News

Analysis-European retailers are on investors’ naughty lists this Christmas

Analysis-European retailers are on investors’ naughty lists this Christmas

By Joice Alves LONDON (Reuters) – The Christmas shopping period is unlikely to bring relief to European retailers that sell anyt..

Lights maker Signify cuts annual outlook on lower consumer demand, China woes

Lights maker Signify cuts annual outlook on lower consumer demand, China woes

(Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lo..

Equinor posts record profit boosted by soaring gas

Equinor posts record profit boosted by soaring gas

By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor on Friday posted forecast-beating record profits for the third quart..

South Korea has not supplied lethal weapons to Ukraine, president says

South Korea has not supplied lethal weapons to Ukraine, president says

SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, afte..

Universal Music Q3 earnings beat expectations, streaming growth slows

Universal Music Q3 earnings beat expectations, streaming growth slows

AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter..

Food group Danone raises 2022 outlook as third-quarter sales beat expectations

Food group Danone raises 2022 outlook as third-quarter sales beat expectations

By Dominique Vidalon PARIS (Reuters) – French food group Danone on Thursday raised its 2022 revenue growth forecast after its th..

French unions unanimously sign wage agreement with EDF, company says

French unions unanimously sign wage agreement with EDF, company says

PARIS (Reuters) – France’s EDF has formally signed a wage agreement for its workers in the country with all unions present..

ECB raises interest rates again, cuts bank subsidies

ECB raises interest rates again, cuts bank subsidies

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates again on Thursday a..

StanChart surprises with 40% profit jump, ups income goal on rising rates

StanChart surprises with 40% profit jump, ups income goal on rising rates

By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -Standard Chartered’s third-quarter profit surged 40% as higher interest..

Puma confirms full-year outlook, flags market volatility

Puma confirms full-year outlook, flags market volatility

By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed..

HSBC’s direction in question after Elhedery’s sprint to CEO contender

HSBC’s direction in question after Elhedery’s sprint to CEO contender

By Lawrence White, Sinead Cruise and Anshuman Daga LONDON/SINGAPORE (Reuters) -Georges Elhedery’s appointment as HSBC’s ch..

Alphabet’s miss fans inflation fears across digital advertising

Alphabet’s miss fans inflation fears across digital advertising

By Sheila Dang and Eva Mathews (Reuters) -Google parent Alphabet Inc’s disappointing ad sales sparked worries across the digital..

UK’s Sunak plans to meet Biden in G20 summit

UK’s Sunak plans to meet Biden in G20 summit

(Reuters) – British Prime Minister Rishi Sunak spoke with U.S. President Joe Biden on Tuesday evening and they are set to meet i..

UK PM Sunak’s office says ‘the hard work begins now’

UK PM Sunak’s office says ‘the hard work begins now’

LONDON (Reuters) – British Prime Minister Rishi Sunak is now ready to face the hard work of government after appointing his seni..

Apple says issues with iMessage, FaceTime resolved

Apple says issues with iMessage, FaceTime resolved

(Reuters) – Apple Inc said on Tuesday issues that had caused a brief outage in its iMessage service and video calling app FaceTi..

Xerox shares slide as annual revenue, cash flow forecasts take a hit

Xerox shares slide as annual revenue, cash flow forecasts take a hit

(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its..

Hyundai breaks ground on $5.5 billion U.S. EV, battery plant

Hyundai breaks ground on $5.5 billion U.S. EV, battery plant

By David Shepardson ELLABELL, Ga. (Reuters) – Hyundai Motor Co broke ground on a $5.54 billion electric vehicle (EV) and battery..

Factbox-Dominic Raab returns to government as deputy PM under Sunak

Factbox-Dominic Raab returns to government as deputy PM under Sunak

LONDON (Reuters) – British lawmaker Dominic Raab was appointed deputy prime minister and minister of justice on Tuesday, returni..

James Cleverly to remain UK foreign minister – statement

James Cleverly to remain UK foreign minister – statement

LONDON (Reuters) – James Cleverly has been re-appointed as Britain’s foreign minister, Prime Minister Rishi Sunak’s ..

New PM Rishi Sunak pledges to lead Britain out of economic crisis

New PM Rishi Sunak pledges to lead Britain out of economic crisis

By Kate Holton, Elizabeth Piper and Alistair Smout LONDON (Reuters) -Rishi Sunak became Britain’s third prime minister in two mo..

