China’s state banks seen selling dollars offshore to slow yuan drop – sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mar..
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Indonesia’s Pertamina, Electrum sign battery packs development deal
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for ..
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Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
KUALA LUMPUR (Reuters) – Petronas said on Tuesday it has signed a development agreement with TotalEnergies Carbon Neutralit..
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Dollar holds firm ahead of U.S. durable goods, housing data
By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmer..
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Illumina starts job cuts, plans office exit to rein in costs
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the imp..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating ..
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UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
By James Davey and Sarah Young LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence ..
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Yara postpones clean ammonia IPO after weak valuation
OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offering of its Yara Clean Ammonia (YCA) business by one o..
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German business sentiment points to likelihood of longer recession
BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating tha..
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AB Foods raises profit outlook as Primark gets summer boost
By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion busi..
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Creating and maintaining sustainable IT infrastructure
Spokesperson – Jeremy Isaacs, Sales Specialist Director – IT Infrastructure, Ricoh UK Jeremy Isaacs, Head of IT Infrastructur..
Business
Euronext to sell 11.1% stake in LCH SA to LCH Group
PARIS (Reuters) -European stock market operator Euronext said on Monday it had agreed to sell its 11.1% stake in the European operatio..
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Analysis-After the buzz, investors are doing their own homework on AI
By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted market..
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PwC Australia says staff involved in tax leak face ‘severe’ consequences
By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over th..
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Desperately seeking staff: Paris Airshow lets jobless in for free
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new..
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Explainer-Top Indian startup Byju’s battles auditor criticism, board exits
By M. Sriram MUMBAI (Reuters) – Education technology giant Byju’s, one of India’s biggest startups valued at $22 bi..
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Mitsubishi sees no Sakhalin-2 LNG operational issues after Shell exit
TOKYO (Reuters) – Japan’s Mitsubishi Corp expects no operational problems at the Sakhalin-2 liquefied natural gas (LNG) p..
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Honda to recall about 1.2 million vehicles in US – NHTSA
(Reuters) – Honda Motor Co is recalling about 1.2 million vehicles in the United States due to an issue with the rearview camer..
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European shares set for worst week in three months, Siemens Energy plunges
By Shreyashi Sanyal (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views..
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UK consumer morale touches 17-month high despite inflation pain – GfK
By Suban Abdulla LONDON (Reuters) – British consumer sentiment hit its highest level since January 2022 as households turn more..
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Investors increase bets on UK recession as rate hikes bite
By Naomi Rovnick and Harry Robertson LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England..
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Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons ..
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Lithium producers warn global supplies may not meet electric vehicle demand
By Ernest Scheyder LAS VEGAS (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortag..
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Saudi’s SAMI signs pact with Safran Helicopter Engines for engine maintenance
(Reuters) – State-owned Saudi Arabian Military Industries(SAMI) signed an agreement with France’s Safran Helicopter Engin..
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Microsoft says new computing service for chemicals can slash R&D time
By Stephen Nellis Microsoft Corp on Wednesday introduced a new computing service aimed at helping chemical companies speed up the res..
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Aegon bets on Transamerica to boost cash flow and dividend in 2025
(Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in..
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Britain says insurer capital rule changes to start by end of 2023
By Huw Jones LONDON (Reuters) -Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to ‘..
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Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most exp..
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Swiss National Bank calls for new measures after Credit Suisse crash
By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse..
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Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software compan..
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Intelsat, SES end merger talks – source
By Nilutpal Timsina (Reuters) -Intelsat has ended merger talks with SES SA, a source familiar with the matter told Reuters on Wednesd..
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Oil rallies as grain markets tighten, dollar falls on Fed Chair comments
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-m..
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Dollar higher after Powell says Fed inflation fight ‘has a long way to go’
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday after Federal Reser..
Finance
French send deep diving robot to help Titanic sub search
By Louise Dalmasso PARIS (Reuters) – A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to hel..
Technology
Factbox-Aviation emissions targets in focus at Paris Airshow
By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air tra..
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UK manufacturers see lowest inflation since Feb 2021 – CBI
LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since February 2021 over the next three ..
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German recession will be sharper than expected: Ifo
BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on priv..
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