Business News

SEOUL (Reuters) — South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out of the United States if President Joe Biden does not overturn a trade panel’s decision against it by April 11. “The company has been consulting with experts …

PARIS/WASHINGTON (Reuters) —  Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage of a fast vaccine rollout even as their European counterparts languish in extended lockdowns. And while some U.S. health experts e…

(Reuters) —  Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. The company told Reuters it had launched the pilot program with …

NEW YORK (Reuters) — U.S. stock index futures pointed to a lower open for Wall Street on Monday after a surge in the previous session, as global banks said they faced potential losses from a hedge fund’s default on margin calls. Nomura and Credit Suisse warned of losses after the U.S. hedge fund, n…

CAIRO (Reuters) — The giant container ship that blocked the Suez Canal for almost a week was fully floated on Monday and traffic in the waterway would resume, the canal authority said in a statement. A Reuters witness saw the ship moving and a shipping tracker and Egyptian TV showed it positioned i…

BEIJING (Reuters) — At least three Chinese celebrities on Saturday dropped German fashion house Hugo Boss, the latest foreign brand caught in a concerted boycott by Chinese consumers over Western accusations of forced labor in Xinjiang. Among the celebrities who ended their pacts with Hugo Boss was…

CAIRO (Reuters) —  Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes. President Joe Biden said his administratio…

WASHINGTON (Reuters) — Amazon.com’s social media team bared its teeth this week to go after two big critics in Congress: Sens. Bernie Sanders and Elizabeth Warren. Amazon first struck out Wednesday with tweets by Dave Clark, chief executive of Amazon’s worldwide consumer business, who criticized Sa…

NEW YORK (Reuters) —  A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a massive spending package navigating political obstacles and the speed of any benefits filtering into the economy stand to temper any enthusiasm. A …

MANILA (Reuters) — The Philippine central bank has the scope to maintain monetary policy support for the country’s economy, but is on guard against “second-round effects” that could push inflation higher, its governor said on Wednesday. In remarks ahead of the central bank’s policy meeting on Thurs…