Business News

NEW YORK (Reuters) — High-end department store conglomerate Saks Global filed for ​bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic, barely a year after a deal that brought Saks Fifth Avenue, Bergdorf ‌Goodman and Neiman Marcus under the same roof.

(Reuters) — Alphabet briefly hit $4 ​trillion in market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed ‌doubts about its strategy and thrust it back to the forefront of the high-stakes race.

(Reuters) — Global smartphone shipments rose 2% year-on-year in 2025, lifted by stronger demand and economic momentum in emerging markets, Counterpoint Research said on Monday.

SAVAGE, Minnesota (Reuters) — U.S. Treasury Secretary Scott Bessent has told Reuters that additional U.S. sanctions on Venezuela could be lifted as soon as next week to facilitate oil sales, and that he will also meet next week with the heads of the International Monetary Fund and World Bank on the…

SINGAPORE (Reuters) — Oil prices steadied on Thursday after their recent slide, while stocks retreated as investors assessed the implications of deepening geopolitical tensions and mixed U.S. labor market data.

SINGAPORE (Reuters) — Jollibee Foods Corp. plans to spin off its international operations and list the new unit as an independent company on a U.S. securities exchange, it said in a filing with the Philippine Stock Exchange on Tuesday.

(Reuters) — Wall Street ended higher on Monday, with surging financial shares helping lift the Dow Jones Industrial Average to an all-time peak, while energy firms jumped after a U.S. military strike captured Venezuelan President Nicolas Maduro.

SINGAPORE (Reuters) — Asian stocks climbed and oil prices were choppy on Monday as investors considered the implications of U.S. military action in Venezuela to prepare for a packed week of economic data releases in the first full trading week of the year.

MIAMI (Reuters) — Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro’s capture by U.S. forces.

TOKYO (Reuters) — Two major Japanese business lobbying groups called on the government to address the yen’s weakness, which is inflating import costs and weighing on households and businesses, their chiefs told domestic media in separate interviews.