law and Justice (PiS) party prepares for a legislative election later this year, Family and Social Policy Minister Marlena Malag announced...

Business

JPMorgan is shedding 500 positions this week. According to someone familiar with the situation who requested anonymity, JPMorgan Chase & Co. (JPM.N) is reducing...

Economy

Treasury Secretary Janet Yellen said Congress must raise the $31.4 trillion debt ceiling by June 5, or the US will default. Yellen had predicted...

Business

Hyundai Motor Group and L.G. Energy Solution Ltd (LGES) (373220. K.S.) said Friday that they would establish a $4.3 billion electric vehicle (E.V.) battery...

Business

After a wave of insurers left an industry climate group under U.S. pressure, the Glasgow Financial Alliance for Net Zero (GFANZ) claimed on Friday...

Business

On Friday, Italy’s second-largest bank UniCredit (CRDI.MI), expanded its payments cooperation with Mastercard (MA.N). UniCredit said the partnership spans 13 banks in 12 markets...

Business

On Friday, Norway’s $1.4 trillion wealth fund, the world’s largest stock market investor, said it would vote against oil majors Chevron (CVX.N) and ExxonMobil...

Finance

A Singapore court ordered Credit Suisse (CSGN.S) to pay $926 million for failing to protect the assets of a former Georgian prime minister. Former...

Business

U.K. equities climbed on Friday after retail sales surprisingly rose in April, indicating consumer spending resilience despite high inflation. In addition, Rio Tinto had...

Finance

Despite falling inflation, Kotak Mahindra Bank’s treasury chief suggested the RBI may decrease interest rates only at the end of the year. Inflation is...

Business

Oil prices were unchanged on Friday amid conflicting supply messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger...

Business

On Thursday, the U.S. will sell oil and gas drilling rights on federal lands in New Mexico and Kansas, more than 10,000 acres (40.5...

Business

Medtronic Plc (MDT.N) predicted annual earnings below Wall Street projections on Thursday, expecting a higher currency to continue lowering overseas sales. Medtronic expects a...

Business

On Thursday, Italian Economy Minister Giancarlo Giorgetti told Ansa news agency that Lufthansa (LHAG.DE) CEO Carsten Spohr will visit Rome to explore investing in...

Business

Nvidia nears first trillion-dollar chip maker following outstanding prediction. Generative AI is everywhere, all at once, for Nvidia Corp (NVDA.O). After a spectacular projection...

Finance

On Thursday, the Royal Bank of Canada (RY.TO) and CIBC (CM.TO) announced a decline in second-quarter earnings as harsh economic conditions forced the lenders...

Business

Stellantis funds US startup Lyten to build lithium-sulfur batteries. On Thursday, Lyten and Stellantis (STLAM.MI) announced an investment to help the U.S. startup develop...

Business

On Thursday, CIBC (CM.TO) announced a drop in second-quarter profit due to greater provisions for failed loans due to the economy. On Wednesday, the...

Auto Repair

On Thursday, Great Wall Motor (601633. SS) reported BYD (002594. SZ) to China’s regulators, alleging that its two top-selling hybrid models did not fulfill...

Technology

Sony chip firm buys Kumamoto land. Sony Corporation plans to buy 27 hectares (270,000 square meters) in Kumamoto Prefecture, Japan, to boost its semiconductor...

Business

Embraer (EMBR3.SA) expressed “full support” for Pratt & Whitney as it confronts durability issues on its latest jet engines but said a separate business...

Breaking News

Bank of America redeploys 40 Asia bankers as China dealmaking lags. A source familiar with the matter said Bank of America Corp (BAC.N) had...

Business

Treasury Wine Estates (TWE.AX) dropped nearly 8% on Thursday after warning that inflation was restricting demand for its commercial-grade wine and raising packaging costs....

Economy

Hungary amends Russian nuclear plant deal with EU approval. On Thursday, Foreign Minister Peter Szijjarto said the European Commission approved Hungary’s amendment of Rosatom’s...

Business

Since Western sanctions over Ukraine disrupted Russia’s usual export routes, Russian customs data show that the UAE is a major gold trade hub. The...

Business

On Thursday, the U.K.’s FTSE 100 fell as investors worried about the Bank of England’s monetary tightening, while Cineworld surged as the theater operator...

Business

Following a security warning from the U.S. National Highway Traffic Safety Administration, VinFast recalls its initial US-bound electric vehicles. The NHTS stated VinFast recalled...

