By Marc Jones LONDON (Reuters) – The equation for financial markets over the last few months has been simple and painful: A near 30% surge in oil prices + a steep rise in borrowing costs = a clattering for global stocks and bonds. Sub plots have included Saudi Arabia and Russia cutting crude supplies and […]

By Christoph Steitz FRANKFURT (Reuters) -Volkswagen said on Thursday that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again. The incident, which VW said began at 1030 GMT on Wednesday and was disclosed late that evening, […]

By Katie Paul and Anna Tong MENLO PARK, California (Reuters) – Meta Platforms Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including bots that create photo-realistic images and smart glasses that answer questions, as well as an updated virtual-reality headset. Zuckerberg described the products as bringing together virtual and real […]

By David Shepardson (Reuters) -Ford Motor said on Sunday that despite progress in some areas, it still has “significant gaps to close” on key economic issues before it can reach a new labor agreement with the United Auto Workers union. The “issues are interconnected and must work within an overall agreement that supports our mutual […]

(Reuters) -Coty on Monday launched a global offering of 33 million shares and said it had submitted an application for dual listing of its shares on the Paris Stock Exchange. The CoverGirl cosmetics maker’s shares were down more than 4% after the bell. The company said it plans to use the proceeds from the offering […]

MEXICO CITY (Reuters) -Mexico’s foreign ministry urged U.S. authorities on Thursday not to take “unilateral measures” complicating trade at the border with the United States, as some ports of entry have been shut down. U.S. officials have temporarily closed some border crossings to shift Customs and Border Protection (CBP) officers to process more migrant arrivals, […]

(Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier forecast of a cut in the second quarter. The Fed on Wednesday kept its benchmark interest rate unchanged in the 5.25% – 5.5% range and […]

By David Lawder and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -Treasury Secretary Janet Yellen said on Tuesday U.S. growth needed to slow to a pace more in line with its potential rate to bring inflation back to target levels since the economy was operating at full employment. But demand-supply imbalances in the labor market have abated, […]