By Victoria Waldersee and Annegret Hilse BERLIN (Reuters) – Chinese EV giant BYD’s five models on sale in Germany will be showcased at a new BYD-only store in Berlin run …
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Cigna to sell Medicare business to Health Care Service for $3.3 billion – WSJ
by Reutersby Reuters(Reuters) – Cigna has agreed to sell its Medicare business to Health Care Service Corp for $3.3 billion in cash, the Wall Street Journal reported on Wednesday. Health Care Service …
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By William Schomberg LONDON (Reuters) – The Bank of England is expected to offer a first hint on Thursday that it is tentatively moving towards cutting interest rates, having raised …
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Judge voids Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package
by Reutersby ReutersBy Tom Hals WILMINGTON (Reuters) -A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker’s board “an …
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World Court to rule on whether Russia violated international treaties in Ukraine
by Reutersby ReutersBy Stephanie van den Berg THE HAGUE (Reuters) – The United Nations’ top court will rule on Wednesday on whether Russia violated an anti-terrorism treaty by funding pro-Russian separatists in …
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Nasdaq futures sink as Alphabet, Microsoft disappoint; Fed decision in focus
by Reutersby ReutersBy Ankika Biswas and Johann M Cherian (Reuters) -Nasdaq futures slid over 1% on Wednesday, as tech giants Alphabet and Microsoft’s projections for rising AI costs disappointed investors, dragging megacap …
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By Tom Wilson LONDON (Reuters) -World shares trod water on Wednesday as investors waited for clues on when the U.S. Federal Reserve may start to cut interest rates, while the …
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Factbox-Modi’s economic hits and misses before India’s last budget ahead of polls
by Reutersby ReutersNEW DELHI (Reuters) – India’s Prime Minister Narendra Modi has a mixed record of managing the economy – hiking state spending to build roads, ports and power plants, but not …
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Walmart and Adidas cargo aboard, one ship’s voyage to avoid the Red Sea
by Reutersby ReutersBy Richa Naidu LONDON (Reuters) – When the Maersk Tanjong set sail from Thailand on Dec. 2, headed towards the Suez Canal to reach the U.S. East Coast, it was …
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Nasdaq posts higher fourth-quarter profit on strength in fintech solutions
by Reutersby Reuters(Reuters) – Exchange operator Nasdaq reported fourth-quarter profit that rose 24.6% on Wednesday, on the back of strong performance in its solutions business. The company has been expanding beyond market-sensitive …
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Farmers in Europe step up protests against rising costs, green rules
by Reutersby ReutersBy Marco Trujillo and Philip Blenkinsop PARIS/BRUSSELS (Reuters) – French and Belgian farmers set up dozens of blockades on highways and on access roads to a major container port on …
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Moscow Exchange hoping for over 20 IPOs this year as retail investors rule
by Reutersby ReutersBy Elena Fabrichnaya MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, is hoping to see over 20 initial public offerings (IPOs) this year, it said on Wednesday, in a market …
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Republican US House panel advances impeachment charges against border chief
by Reutersby ReutersBy Ted Hesson WASHINGTON (Reuters) -A Republican-led U.S. House of Representatives panel early on Wednesday advanced impeachment charges against Democratic President Joe Biden’s top border official, a near-unprecedented move that …
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(Reuters) – High-flying semiconductor stocks slipped in trading before the bell on Wednesday after Advanced Micro Devices’ disappointing current-quarter revenue forecast added to investor worries over sluggish demand for non-AI …
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Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump
by Reutersby Reuters(Reuters) -Medical equipment maker Thermo Fisher Scientific forecast annual profit and revenue below Wall Street estimates on Wednesday, signaling that a slump in demand for its services used to make …
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Novo Nordisk expects double-digit growth as it boosts Wegovy supplies
by Reutersby ReutersBy Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN/LONDON (Reuters) -Novo Nordisk on Wednesday forecast another year of double-digit growth as the Danish drugmaker began boosting U.S. supplies of its popular weight-loss …
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KYIV (Reuters) – U.S. Under Secretary of State Victoria Nuland arrived in Ukraine on Wednesday for talks amid growing uncertainty over U.S. economic and military assistance to Kyiv as the …
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By Natalie Grover LONDON (Reuters) -Oil prices fell on Wednesday, pressured by lacklustre economic activity in leading crude importer China, but a first monthly gain since September remained in sight …
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Israel pounds Gaza, regional tensions high as Hamas studies ceasefire proposal
by Reutersby ReutersBy Mohammed Salem and Nidal al-Mughrabi GAZA/DOHA (Reuters) -Israeli forces pounded areas in northern and southern Gaza on Wednesday after Hamas said it had received and was studying a new …
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Fed Chair Powell faces tough communications task on rate cuts ahead
by Reutersby ReutersBy Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell has a tough task on Wednesday as he wraps up the U.S. central bank’s first policy meeting of 2024: signaling …
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By Yuvraj Malik (Reuters) – Apple iPhone sales likely rose 3% in the key holiday period, the best growth in five quarters, but analysts expect a tough year for the …
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A look at the day ahead in U.S. and global markets from Mike Dolan It’s a measure of the high bar of expectations now set for the expensive megacap U.S. …
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By Steve Gorman LOS ANGELES (Reuters) – California braced for a pair of approaching Pacific storms expected to drench much of the state in heavy rains that could trigger widespread …
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By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve policymakers are expected to cut interest rates later this year, but like any policy turn made outside of a crisis the …
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By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve will conclude a two-day policy meeting on Wednesday, with officials parsing evidence of slowing inflation alongside continued labor market strength and …