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  • Financial News

    Glencore shareholders get $4.5 billion windfall as coal prices soar

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Financial News

    Rolls-Royce profit slumps as it battles inflation, supply-chain disruption

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Paramount gets lift from ‘Top Gun’ but streaming losses a drag

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Financial News

    Cigna boosts forecast as lower costs drive profit beat

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Featured NewsTop HeadlinesUS and World News

    One and done? Some Democrats say Biden should not seek second term

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Alibaba revenue growth flatlines for first time as China’s lockdowns bite

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Top HeadlinesUS and World News

    NASA game planned contingencies for space station as Russian alliance continued-sources

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Shares in Brazil’s Embraer rise as it reaffirms 2022 forecasts

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Top HeadlinesUS and World News

    Pelosi vows support to denuclearise N.Korea, plans to visit Korea border

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    EV maker Nikola beats revenue estimates on higher deliveries

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Russia ups stakes in Sakhalin energy standoff in sanctions retaliation

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    MOSCOW -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 …

  • Financial News

    Exporters cut year-end targets in blow to Turkish government plans

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Canada trade surplus widens on record energy exports, but seen narrowing

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Kellogg’s pricier cereals help bolster sales, profit forecasts

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Eli Lilly cuts annual profit view as lower insulin prices hit Q2 sales

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Top HeadlinesUS and World News

    Russian court to deliver Griner verdict on Thursday – lawyer

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Exclusive: Italy, Intel close to $5 billion deal for chip factory – sources

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Britain lifts rates by most since 1995, latest to deliver aggressive hikes

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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, …

  • Top HeadlinesUS and World News

    Taliban says was not aware al Qaeda leader in Kabul, warns U.S.

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Auto supplier Aptiv lowers outlook as China lockdowns, costs bite

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Instant View: Bank of England raises rates by most since 1995

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Financial News

    NYSE-owner ICE quarterly profit rises 12%

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    (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 …

  • Financial News

    Saudi Arabia sets Sept crude prices to Asia at record high

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    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 …

  • Financial News

    Exclusive-Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

  • Financial News

    Exclusive-Saudi, UAE save oil firepower in case of winter supply crisis

    by Reuters August 4, 2022
    by Reuters August 4, 2022

    By 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 …

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