Category: Business News

Stay informed with free updates Simply log in to the US economy myFT summary — delivered straight to your inbox. The writer is the president of Rockefeller International. His latest book is ‘What went wrong with capitalism‘ The idea of ​​America as an exceptional nation, superior to its rivals and therefore destined to lead the…

Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) – Just days before UniCredit Chief Executive Andrea Orcel set a takeover target in Italy, more evidence emerged of fierce opposition to his interest in leading German bank Commerzbank ( ETR: ). A group of clients from Germany’s corporate elite begged Commerzbank’s chief executive to reject…

By Wayne Cole SYDNEY (Reuters) – The dollar rallied again on Monday in what looks to be a critical week for the prospect of a U.S. interest rate cut, with verbal support from U.S. President-elect Donald Trump. In a surprise change of tone, Trump on Saturday demanded that BRICS member countries pledge not to create…

By Simon Jessop and Pesha Magid RIYADH (Reuters) – Restoring the world’s degraded land and keeping its deserts in place will require at least $2.6 trillion in investment by the end of the decade, the U.N. executive director overseeing global talks on the issue told Reuters, quantifying the cost for the first time. More frequent…

By Miho Uranaka and Sam Nussey TOKYO (Reuters) – Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said . They spoke on condition of anonymity ahead of Kioxia’s regulatory filing, which is…

(Reuters) – Asia’s biggest manufacturing economies boosted activity in November, with Chinese factories extending their recovery partly boosted by stimulus from Beijing and surging exports, although weak changes elsewhere in the region pointed to some challenges. Risks to global trade from Donald Trump’s second term as president loomed over factories as investors weighed a series…

Investing.com– Shares of Chinese electric vehicle maker BYD Co (HK: ) rose on Monday after the company reported a sharp annual increase in vehicle sales in November, while domestic demand remained strong. BYD shares in Hong Kong were up 2.6% at HK$260.40 by 10:28 PM ET (03:28 GMT). The company, which is a major Chinese…

(Reuters) – Singapore’s central bank said on Monday it had fined U.S. lender JPMorgan Chase (NYSE: ) 2.4 million Singapore dollars ($1.79 million) in a civil penalty for failing to prevent and detect misconduct by its managers for public relations. The Monetary Authority of Singapore (MAS) said JPMorgan’s relationship managers provided incorrect or incomplete information…

TOKYO (Reuters) – Japan’s factory activity shrank at the fastest pace in eight months in November as weak demand prompted companies to cut production, a private sector survey showed on Monday. The final Purchasing Managers’ Index (PMI) at Jibun Bank in Japan slipped to 49.0 in November, the lowest level since March, from 49.2 in…

By Rahul Trivedi and Vivek Mishra BENGALURU (Reuters) – Average house prices in India will rise steadily over the next few years, driven mainly by demand from wealthy individuals, while the rising cost of living will put home ownership out of reach for most people, a Reuters survey showed. As India’s middle class tightens its…