By Clara Denina and Muhammed Husain LONDON – Shareholders in Glencore reaped a multi-billion dollar windfall on Thursday, as the company’s adherence to thermal coal mining at a time of …
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Rolls-Royce profit slumps as it battles inflation, supply-chain disruption
by Reutersby ReutersBy Paul Sandle LONDON -Aero-engineer Rolls-Royce disappointed investors by reporting a bigger-than-expected fall in first-half profit on Thursday, underscoring the challenge facing its new chief executive of restoring the health …
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By Eva Mathews (Reuters) -Paramount Global beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer “Top Gun: Maverick” even …
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By Mrinalika Roy and Bhanvi Satija (Reuters) -Cigna Corp on Thursday raised its annual earnings forecast after topping quarterly profit estimates as a slow recovery in non-urgent procedures lowers medical …
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One and done? Some Democrats say Biden should not seek second term
by Reutersby ReutersBy Richard Cowan WASHINGTON – A few Democrats in the U.S. Congress have begun to voice what many have mulled privately: whether President Joe Biden, the oldest person to ever …
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Alibaba revenue growth flatlines for first time as China’s lockdowns bite
by Reutersby Reuters(Reuters) – Alibaba Group Holding Ltd, on Thursday reported flat quarterly revenue growth for the first time in its history, showing how China’s COVID lockdowns have hit its business. The …
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NASA game planned contingencies for space station as Russian alliance continued-sources
by Reutersby ReutersBy Joey Roulette WASHINGTON -NASA and the White House have since late last year quietly drawn up contingency plans for the International Space Station in light of tensions with Moscow …
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By Gabriel Araujo SAO PAULO -Brazilian planemaker Embraer SA on Thursday stuck with its financial and delivery outlooks for 2022, driving its shares higher as it reported a second-quarter adjusted …
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Pelosi vows support to denuclearise N.Korea, plans to visit Korea border
by Reutersby ReutersBy Hyonhee Shin SEOUL -U.S. House of Representatives Speaker Nancy Pelosi and her South Korean counterpart vowed on Thursday to support deterrence against North Korea and achieve its denuclearisation. “Both …
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(Reuters) -Nikola Corp exceeded market estimates for quarterly revenue on Thursday as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading …
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Russia ups stakes in Sakhalin energy standoff in sanctions retaliation
by Reutersby ReutersMOSCOW -Russia increased pressure on investors in its two Pacific energy projects which once helped Moscow rebuild its economy, blaming ExxonMobil for falling oil output at Sakhalin-1 and giving shareholders …
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Exporters cut year-end targets in blow to Turkish government plans
by Reutersby ReutersBy Ceyda Caglayan ISTANBUL – Turkish exporters are revising down year-end targets in a move that could derail the government’s economic plans as new orders drop amid signs of a …
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Canada trade surplus widens on record energy exports, but seen narrowing
by Reutersby ReutersBy Ismail Shakil and David Ljunggren OTTAWA -Canada’s trade surplus with the world widened to C$5.05 billion ($3.94 billion) in June as exports of energy products reached a record high …
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(Reuters) – Kellogg Co raised its forecast for full-year earnings on Thursday after topping estimates for quarterly sales, as higher prices for its breakfast cereals and snacks helped it overcome …
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Eli Lilly cuts annual profit view as lower insulin prices hit Q2 sales
by Reutersby Reuters(Reuters) -Eli Lilly and Co on Thursday cut its full-year profit forecast for the second time as lower insulin prices and competition for the company’s cancer drug bruised its second-quarter …
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Russian court to deliver Griner verdict on Thursday – lawyer
by Reutersby Reuters(Reuters) – A verdict in the Russian drugs trial of U.S. basketball star Brittney Griner, who faces up to 10 years in prison, is expected on Thursday evening, her lawyer …
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Exclusive: Italy, Intel close to $5 billion deal for chip factory – sources
by Reutersby ReutersBy Giuseppe Fonte and Giulio Piovaccari ROME – Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant …
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Britain lifts rates by most since 1995, latest to deliver aggressive hikes
by Reutersby Reuters(Reuters) – The Bank of England raised interest rates on Thursday by half-a-point in its biggest move in 27 years to tame inflation. Central banks in the United States, Canada, …
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Taliban says was not aware al Qaeda leader in Kabul, warns U.S.
by Reutersby Reuters(Corrects byline) By Gibran Naiyyar Peshimam and Mohammad Yunus Yawar ISLAMABAD/KABUL – The Taliban on Thursday said the government had no information about al Qaeda leader Ayman al-Zawahiri “entering and …
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Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
by Reutersby Reuters(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry continues …
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LONDON – The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed …
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(Reuters) -Intercontinental Exchange reported a 12.4% rise in second-quarter profit on Thursday, as spiraling global markets sent trading volumes surging at the owner of the New York Stock Exchange. Heightened …
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By Muyu Xu and Florence Tan SINGAPORE – Saudi Arabia, the world’s top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining …
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Exclusive-Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics
by Reutersby ReutersBy Phuong Nguyen THAI NGUYEN, Vietnam – Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with …
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Exclusive-Saudi, UAE save oil firepower in case of winter supply crisis
by Reutersby ReutersBy Dmitry Zhdannikov and Maha El Dahan LONDON/DUBAI – OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the …