By Bansari Mayur Kamdar and Anisha Sircar (Reuters) -European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were jittery on simmering U.S.-China tensions …
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By David Shepardson WASHINGTON -The Federal Aviation Administration (FAA) on Tuesday issued an airworthiness directive for all Boeing 777 airplanes over safety concerns. The directive was prompted by high electrical …
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Financial News
Caterpillar gets wrapped in slowing China demand and supply-chain woes
by Reutersby ReutersBy Abhijith Ganapavaram (Reuters) -Caterpillar Inc on Tuesday warned of a bigger drop in demand for its excavators in property crisis-hit China, piling on more pain on the industrial bellwether …
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Pelosi: America’s solidarity with Taiwanese people more important than ever
by Reutersby ReutersWASHINGTON -House of Representatives Speaker Nancy Pelosi arrived in Taiwan on Tuesday with a clear message for China, saying the U.S. commitment to a democratic Taiwan is more important than …
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TAIPEI -U.S. House of Representatives Speaker Nancy Pelosi arrived in Taiwan late on Tuesday, sparking an immediate backlash from Beijing, which had warned her against a visit, saying it would …
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By Rithika Krishna (Reuters) -DuPont de Nemours is expecting to take a bigger hit from costs related to logistics, raw materials and energy for the year, although price increases helped …
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Financial News
Canada’s TD Bank eyes further U.S. expansion with $1.3 billion Cowen purchase
by Reutersby ReutersBy Nichola Saminather and Manya Saini (Reuters) -Canada’s Toronto Dominion Bank said it will buy New York-based boutique investment bank Cowen Inc for $1.3 billion in cash, seeking to boost …
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Financial News
Trelleborg to buy KKR’s Minnesota Rubber and Plastics in $1 billion deal
by Reutersby ReutersBy Chibuike Oguh NEW YORK – Swedish engineering firm Trelleborg AB has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc for about $1 …
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By Bansari Mayur Kamdar and Medha Singh (Reuters) -Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a …
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Top HeadlinesUS and World News
U.S. panel subpoenas Smith & Wesson over assault rifle data
by Reutersby ReutersWASHINGTON -The U.S. House Oversight Committee has subpoenaed Smith & Wesson Brands Inc for information on its AR-15 style firearms sales and marketing after the gunmaker’s chief executive refused to …
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From subway stations to shopping malls, Taiwan prepares its air-raid shelters
by Reutersby ReutersBy Yimou Lee, Fabian Hamacher and Ann Wang TAIPEI – Taiwan is preparing its air-raid shelters as rising tension with China and Russia’s invasion of Ukraine raise new fears about …
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Financial News
After a record first half, Lamborghini prepares for a cold winter
by Reutersby ReutersBy Joseph White DETROIT – Wealthy sports car enthusiasts powered Italian supercar brand Lamborghini to record first-half deliveries and profitability, but Chief Executive Stephan Winkelmann said he is preparing for …
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Financial News
Maersk sees global supply chain woes for longer; lifts 2022 guidance
by Reutersby ReutersBy Jacob Gronholt-Pedersen COPENHAGEN -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight …
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By Kannaki Deka and Allison Lampert (Reuters) – Air Canada on Tuesday missed on earnings as costs rise after posting a smaller quarterly loss and forecasting higher full-year expenses, sending …
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PARIS -Europe’s Airbus provisionally delivered just over 45 jetliners in July, two industry sources said on Tuesday. The planemaker declined to comment on the unaudited figure ahead of publication of …
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Financial News
Uber likely seller of 7.8% stake in India’s Zomato – source, term sheet
by Reutersby ReutersBy Aditi Shah and Aditya Kalra NEW DELHI -Uber Technologies is the likely seller of a 7.8% stake in Indian food delivery firm Zomato being disposed of via a $373 …
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Russia backs China over ‘provocative’ Pelosi visit to Taiwan
by Reutersby ReutersBy Guy Faulconbridge LONDON -Russia backed China on Tuesday over an expected visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, warning Washington that such a provocative trip …
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Financial News
Russian retailer X5 expands in Siberia as investment drive continues
by Reutersby ReutersMOSCOW -Russian retailer X5 Group is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open hundreds of new stores of its discount chain …
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By Shanima A (Reuters) -Britain’s Domino’s Pizza reported a 16% fall in first-half pretax profit on Tuesday, following rising costs and food inflation, and said it was increasing its media …
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Top HeadlinesUS and World News
U.S. Navy deploys four warships east of Taiwan as Pelosi heads to Taipei
by Reutersby ReutersBy Greg Torode and Yimou Lee HONG KONG/TAIPEI – Four U.S. warships, including an aircraft carrier, were positioned in waters east of Taiwan on what the U.S. Navy called routine …
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Financial News
China bans 35 Taiwanese food exporters in warning ahead of Pelosi visit
by Reutersby ReutersHONG KONG – China has suspended imports from 35 Taiwanese exporters of biscuits and pastries since Monday, in a warning salvo to the self-governed island ahead of a potential visit …
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HONG KONG – Hong Kong’s retail sales in June fell at a slower pace than the previous month, official data released on Tuesday showed, and the government plans more measures, …
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Financial News
UK consumers find a bit of confidence, still see high inflation, BofA says
by Reutersby ReutersLONDON – Bank of America said on Tuesday its British consumer confidence indicator rose two points in July to its highest since March although it remained consistent with a recession. …
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Financial News
Schiphol Airport says passenger caps to continue through October
by Reutersby ReutersAMSTERDAM -Amsterdam’s Schiphol Airport said on Tuesday that passenger caps introduced for the summer season to cope with long waiting times and other logistical problems will be extended into September …
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Accused Russian says U.S. charges of election interference are nonsense
by Reutersby ReutersMOSCOW – A Russian man charged by the United States with orchestrating a multi-year effort to use political groups to sow discord, spread propaganda and interfere in U.S. elections said …