Oil climbs close to April peak on tighter supply
By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by suppl..
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Automakers’ demand helps STM weather softening chip market
(Reuters) -European chipmaker STMicroelectronics on Thursday forecast higher third-quarter sales as demand from automakers helped it ..
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Mediobanca to launch new $223 million buyback after record year
MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223..
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Sabadell doubles Q2 net profit, lifts guidance for 2023
By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating marke..
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EDF swings to profit thanks to price increases
PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss i..
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ArcelorMittal cuts steel demand forecast, beats profit expectations
By Marine Strauss BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on T..
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Banks to fuel boom in UK Plc regular dividend payouts
MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion..
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Samsung to extend production cuts after $7 billion chip loss in H1
By Joyce Lee and Ju-min Park SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip marke..
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Mercedes-Benz says better supplies boost orders, economy still weighs
BERLIN (Reuters) – Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers even as supply cha..
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Facebook parent Meta sees advertising jump, tops Wall Street targets
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping W..
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Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Mic..
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Nissan seals Renault deal, now faces hard yards in China
By Daniel Leussink and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric v..
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Limited support for central bank digital currencies in global investment industry survey
By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital currenc..
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Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Faceb..
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Intel, Ericsson to work together on custom 5G chip
By Stephen Nellis (Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson t..
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Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resol..
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Dulux maker Akzo Nobel lifts outlook on easing raw material costs
By Matteo Allievi (Reuters) -Dutch paints and coatings maker Akzo Nobel raised its annual profit outlook on Tuesday, supported by dec..
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France’s Thales to buy Imperva in $3.6 billion cybersecurity deal
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imp..
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Peace-themed torch unveiled for Paris 2024 Olympics
PARIS (Reuters) – The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection o..
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“Last hope”: Eager Germans are prepared to pay for weight-loss drug
By Ludwig Burger and Maggie Fick FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 ..
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Unilever sees Chinese consumer confidence at ‘historical low point’
By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property ma..
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Euro zone firms slash loan demand to lowest on record: ECB poll
FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further decline..
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Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake
By Fransiska Nangoy and Bernadette Christina TANGERANG, Indonesia (Reuters) -Indonesia’s Pertamina and Malaysia’s Petrona..
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Keyboard maker Logitech raises forecast for first half of 2024
(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday in its ..
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UK’s Virgin Media O2 to lay off up to 2,000 employees by year end
(Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end ..
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Global shares, U.S. yields rise as investors eye rates, earnings
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets and Treasury yields rose on Monday as investors braced for interest rate d..
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Luxury Brands Are Now Entering Space At Lightspeed
Interstellar travel is becoming more frequent and fast becoming the new playground for those rich enough for an ‘out of this world’ e..
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Southern Europeans splash out on air-con as heatwave drags on
By Corina Pons and Elisa Anzolin MADRID/MILAN (Reuters) – As Southern Europe battles extreme heat with no end in sight, people ..
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Naturgy’s profit rises on LNG gains, soothing shareholders
By Pietro Lombardi MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six ..
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Worsening euro zone business downturn reignites recession fears
By Jonathan Cable LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s ..
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Vodafone takes ‘first steps’ in turnaround with top-line improvement
By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improveme..
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UK firms grow at slowest in 6 months as rate hikes weigh: PMI
LONDON (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses..
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Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy
By Tim Kelly, Karen Freifeld and Kentaro Sugiyama TOKYO/NEW YORK (Reuters) – Japan’s imposition of export controls on chi..
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Philips slightly raises 2023 outlook after Q2 core profit beat
(Reuters) -Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expect..
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Julius Baer reports 18% H1 net profit rise
ZURICH (Reuters) -Swiss private bank Julius Baer reported an 18% increase in net profit for the first half of 2023 on Monday as it sa..
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Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays
DUBLIN (Reuters) -Ryanair on Monday posted a 663 million euro ($737.26 million) after-tax profit for the three months ending in June,..
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Yen pressured as traders wait on policy decisions
By Tom Westbrook SYDNEY (Reuters) – The dollar and euro made firm starts on Monday to a week full of central bank meetings, whil..
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