Major Chinese banks cut deposit rates after reduction in lending rates
BEIJING/SHANGHAI (Reuters) -Five of China’s major state-owned banks said on Thursday they would cut deposit rates, days after th..
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Ford profit disappoints, stock falls 11% as quality issues dog automaker
By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker cont..
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UK car output logs fourth consecutive monthly fall in June, data shows
(Reuters) – UK’s car output fell for the fourth consecutive month in June, as more manufacturers wound down old models and..
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Reckitt to offload homecare brands, consider nutrition options
By Agata Rybska (Reuters) – Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio ..
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As losses mount, CrowdStrike says bug in quality-control process led to botched update
By James Pearson LONDON (Reuters) -A software bug in CrowdStrike’s quality-control system caused the software update that crashe..
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German cabinet agrees to expand tax relief to boost economy
By Christian Kraemer BERLIN (Reuters) -Germany’s cabinet agreed on Wednesday to increase tax relief for companies and households..
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Rheinmetall’s profit doubles as defence spending surges
By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quart..
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Meta unveils biggest Llama 3 AI model, touting language and math gains
By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligenc..
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Oil prices rise as US crude, fuel inventories seen shrinking
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling..
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Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Str..
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Britain’s gas network ready for hydrogen fuel, report says
LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, ..
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UK pay settlements hold at 4.9% in three months to June
By David Milliken LONDON (Reuters) – British employers offered average annual pay settlements of 4.9% in the three months to Jun..
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Visa reports rare quarterly revenue miss, shares drop
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the w..
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Porsche cuts forecasts due to alloy shortage, shares fall
By Victoria Waldersee (Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply sh..
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GM beats quarterly expectations and raises forecast, but shares dive
By Nora Eckert DETROIT (Reuters) -General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s e..
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Digesting Biden exit, markets focus on earnings, data
By Yoruk Bahceli and Tom Westbrook (Reuters) -World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from..
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Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results
ZURICH (Reuters) -Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, encouraged by ..
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Aussie, kiwi dollars struggle on China’s rate cuts; dollar adrift
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China&#..
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TotalEnergies Texas refinery returns to normal operation, sources say
HOUSTON (Reuters) – TotalEnergies’ 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery returned to normal operation o..
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Google scraps plan to remove cookies from Chrome
(Reuters) – Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to ..
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UK Conservative Party to announce new leader on Nov. 2
LONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s..
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UK Conservative Party to announce new leader on Nov. 2
LONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s..
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German software maker SAP’s quarterly cloud revenue leaps 25%
(Reuters) -Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for ..
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France’s Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement
(Corrects July 18 story to say Ubisoft beat its own forecast but missed consensus for net bookings in headline and paragraphs 1..
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Electrolux swings to operating profit in Q2
STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating prof..
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Lift maker Schindler’s orders slip in Q2, weighed by China
By Louis van Boxel-Woolf and Bartosz Dabrowski (Reuters) -Swiss lift and escalator maker Schindler reported a slight decline in secon..
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Consumer goods makers weighed down by weak US and European sales
By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report we..
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Big central banks are starting to cut rates, slowly
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The move to ease monetary policy among major central banks is proving m..
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EU new car sales rise 4.3% in June, industry body ACEA says
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) -New car sales in the European Union rose 4.3% in June to their highest since J..
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Standard Chartered boosts private bank team with 14 new hires
HONG KONG (Reuters) – Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong..
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BYD to introduce three more car models to Vietnam market
HANOI (Reuters) – Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans..
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Asian stocks slide on rising trade tensions, yen climbs
Asian stocks slide on rising trade tensions, yen climbs By Ankur Banerjee SINGAPORE (Reuters) – Asian equities fell on Thursday,..
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Samsung agrees to acquire British startup Oxford Semantic for AI
SEOUL (Reuters) – Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup spec..
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Britain’s new government must act fast to meet 2030 climate target, say advisers
By Susanna Twidale LONDON (Reuters) – The new Labour government will have to act fast to get Britain back on track to meet its 2..
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Oil prices gain 2% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude sto..
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Factbox-The King’s Speech: A guide to the new UK government’s proposed laws
By Andrew MacAskill LONDON (Reuters) -Britain’s new Labour government set out its first package of proposed laws on Wednesday as..
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Yen jumps on possible intervention, sterling hits one-year high
By Chuck Mikolajczak NEW YORK (Reuters) -The yen rose sharply on Wednesday in a move that was suspected to be the result of another in..
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