(Reuters) – U.S. stock index futures slipped on Thursday, with those of the Nasdaq taking the biggest hit, after Tesla failed to meet estimates for quarterly revenue and warned of missing its vehicle delivery target. Shares of the electric-vehicle maker dropped 6.1% in premarket trading as the company flagged persistent […]
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Colgate-Palmolive’s India arm beats earnings estimates on price increases
BENGALURU (Reuters) – Colgate-Palmolive (India) reported quarterly profit above market estimates on Thursday, benefiting from price increases it had implemented to counter the blow from a surge in raw material costs. Consumer packaged goods makers across the globe have jacked up prices of everything from toothpaste to coffee as the […]
Credit Suisse scrambles to finalise revamp as deadline looms
By Oliver Hirt, John O’Donnell and Noele Illien ZURICH/FRANKFURT (Reuters) – Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs from investors, a person with direct knowledge of the matter said, with just days to go before the bank […]
European shares slip as downbeat earnings from Nokia, BE Semiconductor weigh
(Reuters) – European shares slipped on Thursday, as investors fretted over persistent inflation and aggressive central bank actions, while downbeat earnings from chip equipment firm BE Semiconductor and telecom company Nokia fuelled fears of an economic slowdown. Nokia fell 4.1% after the Finnish telecom equipment maker’s quarterly operating profit missed […]
Saudi Aramco to push ahead with IPO of oil-trading unit – Bloomberg News
(Reuters) – Saudi Aramco is pushing ahead with plans for an initial public offering of its energy-trading business and is targeting a listing in Riyadh for the end of the year or early 2023, Bloomberg News reported on Wednesday. The world’s top oil producer is in the process of adding […]
Markets braced for intervention as yen nudges key 150 level
By Leika Kihara and Kantaro Komiya TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki on Thursday vowed to take “appropriate steps” against excessive currency market volatility, renewing his threat of intervention as the yen slides to a 32-year low and towards the key barrier of 150. The Bank of Japan, for […]
America’s new nuclear power industry has a Russian problem
By Sarah McFarlane, Timothy Gardner and Susanna Twidale WASHINGTON/LONDON (Reuters) – U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Russian. That’s why the U.S. government is urgently looking […]
BOJ conducts emergency bond buying to underpin debt market, but yields keep rising
TOKYO (Reuters) -The Bank of Japan on Thursday conducted emergency bond-buying operations, extending efforts to put a floor under bond prices, as the yen nears a 32-year-low against the dollar. The BOJ offered to buy some 250 billion yen ($1.67 billion)of government bonds with maturities from 5- to longer than […]
Soccer-Nunez earns points for Liverpool, Man Utd outclass Tottenham
LIVERPOOL, England (Reuters) – Liverpool maintained their new-found momentum as Darwin Nunez scored the only goal in a 1-0 victory over West Ham United in the Premier League, but high-flying Tottenham Hotspur suffered a reality check with a 2-0 loss at Manchester United on Wednesday. Chelsea’s run of four successive […]
Exclusive-Korean auto giant Hyundai investigating child labor in its U.S. supply chain
By Joseph White and Joshua Schneyer DETROIT (Reuters) -Hyundai Motor Co, Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers, the company’s global chief operating officer Jose Munoz told […]