Business News

By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes …

By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses …

By Davide Barbuscia NEW YORK (Reuters) – U.S. Treasury futures rose on Monday on expectations that investors will buy bonds as a safe haven during the conflict in the Middle …

By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Monday it is laying off another 570 workers and General Motors announced cuts of nearly 200 employee due to the United …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are likely to open higher on Tuesday following …

By Doyinsola Oladipo (Reuters) -Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, …

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 4% on Monday, recouping some of last week’s steep losses, as military clashes between Israel and the Palestinian Islamist group Hamas …

By Svea Herbst-Bayliss and Dawn Chmielewski (Reuters) -Activist investor Nelson Peltz is planning a new board challenge at Walt Disney less than 10 months after the home of Mickey Mouse …

By Vivian Sequera, Andrew Mills and Marianna Parraga CARACAS/DOHA/HOUSTON (Reuters) – Venezuela and the U.S. have progressed in talks that could provide sanctions relief to Caracas by allowing at least …

By Arathy Somasekhar HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the …

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The safe-haven dollar rose on Monday against the euro as military clashes between Israel and the Palestinian Islamist group Hamas raised …

By Howard Schneider and Ann Saphir DALLAS (Reuters) -Top ranking Federal Reserve officials indicated Monday that rising yields on long-term U.S. Treasury bonds, which directly influence financing costs for households …

PARIS (Reuters) – Airbus on Monday confirmed it had delivered 55 aircraft in September, bringing the nine-month total to 488 jets. Deliveries included the first A350 for Air India, part …

By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -The World Bank on Monday urged a “rapid de-escalation” of the fighting in Israel and Gaza as the violence cast a …

By Lewis Krauskopf and Naomi Rovnick (Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Israel’s …

By Gary McWilliams HOUSTON (Reuters) -The head of Exxon Mobil’s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a …

By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy is lobbying its European Union partners with increasing urgency to approve more flexible budget rules, according to government sources, as …

By Chris Prentice WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) has taken Elon Musk to court again, and this time it may win. The agency on Thursday asked …

By Joyce Lee SEOUL (Reuters) -Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their China factories indefinitely without separate U.S. approvals, South Korea’s presidential …

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and the possibility …

By Andrea Shalal MARRAKECH, Morocco (Reuters) -A new tool launched on Monday to track reforms by the World Bank and the five biggest multilateral development banks (MDBs) shows that broad …

By Ann Saphir DALLAS (Reuters) -The recent rise in long-term U.S. Treasury yields, and tighter financial conditions more generally, could mean less need for the Federal Reserve to raise interest …

By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, …

By Johan Ahlander, Simon Johnson STOCKHOLM (Reuters) -Harvard economic historian Claudia Goldin won the 2023 Nobel economics prize for her work exposing the causes of deeply rooted wage and labour …