Business

Analog Devices Inc. (ADI.O) announced that a volatile economy will hurt its third-quarter earnings, sending its shares down more than 5% in premarket trade....

Business

Kohl’s Corp (KSS.N) announced an unexpected profit on Wednesday as its new CEO’s efforts to cut inventory and costs paid off, driving its shares...

Finance

On Wednesday, a government official told the Wall Street Journal that the Cayman Islands Monetary Authority (CIMA) is considering legal action after the U.S....

Business

On Wednesday, the IMF’s managing director indicated she doesn’t expect US dollar holdings to change quickly. Kristalina Georgieva stated, “We don’t expect a rapid...

Business

On Wednesday, Swatch Group (UHR.S) said Malaysian officials confiscated its rainbow-colored LGBT rights watches. On May 13 and 14, Malaysia’s Ministry of internal affairs...

Business

NZ central bank stops raising rates after the 14-year peak. After raising rates to 5.5% on Wednesday, New Zealand’s central bank signaled it was...

Business

British insurer and asset manager Aviva (AV.L) reported growth in major business lines in the first quarter of 2023, while net flows to its...

Economy

Asia stocks fall; Kiwi dollar falls as RBNZ hints hikes. As U.S. debt ceiling negotiations dragged on, Asian stocks extended a global sell-off, while...

Business

Two sources said BlackRock (BLK.N), the world’s largest asset manager, has selected Giovanni Sandri, its current head of Italy, as head of southern Europe,...

Business

Yelp Inc (YELP.N) shares rose 10% in premarket trade Tuesday after activist investor TCS Capital Management advised the service-recommendation site to sell or merge...

Business

On Tuesday, a source claimed Alibaba Group Holding Ltd.‘s (9988. HK) cloud unit began cutting 7% of its personnel to prepare for an IPO....

Business

On Tuesday, Lowe’s Cos Inc (LOW.N) lowered its year comparable sales and profit estimates as high inflation cuts consumer discretionary spending and home renovation...

Business

According to a source, Bain Capital’s Virgin Australia airline aims to debut on the ASX for A$1 billion in November. In October 2021, GQG...

Business

The FTSE 100 fell on Tuesday due to uncertainty about the U.S. debt settlement, although BT Group climbed as billionaire Patrick Drahi increased his...

Business

Adani Enterprises Ltd. led Adani Group gains on Tuesday after a Supreme Court panel found it “impossible to conclude regulatory failure on allegation of...

Business

Oil rises on tighter supplies and increasing gasoline demand. On Tuesday, investors expected a tighter market due to seasonal gasoline demand and OPEC+ supply...

Business

Qantas Airways (QAN.AX) anticipated a record annual profit. On Tuesday, they increased its share buyback scheme by up to A$100 million ($67.83 million), courting...

Business

According to the British Chamber of Commerce in China, most British companies are taking a “wait and see approach” to new investments in China...

Business

On Monday, executives told investors that JPMorgan Chase & Co. (JPM.N) would earn $3 billion more in interest payments from its failing First Republic...

Business

On Monday, four sources reported German media giant ProSiebenSat.1 (PSMGn.DE) and European pay-TV operator Sky had resumed merger talks. German broadcasters struggle to adapt...

Business

Mizuho’s $550 million Greenhill purchase expands U.S. banking. As Japan’s No. 3 lender seeks a larger portion of the world’s largest investment banking fee...

Business

On Monday, Volvo Group (VOLVb. S.T.) announced that Volvo Vehicles would supply 1,000 electric vehicles to Swiss building solutions provider Holcim (HOLN.S), the largest...

Business

On Monday, Chevron Corp (CVX.N) acquired shale producer PDC Energy Inc (PDCE.O) in a $7.6 billion stock-and-debt deal. After Russia invaded Ukraine last year,...

Business

Ford Motor Co. (F.N.) announced three lithium product supply partnerships, including lithium hydroxide, on Monday as it ramps electric vehicle (E.V.) manufacturing to 2...

Business

On Monday, an Indian appeals tribunal upheld insolvency proceedings against cash-strapped airline Go First, making it harder for lessors to repossess their aircraft. At...

Business

European equities started cautiously on Monday, and Wall Street futures struggled as U.S. debt ceiling negotiations neared crunch time. President Joe Biden and House...

Business

The Banking Times reported on Monday that Credit Suisse AG (CSGN.S) workers are prepared to sue the Swiss banking regulator for over $400 million...

Business

Britain sold 1.26 billion pounds ($1.59 billion) of NatWest shares on Monday, lowering its ownership to 38.6%. “Today’s sale is another major milestone in...

