By Liangping Gao and Kevin Yao BEIJING -China’s factory-gate inflation eased in July to a 17-month low, defying global cost pressures as slower domestic construction weighed on raw material demand, …
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Sri Lanka’s ousted president seeking entry to Thailand after weeks in Singapore
by Reutersby ReutersBy Panu Wongcha-um BANGKOK – Former Sri Lankan president Gotabaya Rajapaksa has requested entry into Thailand for a temporary stay in a second Southeast Asian country after fleeing his island …
- Financial News
Exclusive: Volkswagen’s new CEO plans to shrink management board – sources
by Reutersby ReutersBy Jan Schwartz HAMBURG – Volkswagen’s incoming CEO Oliver Blume plans to shrink the size of the German carmaker’s management board, two people familiar with the matter said, aiming to …
- Financial News
E.ON more than halves value of Nord Stream 1 stake as uncertainty grows
by Reutersby ReutersBy Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF -E.ON, Europe’s largest operator of energy networks, cut the value of its stake in the Nord Stream 1 gas pipeline by around 700 …
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Biden ‘concerned’ as China extends military drills around Taiwan
by Reutersby Reuters(This Aug 7 story corrects quote from Chinese foreign ministry in par 30 to ‘waters off its own territory’ not ‘in our own waters’) By Sarah Wu and Martin Quin …
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TUI’s disruption-hit quarter takes shine off strong summer bookings
by Reutersby ReutersBy Yadarisa Shabong (Reuters) -TUI, one of the world’s largest tour operators, took a 75 million euros ($77 million) hit in the third quarter from flight disruption across Europe, pushing …
- Financial News
Honda raises annual profit forecast after beating quarterly view
by Reutersby ReutersTOKYO – Japan’s Honda Motor Co raised the outlook for its full-year operating profit on Wednesday thanks to weaker yen, but warned against over-optimism as it saw the chips shortage …
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USW president lauds bill’s focus on building North American production
by Reutersby ReutersBy Erwin Seba LAS VEGAS -United Steelworkers union (USW) International President Thomas Conway said on Monday the U.S. climate, tax and health bill will create new opportunities for U.S. companies …
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PARIS/SYDNEY -Malaysia Airlines is poised to announce a deal next Monday to acquire 20 Airbus A330neo wide-body jets, industry sources said on Wednesday. Chief Executive Izham Ismail said in June …
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Toyota says no change to plan to produce 9.7 million vehicles globally this year
by Reutersby ReutersTOKYO – Toyota Motor Corp said on Wednesday it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related …
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By Anthony Deutsch AMSTERDAM – Supermarket group Ahold Delhaize increased its full-year guidance after posting better than expected quarterly results on Wednesday, sending its shares up 7%. The company, which …
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By Carolyn Cohn LONDON -Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares …
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OSLO – Norway’s core inflation jumped in July to its highest in more than two decades, exceeding forecasts as the cost of food soared, raising analyst expectations of faster increases …
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Wind turbine maker Vestas says price power improving, shares jump
by Reutersby ReutersBy Nikolaj Skydsgaard COPENHAGEN -Wind turbine maker Vestas expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, …
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Ocean warmth, seaweed scarcity threaten Fiji’s fisherwomen’s livelihoods
by Reutersby ReutersSUVA, Fiji – Karen Vusisa has been struggling to find a decent catch of a favourite Fijian edible seaweed, amid concerns that ocean temperatures have hit harvests and are threatening …
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Factbox-Four key races in Wisconsin, Minnesota midterm primaries
by Reutersby Reuters(Reuters) – Voters in states including Wisconsin and Minnesota picked candidates for the U.S. Congress and other offices in primaries on Tuesday, in another test of former President Donald Trump’s …
- Financial News
Cathay Pacific narrows loss but COVID rules on crew cloud outlook
by Reutersby ReutersBy Jamie Freed and Farah Master HONG KONG -Cathay Pacific Airways Ltd said Hong Kong’s strict COVID rules for air crew were crimping the airline’s ability to exploit rising demand …
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Prudential says first-half profit up 8%; warns of persistent COVID woes
by Reutersby ReutersBy Selena Li HONG KONG -Prudential Plc posted on Wednesday a rise of 8% in its first-half operating profit, but the Asia-focused insurer warned of challenging conditions for the rest …
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Democrats, Republicans sponsor bill to give thousands of Afghans path to citizenship
by Reutersby ReutersWASHINGTON – Bipartisan legislation has been introduced in both houses of U.S. Congress to establish a path to American citizenship for thousands of Afghan evacuees admitted to the United States …
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Alex Jones’ Sandy Hook punitive damages likely to be slashed, experts say
by Reutersby ReutersBy Jack Queen (Reuters) -U.S. conspiracy theorist Alex Jones could end up owing as little as 10% of the $45.2 million in punitive damages that a Texas jury awarded to …
- Financial News
Australia’s CBA posts 11% profit jump but warns of housing headwinds
by Reutersby ReutersBy Byron Kaye and Shashwat Awasthi SYDNEY -Commonwealth Bank of Australia rode the end of a pandemic-powered property boom to its best annual profit in four years, but warned that …
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Race for vacant U.S. House seat for Minnesota had not been decided
by Reutersby Reuters(Reuters) – The election to fill the U.S. House of Representatives seat for Minnesota left vacant by the death of Republican lawmaker Jim Hagedorn has yet to be called, according …
- Financial News
Taiwan security officials want Foxconn to drop stake in Chinese chipmaker – FT
by Reutersby Reuters(Reuters) -Taiwan’s national security officials want to persuade Apple Inc’s supplier Foxconn to unwind an $800 million investment in Chinese chipmaker Tsinghua Unigroup, the Financial Times reported on Wednesday. The …
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Trump uses FBI search of his Mar-a-Lago home to solicit campaign donations
by Reutersby ReutersBy Sarah N. Lynch and Karen Freifeld WASHINGTON -Former U.S. President Donald Trump on Tuesday tried to turn the news that the FBI had searched his Florida estate to his …
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Australia’s Graincorp hikes profit view again on soaring demand, favourable weather
by Reutersby ReutersBy Savyata Mishra (Reuters) -Australia’s Graincorp raised its annual profit forecast for the second time, as the agribusiness firm capitalises on strong demand for grains and vegetable oils amid a …