Economy News

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean chipmaker SK Hynix Inc said the industry downturn will worsen in the first half of 2023, as it turned in a record...

By Nate Raymond BOSTON (Reuters) - The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and...

By Trevor Hunnicutt and David Morgan WASHINGTON (Reuters) - U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy won't come to their first meeting over...

By Tom Balmforth and Dan Peleschuk KYIV (Reuters) - Russian forces are making incremental gains in their push to take territory in Ukraine's eastern province of Donetsk, focusing...

By Andy Sullivan WASHINGTON (Reuters) - A Democratic president. A new Republican majority in the U.S. House of Representatives pushing for sharp spending cuts. A rapidly growing...

By Krystal Hu (Reuters) - OpenAI, the creator of the popular chatbot ChatGTP, has released a software tool to identify text generated by artificial intelligence, the company said...

(Reuters) -Mondelez International Inc beat market expectations for quarterly results on Tuesday, as more consumers snacked on the Oreo maker's chocolates and biscuits over the...

BERLIN/PRAGUE (Reuters) - Seven European Union member states from the north and east of the bloc have written to Valdis Dombrovskis, vice president of the European Commission, to...

By Stephen Culp (Reuters) - A look at the day ahead in markets from Stephen Culp, New York stock market reporter. Asian stocks are primed for a green Wednesday on the heels of a...

By Nandita Bose and Jarrett Renshaw NEW YORK (Reuters) -President Joe Biden traveled to New York City on Tuesday to tout nearly $300 million in new spending for a critical...

NEW YORK (Reuters) - The negative impact of currency fluctuations on North American companies' results rose sharply again in the third quarter of 2022, data from treasury and...

By Matt Tracy (Reuters) - Moody's (NYSE:MCO) Investors Service expects the U.S. corporate debt default rate to accelerate to nearly 6% by year-end from 2% in 2022, it said in a...

NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since August, the U.S. Energy...

By Laila Bassam, Maya Gebeily and Timour Azhari BEIRUT (Reuters) -Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor...

WASHINGTON (Reuters) - President Joe Biden will release his proposed budget on March 9, the White House said on Tuesday, setting a deadline before his meeting with the Republican...

By Andrea Shalal WASHINGTON (Reuters) - The U.S. Treasury Department on Tuesday said it had no indication that U.S. funds had been misused in Ukraine, but would continue to work...

LONDON (Reuters) - Two British trade unions challenging changes to public sector pensions told a London court on Tuesday that the government was unlawfully passing the...

(Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic...

By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) - Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money...

By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock...

WASHINGTON (Reuters) - U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow...

BRASILIA (Reuters) - Brazil's economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the Finance...

(Reuters) - Officials from the United States and Oman met in Muscat this week to discuss efforts to curb money laundering and terrorist financing and increase investment...

JAKARTA (Reuters) - Indonesia's finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose...

By Alexander Marrow (Reuters) - The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country's economy to a second...

By Huw Jones LONDON (Reuters) - European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and interest...

By Maya Gebeily CHTAURA, Lebanon (Reuters) - The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out...

BERLIN (Reuters) - The European Union does not want to wage a subsidy war against the United States over its Inflation Reduction Act, EU Commissioner Paolo Gentiloni said in...

By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) - Even as hopes grow that central European economies can avoid all-out stagflation, the region's central...

MOSCOW (Reuters) -Russia's labour market, budget and balance of payments will exert inflationary pressures in 2023, the central bank said on Tuesday, while the rouble's December...

By Antonella Cinelli and Valentina Consiglio ROME (Reuters) - Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning...

(Bloomberg) -- Federal Reserve officials are on track to consider pausing interest rate hikes following their March meeting if more evidence of cooling inflation rolls in. That’s...

ANKARA (Reuters) - Turkey's government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft...

By Victoria Klesty OSLO (Reuters) - Norway's wealth fund, one of the world's largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to...

By David Milliken LONDON (Reuters) -More companies suffered insolvency last year in England and Wales than any time since 2009, government figures showed on Tuesday, reflecting...