Business

Ryanair (RYA.I) reported a near-record profit of 1.43 billion euros ($1.57 billion) in the year to end-March and said it was cautiously optimistic that...

Breaking News

After a pleasant phone discussion on Sunday, as the president flew back to Washington, President Joe Biden and House Republican Speaker Kevin McCarthy will...

Business

China’s Micron ban revives US trade tensions, boosts Asian chip rally. On Monday, some Chinese and South Korean chipmaker stocks rose after Beijing prohibited...

Business

Russia and Cuba sign deals to revive the communist island’s economy. At a summit in Havana this week, Russian and Cuban authorities and business...

Business

Mondelez International Inc (MDLZ.O) was acquitted of defrauding consumers with its Trident “Original Flavor” gum. U.S. District Judge Iain Johnston called it “fanciful” to...

Business

According to Chinese customs data, wigs and fertilizer were among China’s top exports to North Korea in April. China’s General Administration of Customs reported...

Business

Ukrainian firms seek expansion overseas as violence rages at home. Rostyslav Vovk realized he needed to expand his pet food company abroad after Russia...

Business

Chinese EV producer Nio invests in a nuclear fusion startup. According to a source with direct information and a corporate filing, Chinese electric vehicle...

Business

India and the UK are far apart on a free trade deal. Indian sources stated that disparities in tariff lines and investment protection laws...

Business

Brazil’s Finance Minister Fernando Haddad warned that the new government may delay its inflation target. “I think this improvement is to be made,” he...

Business

Oil prices rose on Friday after falling more than 1% as investors became cautiously hopeful about the U.S. debt default risk. By 0420 GMT,...

Business

On Friday, Qantas Airways Ltd. (QAN.AX), Australia’s flag carrier, said it wants to add seats and aircraft to its worldwide network to reach around...

Business

AMP was fined $16 million for billing deceased customers. AMP Ltd. (AMP.AX) will pay a court-mandated penalty of A$24 million ($16.3 million) for invoicing...

Business

In a Thursday evening consultation paper, India’s capital market regulator proposed consistent expense ratios for mutual funds to increase investor transparency. SEBI suggested including...

Business

On Thursday, the Chinese embassy in Washington announced that China’s commerce minister would visit the U.S. next week to meet with the commerce secretary...

Business

On Thursday, a source said Lazard Ltd. (LAZ.N) CEO Ken Jacobs would step down and be replaced by Peter Orszag, who heads the investment...

Business

Walmart Inc. (WMT.N) boosted its yearly sales and profit projections on Thursday as shoppers sought grocery deals. The top U.S. retailer by sales increased...

Business

Before meeting with Prime Minister Rishi Sunak on Thursday, Japanese companies pledged roughly 18 billion pounds ($23 billion) in Britain, including offshore wind power...

Business

Wall Street’s debt ceiling optimism boosts Asian stocks. Asia shares surged on Thursday, following Wall Street, while the dollar hovered just below a two-month...

budgeting

The World Bank reported Thursday that COVID-19 spending had put six Pacific nations in danger of debt hardship. Raising Pasifika recommended fiscal consolidation in...

Business

In April, China-bound shipments fell, dragging down Japan’s export growth. On Thursday, Ministry of Finance data showed that exports grew 2.6% in April from...

Business

After an internet-fueled run collapsed Silicon Valley Bank two months ago and shook the industry, bankers bolstered social media risk management, monitoring, and emergency...

Business

Indian and Asian shares rose on Thursday after signs that the U.S. was close to raising its debt ceiling. The Nifty 50 (.NSEI) increased...

Business

Deutsche Bank AG (DBKGn.DE) will pay $75 million to settle a lawsuit by women who claim Jeffrey Epstein abused them and that the German...

Business

Target Corp. (TGT.N) anticipated a second-quarter sales decrease and a profit below Wall Street projections on Wednesday as shoppers shun non-essentials like gadgets and...

Business

On Wednesday, a bookrunner said that Blackstone BX.N and Thomson Reuters TRI.TO sold 33 million London Stock Exchange Group LSEG.L shares for 2.7 billion...

Business

After weaker-than-expected economic data from the world’s two major oil customers, the United States and China, oil prices fell again on Wednesday. Brent futures...

Business

Japan supports G7 gas, but corporations may face long-term issues. Last month, Japan’s energy businesses welcomed the G7’s backing for natural gas investment, but...

Business

Japan subsidizes the Samsung chip plant. A source with direct knowledge of the situation said Japan is arranging subsidies of up to 15 billion...

