Robinhood, Coinbase find sanctuary in interest income amid market rout
By Niket Nishant and Manya Saini (Reuters) – For U.S. online trading companies an often-overlooked financial metric could act as..
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European shares kick off November on bright note
By Shreyashi Sanyal and Ankika Biswas (Reuters) -European shares gained on Tuesday, starting November on an upbeat note amid growing h..
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Elon Musk, who runs four other companies, will now be Twitter CEO
(Reuters) -Tesla Inc boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bough..
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Thomson Reuters keeps outlook, but wary of slowing economy
By Nick Zieminski and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp kept its financial guidance for this year and next after a f..
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Scientists in Germany turn up heat on seagrass in climate change fight
BERLIN (Reuters) – Scientists in Germany are working on ways to restore seagrass fields in the Baltic Sea, vast natural sinks th..
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Chinese fashion retailer Shein to open permanent ‘event space’ in Tokyo
TOKYO (Reuters) – Chinese fashion retailer Shein is to open its first permanent premises in Tokyo this month, the company said o..
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Frankfurt steps up efforts to shift euro clearing from London
By Huw Jones LONDON (Reuters) – Deutsche Boerse’s derivatives division stepped up efforts on Tuesday to attract a bigger s..
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Prosus and Naspers deny report they are in talks to sell Tencent stake
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue..
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Exclusive-Tesla plans mass production start for Cybertruck at end of 2023-sources
(Reuters) – Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the..
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UK’s National Grid launches 50 million pound energy support fund
By Nina Chestney LONDON (Reuters) – Britain’s National Grid said on Tuesday it has launched a 50 million pound ($58 millio..
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BP sees $2.5 billion UK tax bill this year including windfall levy
LONDON (Reuters) – BP expects to pay around $2.5 billion in taxes for its British North Sea business this year, including $800 m..
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Dutch chemicals group DSM cuts profit target as costs soar
By Tristan Chabba (Reuters) -Dutch specialty chemicals maker DSM on Tuesday lowered its 2022 outlook after it saw energy and raw mater..
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Musk’s lenders prepare to hold $12.7 billion Twitter debt on books until early 2023 – FT
(Reuters) – Banks that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will hold the debt until early next ..
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Toyota cuts output target amid chip crunch as profit tumbles 25%
TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output targ..
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Oil prices rise as weaker dollar offsets China COVID-19 concerns
By Isabel Kua SINGAPORE (Reuters) – Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar..
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UK government under pressure over conditions at migrant centre
By Kylie MacLellan LONDON (Reuters) – The British government came under increasing pressure on Monday to tackle deteriorating co..
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Instagram fixes bug that triggered hours-long outage
(Reuters) -Instagram said on Monday it had fixed a software bug that prevented thousands of users from accessing the photo-sharing pla..
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Stocks fall, bond yields rise as focus shifts to Fed, rate outlook
By Caroline Valetkevitch NEW YORK (Reuters) – A global stock index fell and U.S. Treasury yields edged up on Monday as investors..
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Baillie Gifford funds bought more shares of China’s Pinduoduo, NIO in Q3
By Summer Zhen HONG KONG (Reuters) – Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent yea..
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U.S. climate envoy Kerry: King Charles at COP27 would be ‘very powerful’
LONDON (Reuters) – It would be “very powerful” if King Charles attended the COP27 climate summit in Egypt, U.S. spec..
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French asset manager Amundi posts Q3 outflows of $13 billion
By Carolyn Cohn LONDON (Reuters) -Amundi posted net outflows of 12.9 billion euros ($12.86 billion) in the third quarter, the French a..
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Swedish Match continues to see strong smoke-free sales growth
(Reuters) -Nicotine and tobacco products group Swedish Match on Friday reported third-quarter operating profit in line with forecasts ..
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Porsche posts 40% jump in nine-month operating profit
BERLIN (Reuters) -Porsche reported a 40.6% leap in operating profit to more than 5 billion euros ($4.99 billion) on revenue up 15.7% i..
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Analysis-European retailers are on investors’ naughty lists this Christmas
By Joice Alves LONDON (Reuters) – The Christmas shopping period is unlikely to bring relief to European retailers that sell anyt..
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Lights maker Signify cuts annual outlook on lower consumer demand, China woes
(Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lo..
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Equinor posts record profit boosted by soaring gas
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor on Friday posted forecast-beating record profits for the third quart..
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South Korea has not supplied lethal weapons to Ukraine, president says
SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, afte..
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Universal Music Q3 earnings beat expectations, streaming growth slows
AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter..
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French unions unanimously sign wage agreement with EDF, company says
PARIS (Reuters) – France’s EDF has formally signed a wage agreement for its workers in the country with all unions present..
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ECB raises interest rates again, cuts bank subsidies
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates again on Thursday a..
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Unilever downbeat on Europe, China consumer sentiment
By Richa Naidu LONDON (Reuters) -Unilever Plc on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its..
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Capgemini ‘comfortable’ with top end 2022 targets but sees demand slowing
By Dagmarah Mackos (Reuters) -French IT consulting group Capgemini sees demand slowing in 2023 but expects results at the top end of g..
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Oil rises on strong crude demand, despite China fears
By Alex Lawler LONDON (Reuters) -Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record..
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Britain’s car output drops 6% as supply woes persist
(Reuters) – British car production dropped 6% in September, an industry body said on Thursday, as the sector continues to bear t..
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Hotel group Accor continues post-COVID recovery after a ‘gorgeous’ summer
By Diana Mandia and Dina Kartit (Reuters) – Europe’s biggest hotel group Accor reported higher than expected third-quarter..
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Macron, Scholz plaster over differences with smiles and a handshake
By Michel Rose PARIS (Reuters) – French President Emmanuel Macron and German Chancellor Olaf Scholz met in Paris with smiles and..
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Italy’s windfall tax on energy companies needs to be rewritten – PM
ROME (Reuters) – Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices..
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