By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) – Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen priced shares at the top end of the range, braving turbulent market conditions. The bumper flotation, expected […]
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China’s Sept factory activity set for third straight monthly contraction – Reuters poll
BEIJING (Reuters) – China’s factory activity is expected to have shrunk for a third month in a row in September, a Reuters poll showed on Thursday, as strict COVID measures in big cities and weakening exports growth hit orders and business confidence. The official manufacturing Purchasing Manager’s Index (PMI) was […]
Breakfast in, shopping out: tourists to the U.S. hit by soaring dollar
By Noel Randewich, John McCrank and Alun John SAN FRANCISCO/NEW YORK/LONDON (Reuters) – In the weeks before heading to San Francisco for their vacation this month, Jeff Skipper and his wife Valerie, from the United Kingdom, watched helplessly as the U.S. dollar continued its meteoric rise against the British pound. […]
Toyota global vehicle production up 44.3% in Aug, record for that month
TOKYO (Reuters) – Toyota Motor Corp said on Thursday vehicle production soared 44.3% year-on-year in August, a record jump for that month, as markets rebounded from the COVID-19 pandemic and production capacity increased mainly overseas. It was the first increase in output since March. The world’s largest automaker by sales […]
Baseball-‘Judge-ment’ day as Yankees slugger hits 61st home run
By Steve Keating TORONTO (Reuters) – New York Yankees slugger Aaron Judge smashed his 61st home run of the year on Wednesday to tie the American League single-season record set in 1961 by Roger Maris. The record-tying moment came in the top of the seventh inning when Judge took a […]
Harris to discuss N.Korea missile test, U.S. EV subsidies with Yoon -official
SEOUL (Reuters) – U.S. Vice President Kamala Harris will condemn North Korea’s missile launch and discuss Seoul’s concerns over changes in U.S. electric vehicle subsidies during planned talks with South Korean President Yoon Suk-yeol, a White House official said on Thursday. (Reporting by Trevor Hunnicutt; Writing by Hyonhee Shin; Editing […]
Cricket-Injured Buttler ‘progressing well’ ahead of T20 World Cup
(Reuters) – England’s limited-overs captain Jos Buttler said he is making good progress in his recovery from a calf injury but will not rush his return ahead of the Twenty20 World Cup, which begins in just over two weeks. The 32-year-old, who has not played since Aug. 18 after sustaining […]
India’s massive card security deadline unlikely to be extended
By Nupur Anand MUMBAI (Reuters) -India’s central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers’ credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller […]
Tesla adds billionaire Airbnb co-founder Gebbia to board
(Reuters) -Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker’s board, reversing a move to trim the number of directors at the world’s most valuable carmaker. Tesla said in June it planned to have just seven board seats after the departure of […]
Rep. Nehls Talks Bill to Raise Pensions for Medal of Honor Recipients
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