Business

On Wednesday, British credit data giant Experian Plc (EXPN.L) said it expected its annual organic revenue to expand between 4% and 6% due to...

Business

Former First Republic firm CEO Michael Roffler blamed the firm’s collapse on contagion from other regional bank failures and said authorities did not raise...

Business

On Wednesday, French catering giant Elior (ELIOR.PA) upped its annual sales target but decreased profit prediction due to slower volume growth and inflationary pressures....

Business

As it prepares to rescue Credit Suisse Group AG (CSGN.S), UBS Group AG (UBSG.S) indicated in a presentation early on Wednesday that the buyout...

Business

On Wednesday, Commerzbank (CBKG.DE) reported a better-than-expected first-quarter net profit. The quarter’s net profit of 580 million euros ($638.46 million) compared to 298 million...

Business

After beating second-quarter sales forecasts, Siemens (SIEGn.DE) boosted its full-year revenue and profit guidance on Wednesday. The train and industrial software provider now predicts...

Business

According to a Tuesday regulatory filing, Credit Suisse Group AG cannot do business until its acquisition by rival UBS Group AG (UBSG.S) is complete....

Business

Indian shares fall on profit booking amid results rush. Indian markets dipped on Wednesday as investors booked profits after a 5% surge in the...

Business

According to Chief Cabinet Secretary Hirokazu Matsuno, Prime Minister Fumio Kishida will meet with global semiconductor firm executives to strengthen multilateral collaboration on Thursday....

Business

Asian shares were quiet on Wednesday, and the dollar stayed near a five-week top as investors remained risk wary amid U.S. debt ceiling talks...

Business

Struggling British online clothes retailer Boohoo (BOOH.L) said this year’s installation of its first U.S. distribution center may improve its fortunes by reducing delivery...

Business

Gary Nagle told the Bank of America conference in Barcelona on Tuesday that Glencore (GLEN.L) is a “distant second” to buying Teck Resources‘ (TECKb.TO)...

Business

On Tuesday, Deutsche Post (DPWGn.DE) said postage stamp prices must rise next year to pay rising costs. “In view of drastically increased costs due...

Breaking News

In prepared remarks on Tuesday, Treasury Secretary Janet Yellen will likely declare that the debt limit dispute is already hurting the U.S. economy by...

Breaking News

After several books and movies about China’s Tiananmen Square crackdown were pulled from library shelves, Hong Kong’s leader stated on Tuesday that public libraries...

Auto Repair

Tesla Inc. (TSLA.O) has sought regulatory approval to expand its Shanghai facility and make pouch-type battery cells in limited quantities. The Shanghai Gigafactory’s capacity...

Business

The broad dollar index rose on Tuesday as a jump in Britain’s jobless data suggested fewer Bank of England rate hikes may be needed...

Business

Two people with firsthand knowledge of Morgan Stanley’s intentions claimed the Wall Street firm would cut investment bankers’ Asia bonuses by as much as...

Business

On Tuesday, French construction-to-telecoms company Bouygues (BOUY.PA) reported a first-quarter operational profit, exceeding market expectations, helped by last year’s Equans purchase. Family-owned Bouygues, already...

Business

Despite weaker-than-anticipated Chinese economic data, Asia markets mainly held firm on Tuesday as investors expected policy support from the world’s second-largest economy. Emerging markets...

Business

China’s April industrial output and retail sales growth missed expectations, suggesting the economy lost impetus at the start of the second quarter and putting...

Business

With insolvency looming, Go Airlines of India sought emergency arbitration in a lawsuit against Pratt & Whitney in the U.S. state of Delaware. The...

Business

Cooling domestic inflation and sustained foreign institutional purchasing in stocks lifted Indian shares on Tuesday, while optimism of a U.S. debt ceiling resolution lifted...

Business

The BlackRock Investment Institute (BII) predicted central bank measures to manage inflation might cause a recession and market selloff later this year or in...

Business

On Monday, Sweden’s SAS AB (SAS.ST) said that the U.S. Bankruptcy Court for the Southern District of New York has approved equity solicitation processes,...

Business

Exxon settles Indonesia torture case that ousted SEC officer. Exxon Mobil Corp (XOM.N) resolved a long-running human rights complaint with Indonesian villagers who accused...

Economy

Bank of New York Mellon Corp. announced Monday that a top New York Federal Reserve official responsible for domestic markets would join the business...