Factbox-UK PM Rishi Sunak’s new team of ministers

Factbox-UK PM Rishi Sunak’s new team of ministers

LONDON (Reuters) – British Prime Minister Rishi Sunak on Tuesday appointed key ministers to his government after replacing Liz T..

Factbox-What is Rishi Sunak’s solution to Britain’s problems?

Factbox-What is Rishi Sunak’s solution to Britain’s problems?

LONDON (Reuters) – Since entering the contest to be British prime minister, frontrunner Rishi Sunak has said little publicly abo..

Liz Truss resigns after six weeks as UK prime minister

Liz Truss resigns after six weeks as UK prime minister

(Refiles as UPDATE 7, not 6, text unchanged) By Elizabeth Piper, Andrew MacAskill and Muvija M LONDON (Reuters) – Liz Truss said..

Marketmind: Reality check

Marketmind: Reality check

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever If investors needed a reminder that t..

Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook

Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook

By Sheila Dang and Katie Paul (Reuters) – When Snap Inc kicks off the third-quarter earnings season for tech and social media co..

BMW invests $1.7 billion to build electric vehicles in U.S

BMW invests $1.7 billion to build electric vehicles in U.S

By David Shepardson SPARTANBURG, South Carolina (Reuters) -BMW AG said on Wednesday it will invest $1.7 billion to build electric vehi..

Nestle sales soar as price rises drive growth

Nestle sales soar as price rises drive growth

By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -Nestle posted its strongest nine-month sales growth in 14 years on Wednesday a..

Tesla investors to focus on demand issues in earnings report

Tesla investors to focus on demand issues in earnings report

(Reuters) -Tesla Inc’s quarterly report on Wednesday will likely show whether the Elon Musk-led electric-vehicle maker is facing..

Italy’s Brembo sets up venture capital arm to invest in tech startups

Italy’s Brembo sets up venture capital arm to invest in tech startups

MILAN (Reuters) – Premium brakes maker Brembo said on Wednesday it had set up an internal venture capital unit, called Brembo Ve..

Irish central bank eases strict mortgage-lending limits

Irish central bank eases strict mortgage-lending limits

By Conor Humphries DUBLIN (Reuters) -Ireland’s central bank is to ease mortgage-lending limits to allow first-time property buye..

Australia to investigate reports pilots trained Chinese military – minister

Australia to investigate reports pilots trained Chinese military – minister

By Kirsty Needham, Jamie Freed and Lucy Craymer SYDNEY/WELLINGTON (Reuters) -Australia’s defence minister said its military was ..

China lodges representations over alleged harassment at Manchester consulate

China lodges representations over alleged harassment at Manchester consulate

BEIJING (Reuters) – China’s foreign ministry, responding to a question about clashes between Hong Kong protesters and the ..

Just Eat delivers Q3 profit as cost cuts outweigh lower order volumes

Just Eat delivers Q3 profit as cost cuts outweigh lower order volumes

By Diana Mandia and Dagmarah Mackos (Reuters) -Just Eat Takeaway.com, Europe’s largest meal delivery company, said on Wednesday ..

ECB to go big again on Oct. 27 with 75 bps rate hike: Reuters poll

ECB to go big again on Oct. 27 with 75 bps rate hike: Reuters poll

By Jonathan Cable LONDON (Reuters) – The European Central Bank will go for another jumbo 75 basis point increase to its deposit ..

OutThink raises $10 million to tackle human errors behind data breaches

OutThink raises $10 million to tackle human errors behind data breaches

By Juliette Portala (Reuters) – London-based cybersecurity company OutThink has raised $10 million in early-stage investments ba..

News

UK regulator’s head of enforcement to step down in 2023

UK regulator’s head of enforcement to step down in 2023

By Kirstin Ridley and Carolyn Cohn LONDON (Reuters) -Mark Steward, head of enforcement at Britain’s Financial Conduct Authority (FCA), is steppi..

Oracle Cloud adding tens of thousands of Nvidia chips for AI 

Oracle Cloud adding tens of thousands of Nvidia chips for AI 

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Oracle Corp and Nvidia Corp on Tuesday announced they are expanding their partner..