Business

Envision Healthcare Corp. and its wholly-owned subsidiaries filed for Chapter 11 bankruptcy on Monday. In a court filing, the U.S. medical provider projected assets...

Breaking News

The Elysee Palace has confirmed media rumors that Elon Musk, the billionaire entrepreneur, would meet French President Emmanuel Macron and other political leaders on...

Business

British American Tobacco (BATS.L) named finance director Tadeu Marroco CEO Monday, succeeding Jack Bowles, who retired after four years. Marroco joined the board in...

Economy

According to Brussels-based sources, the European Commission anticipates Germany’s economic growth at 0.2% and Italy’s at 1.2%. The Commission will release spring forecasts at...

Business

Novartis (NOVN.S) announced the new Sandoz board members on Monday. The Basel corporation accepted Sandoz Chairman-designate Gilbert Ghostine’s ten board members, who will begin...

Business

Asian stocks rise ahead of China data, Fed speakers. Asian markets rose gingerly on Monday as investors awaited China’s industrial and retail statistics and...

Business

On Monday, Siemens Energy (ENR1n.DE), a power sector supplier, said its wind turbine segment remained under pressure and expected to hit the lower end...

Business

Two sources said that as the flash memory market slumps, Kioxia Holdings Corp. and Western Digital Corp. (WDC.O) are speeding up merger talks and...

Business

Newcrest supports Newmont’s $17.8 billion deal. Newcrest Mining Ltd., an Australian gold miner, backed Newmont Corp.’s (NEM.N) A$26.2 billion ($17.8 billion) takeover offer on...

Business

Four sources familiar with the case said German energy majors Sefe and Uniper (UN01.DE) had rewarded some traders millions of euros in bonuses for...

Breaking News

The Wall Street Journal reported Saturday that BlackRock Inc (BLK.N) CEO Larry Fink has been grooming five key leaders to succeed him. The CEO,...

Business

Two Adani group companies, including the Indian conglomerate’s flagship firm, revealed plans to raise $2.57 billion from the market months after a short-seller report...

Business

Luminar Technologies CEO Austin Russell and IWM announced Friday that Russell would buy a majority interest in Forbes Global Media Holdings for $800 million....

Economy

Germany committed to continue supporting Kyiv with 2.7 billion euros ($3.0 billion) in military aid on Saturday. A defense ministry said the package would...

Breaking News

On Saturday, Treasury Secretary Janet Yellen called a battle over extending the U.S. debt ceiling “more difficult” but said she was hopeful a solution...

Business

Australia’s Minister for Trade and Tourism, Don Farrell, said he was “pleased” with his talks with his Chinese counterpart in Beijing on trade obstacles...

Business

On Friday, Canada’s largest airline, Air Canada (AC.TO), posted a reduced adjusted quarterly deficit due to strong travel demand. Despite rising airfares and financial...

Business

On Friday, KFC and Pizza Hut operator Sapphire Foods India (SAPI.NS) reported a 57% drop in fourth-quarter profitability due to increasing expenses and competition...

Business

GSK sells partial ownership in spin-off Haleon at a discount. GSK (GSK.L) sold 240 million Haleon (HLN.L) shares at 335 pence each on Friday,...

Business

As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent crude futures fell 48...

Business

After rejecting the private equity firm’s most recent purchase offer, British e-commerce platform THG Plc (THG.L) announced on Friday that it had ended talks...

Business

On Friday, Japanese e-commerce and fintech behemoth Rakuten Group Inc (4755.T) reported an operating loss of 76.2 billion yen ($564.24 million) for the first...

Auto Repair

British engine maker Rolls-Royce (RR.L) said the new CEO’s plan to enhance profitability was advancing “at pace” and on track to exceed 2023 estimates,...

Business

According to a source, Go Airlines (India)’s new resolution professional told staff on Thursday that the firm needs finance to survive. On Wednesday, a...

Business

Vodafone (VOD.L) announced Thursday that the CEO of its largest shareholder, Emirates telecoms giant Etisalat (EAND.AD), commonly known as e&, will join its board...

Business

On Thursday, two government sources told Reuters that India’s income tax agency is searching Mankind Pharma Ltd.’s (MNKI.NS) New Delhi office days after the...

Business

Bayer (BAYGn.DE), a drug and pesticide company, said cost inflation and the reversal of last year’s glyphosate-based weedkiller price hike would likely weaken its...

Business

SoftBank Group Corp (9984.T) announced a 970 billion yen ($7.18 billion) financial loss for the year ended March 31, with the Vision Fund business...

Business

After reporting first-quarter revenue and profit in line, Deutsche Telekom (DTEGn.DE) upped its full-year operating profit estimate on Thursday. On a more bullish forecast...

Business

As Canberra pushes for commercial liberalization and diplomatic stability, Australia’s commercial Minister landed in Beijing on Thursday to meet his Chinese counterpart. Trade Minister...

Business

The U.S. agency identified unsatisfactory Chinese firm audits. The federal body announced Wednesday that the U.S. Public Company Accounting Oversight Board (PCAOB) discovered unacceptable...

Business

On Wednesday, Israel-based Teva Pharmaceutical Industries (TEVA.TA) announced first-quarter profit below projections. Still, they maintained its full-year outlook, citing a hope that new product...

Business

On Wednesday, contract research business Syneos Health Inc. (SYNH.O) announced that Elliott Investment Management, Patient Square Capital, and Veritas Capital would purchase it for...

Business

Europe serves as a gateway to post-COVID China for investors. The unevenness of China’s financial recovery and geopolitical worries has led investors to prefer...

Business

Post-pandemic consumer travel trends are driving airlines to guess at the “new normal” by eliminating flights, rebuilding networks, and squeezing more passengers into planes....

Breaking News

Tucker Carlson, fired by Fox News last month, indicated he will return to Twitter “soon.” Fox News Media and Carlson parted ways last month...

Breaking News

After a rise that brought sterling to its highest in a year, Deutsche Bank stated on Wednesday that the British pound is no longer...

Business

BYD Co Ltd (002594. SZ) lowered the beginning price of its best-selling Seal sedan by 10% on Wednesday to expand its lead in the...

Business

Crude prices dipped on Wednesday, halting a three-day gain, as an unexpected surge in U.S. crude stocks raised demand worries, and investors awaited inflation...

Business

On Wednesday, food caterer Compass Group (CPG.L) boosted its fiscal 2023 expectations after half-year earnings rose 41%, helped by more people returning to work...

Auto Repair

On Wednesday, Toyota Motor Corp (7203.T) forecast a 10% increase in operating profit and a five-fold increase in pure electric vehicle (EV) sales due...

Business

UK equities moved higher on Wednesday as investors avoided major bets ahead of US inflation data. At the same time, aerospace firm Melrose soared...

Business

After beating forecasts for the first quarter because of strong U.S. sales, Ahold Delhaize (AD.AS) CEO Frans Muller predicted Wednesday that food inflation in...

Breaking News

On Tuesday, Breaking Defense magazine claimed that the UAE had canceled an 800 million euro ($880.6 million) Airbus (AIR.PA) contract to buy 12 H225M...

Business

Stocks fall as investors’ anxieties appear ahead of US inflation data. Asia stocks were struggling to climb, and the dollar was steady on Wednesday...

Business

Virgin Australia completed capital return plans for IPO. In an internal email on Wednesday, Chairman Ryan Cotton said that Virgin Australia’s IPO is “well...

Business

Three sources said CICC Capital, a unit of Chinese investment bank CICC (3908. HK), has stopped employing consultant Capvision Partners as other financial businesses...

Business

SoftBank Group Corp (9984.T) announced earnings on Thursday amid an increase in some Vision Fund equities and a market eager for news on its...

Business

Rupee may fall more before critical U.S. inflation statistics. After falling below a critical threshold in the previous session, the Indian rupee may fall...

Business

On Wednesday, India’s fourth-largest airline, Go Airlines (India) Ltd., and its 7,000 workers will face a bankruptcy plea judgment that would affect overseas lessors...

Business

Britain sets financial watchdog standards to keep City competitive. On Tuesday, Britain’s finance ministry requested input on defining regulator targets to enhance London’s post-Brexit...

Business

On Tuesday, Apollo Global Management Inc. (APO.N) reported that its first-quarter adjusted net income decreased 8% year-over-year, missing projections due to reduced asset sales....

Business

On Tuesday, Spanish travel booking giant Amadeus (AMA.MC) reported a near 200% increase in first-quarter adjusted net profit, above analysts’ projections. The three-month adjusted...

Business

MSCI will give Egyptian securities in its indexes “special treatment” after investor criticism about poor FX liquidity. MSCI stated late Monday that it will...

Business

On Tuesday, the American Chamber of Commerce in Shanghai expressed alarm about allegations of Chinese probes into U.S. due diligence and consulting businesses and...

Business

According to two sources, as it expands in the world’s second-largest economy, HSBC (HSBA.L) has agreed to buy out its China fund management joint...

Business

Purplebricks Group (PURP.L), Britain’s largest online-only estate firm, said Tuesday it was unlikely to return to revenue generating in the early financial year 2024....

Business

Amazon offers $10 for pickup to reduce shipping expenses. Amazon.com (AMZN.O) is joining other retailers to cut home delivery and return expenses despite sluggish...

Business

Oil prices dipped on Tuesday as the market remained cautious ahead of April U.S. inflation numbers, which will influence the Fed’s next interest rate...

Business

Grifols (GRLS.MC) announced that its executive chairman, Thomas Glanzmann, will become its new CEO, terminating the founding family’s executive leadership. After Steven F. Mayer...

Business

Merck (MRCG.DE), a German pharmaceutical company, said on Monday that Helene von Roeder would replace Marcus Kuhnert as CFO and a member of the...

Business

On Monday, contract drugmaker Catalent Inc. (CTLT.N) said it expected to “significantly” lower its 2023 sales and core profit expectations and delay its third-quarter...

Business

On Monday, Volkswagen-owned Czech automaker Skoda Auto reported a 60.8% increase in first-quarter operating profit to 542 million euros ($598 million) and a 33%...

Business

Shares gain, while the dollar falls before inflation data. In fair trading on Monday, global equities rose ahead of U.S. inflation data this week...

Business

On Monday, KKR & Co Inc (KKR.N) reported a 26% decline in first-quarter distributable earnings due to a steep drop in asset sales from...

Business

On Monday, Tyson Foods Inc. (TSN.N) lowered its full-year sales projection, indicating that price rises and strong inflation prevent customers from buying its goods....

Business

On Monday, Standard Chartered (STAN.L) CEO Bill Winters said a U.S. recession was improbable, but a period of negative growth was feasible. “I think...

Business

Toyota Motor Corp (7203.T) has halted sales of the Yaris ATIV. Still, senior executives said Monday that the vehicle is safe and that all...

Business

On Monday, Go Airlines asked India’s corporate law tribunal to immediately rule on its bankruptcy appeal, citing lessors’ attempts to repossess planes. The cash-strapped...

Business

On Monday, PostNL (PTNL.AS) reported an unexpected first-quarter operational profit, supported by a smaller-than-expected package volume decline and last year’s adaptive measures. As demand...

Auto Repair

China is the epicenter of the electric car pricing war, and Tesla Inc (TSLA.O) and BYD (002594. S.Z.) dominate the SUV sector. Analysts and...

Business

Bain Capital wants $4 billion for global special circumstances fund. Two sources claimed Bain Capital is seeking $4 billion for a worldwide “special situations...

Business

After beating first-half profit projections, Westpac Banking Corp. (WBC.AX) dropped a cost-cutting objective on Monday, citing inflation. The country’s No. 2 mortgage provider reported...

Business

According to insiders, Alibaba’s (9988. HK) logistics business plans to list in Hong Kong early next year to raise $2 billion, supporting prospects for...

Business

SAP (SAPG.DE) and Siemens (SIEGn.DE) have joined U.S. tech titans in criticizing new EU legislation on smart gadgets and consumer goods data usage. EU...

Business

In a Monday statement, the Reserve Bank of New Zealand proposed gathering financial entity data on cyber events to understand financial sector cyber risks...

Business

Gold is flat as traders await US inflation data. Gold prices remained steady on Monday as cautious investors anticipated this week’s U.S. inflation data,...

Business

Sweden’s Assa Abloy AB (ASSAb. S.T.), the world’s No. 1 lock producer, and Spectrum Brands Holdings (SPB.N) announced a settlement with the U.S. Justice...

Business

Warren Buffett’s Berkshire Hathaway Inc BRKa.N reported a $35.5 billion first-quarter profit, helped by Apple Inc. gains and a Geico recovery. Berkshire also accelerated...

Business

On Saturday, proxy consulting company Institutional Shareholder Services (ISS) advised Shell (SHEL.L) shareholders to vote against a climate activist resolution seeking speedier carbon reduction...

Business

According to two sources, Singapore state investor Temasek Holdings (TEM.UL) may invest $100 million in Indian jewelers BlueStone for a 20% share. Temasek may...

Business

UBS Group AG (UBSG.S) CEO Sergio Ermotti has nominated Credit Suisse Group AG (CSGN.S) executives most likely to join the management team, the Financial...

Business

On Friday, negative investors were surprised by Carvana Co.’s (CVNA.N) second-quarter earnings prediction, sending its shares up 55%. Carvana struggled in 2022 to sell...

Business

The World Gold Council (WGC) said Friday that investor buying dropped in the first three months of 2023, offsetting central bank and Chinese consumer...

Business

British Airways-owner IAG (ICAG.L) and Air France-KLM (AIRF.PA) announced strong summer reservations on Friday as holidaymakers continued to plan despite a cost-of-living issue. IAG,...

Business

Sources say JPMorgan Chase & Co. CEO Jamie Dimon will visit mainland China for the first time in four years this month, the latest...

Business

Holiday Inn owner IHG Plc (IHG.L) announced Friday that its Americas CEO Elie Maalouf would follow Keith Barr as CEO on June 30. Barr,...

Business

On Friday, Adidas (ADSGn.DE) reported better-than-expected first-quarter revenues, down 1% from last year. However, investors believe the German sportswear giant can turn its fortunes...

Business

On Thursday, Kellogg Co. (K.N) anticipated a smaller annual profit decrease and boosted the lower end of its sales prediction due to persistent price...

Business

After announcing forecast-beating earnings on Thursday, Danish drugmaker Novo Nordisk (NOVOb. C.O.) warned it would have to cut U.S. initial dosages of its popular...

Business

Equinor (EQNR.OL) surpassed first-quarter profit projections on Thursday, powered by energy trading, but earnings were significantly below last year’s record due to a severe...

Business

TIM (TLIT.MI) directors will meet on Thursday to discuss how to respond to multi-billion proposals for the phone company’s landline infrastructure as major investor...

Auto Repair

Price increases improve BMW automobile sales. BMW (BMWG.DE) reported a higher earnings margin for its cars segment on Thursday, with a rise to 12.1%...

Business

Adidas (ADSGn.DE) will inform investors on Friday about the unsold Yeezy sneakers that have plagued the German sportswear company since it parted ties with...

Economy

Shell (SHEL.L) reported a $9.65 billion first-quarter net profit on Thursday, above analysts’ expectations. Fuel trading earnings offset falling oil and gas prices. For...

Business

Australia’s exports to China reached record highs in March as the Asian superpower sucked in more iron for its steel sector and cut thermal...

Business

On Thursday, French IT consultancy firm Capgemini (CAPP.PA) reported poorer revenue growth in the first quarter of 2023 than a year earlier, blaming a...

Business

Biden administration approves Chinese airline flights to the US. On Wednesday, the Transportation Department (USDOT) said Chinese airlines could boost U.S. passenger services to...

Business

On Thursday, Taiwan Defence Minister Chiu Kuo-cheng said supply chain difficulties had delayed the arrival of 66 sophisticated modern F-16Vs from the U.S. Still,...

Breaking News

Fed hikes rates, opens the door to tightening cycle stop. The Federal Reserve’s handling of the post-pandemic economic recovery entered a new chapter on...

Business

S3 Partners reports that Nvidia Corp (NVDA.O) short sellers have lost $5.09 billion this year while the stock has risen over 90%. The company...

Business

Ford Motor Co. (F.N.) announced Wednesday that it would incur restructuring expenditures of $1.5 billion to $2 billion in 2023 to close unproductive locations...

Business

CEO: Go. The First owner won’t leave the airline. On Wednesday, Go Airlines (India)’s CEO told Reuters that the budget carrier’s owner had no...

Business

U.S. chip export regulations scarcely hinder China’s A.I. industry. Last year’s U.S. semiconductor export limits to halt China’s supercomputer development for nuclear weapons and...

Business

On Wednesday, Britain’s competition authority said it was investigating Adobe Inc.’s (ADBE.O) $20 billion takeover of cloud-based designer platform Figma to see if it...

Business

A source said U.S. asset manager Apollo Global Management Inc (APO.N) would apply to Swedish and Danish regulators to purchase a majority interest in...

Business

Airbnb’s four-part payment option increases pricing transparency. Airbnb Inc. (ABNB.O) predicts a record 300 million guest visits in 2023 and will allow customers to...

Business

Lloyds surpasses earnings expectations, hints stress ahead. On Wednesday, Lloyds (LLOY.L) surpassed first-quarter profit predictions thanks to rising interest rates, but early signs of...

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U.S. SEC will vote on private fund and hedge fund disclosures. On Wednesday, the SEC will vote whether to impose new regulations for hedge...

Business

Cash-strapped On Tuesday, Indian airline Go First declared bankruptcy, blaming “faulty” Pratt & Whitney engines for grounding half its fleet. The first major airline...

Business