News

German bond yield curve most inverted in nearly 31 years

German bond yield curve most inverted in nearly 31 years

By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted level in nearly 31 years on Tuesday as investors bet th..

Aston Martin’s shares skid after it drops sales volume target

Aston Martin’s shares skid after it drops sales volume target

By Aby Jose Koilparambil (Reuters) – British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales ..

Renault CEO says free float of future electric unit will be more than 10%

Renault CEO says free float of future electric unit will be more than 10%

PARIS (Reuters) – A sizeable chunk of Renault’s planned electric vehicle spinoff could remain in free float on the stock ..

Accor plans to add more than 1,200 hotels

Accor plans to add more than 1,200 hotels

(Reuters) -Accor plans to open more than 1,200 hotels in the next five years, increasing the number of its resorts by more than one-f..

China’s state banks seen selling dollars offshore to slow yuan drop – sources

China’s state banks seen selling dollars offshore to slow yuan drop – sources

SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mar..

Indonesia’s Pertamina, Electrum sign battery packs development deal

Indonesia’s Pertamina, Electrum sign battery packs development deal

JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for ..

Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal

Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal

KUALA LUMPUR (Reuters) –     Petronas said on Tuesday it has signed a development agreement with TotalEnergies Carbon Neutralit..

Dollar holds firm ahead of U.S. durable goods, housing data

Dollar holds firm ahead of U.S. durable goods, housing data

By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simme..

Illumina starts job cuts, plans office exit to rein in costs

Illumina starts job cuts, plans office exit to rein in costs

(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the imp..

Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs

Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs

LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating ..

UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation

UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation

By James Davey and Sarah Young LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence ..

German business sentiment points to likelihood of longer recession

German business sentiment points to likelihood of longer recession

BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating tha..

AB Foods raises profit outlook as Primark gets summer boost

AB Foods raises profit outlook as Primark gets summer boost

By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion busi..

Analysis-After the buzz, investors are doing their own homework on AI

Analysis-After the buzz, investors are doing their own homework on AI

By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted market..

PwC Australia says staff involved in tax leak face ‘severe’ consequences

PwC Australia says staff involved in tax leak face ‘severe’ consequences

By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over th..

Desperately seeking staff: Paris Airshow lets jobless in for free

Desperately seeking staff: Paris Airshow lets jobless in for free

By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new..

Explainer-Top Indian startup Byju’s battles auditor criticism, board exits

Explainer-Top Indian startup Byju’s battles auditor criticism, board exits

By M. Sriram MUMBAI (Reuters) – Education technology giant Byju’s, one of India’s biggest startups valued at $22 bi..

Investors increase bets on UK recession as rate hikes bite

Investors increase bets on UK recession as rate hikes bite

By Naomi Rovnick and Harry Robertson LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England..

Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources

Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources

By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons ..

Lithium producers warn global supplies may not meet electric vehicle demand

Lithium producers warn global supplies may not meet electric vehicle demand

By Ernest Scheyder LAS VEGAS (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortag..

Microsoft says new computing service for chemicals can slash R&D time

Microsoft says new computing service for chemicals can slash R&D time

By Stephen Nellis Microsoft Corp on Wednesday introduced a new computing service aimed at helping chemical companies speed up the res..

Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt

Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt

By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most exp..

Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag

Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag

By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software compan..

Factbox-Aviation emissions targets in focus at Paris Airshow

Factbox-Aviation emissions targets in focus at Paris Airshow

By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air tra..

Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources

Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources

By Emma-Victoria Farr, Ludwig Burger and Patricia Weiss (Reuters) -Abu Dhabi National Oil Company (ADNOC) has approached German plast..

Nasdaq to transfer European power business to EEX bourse

Nasdaq to transfer European power business to EEX bourse

By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its European power trading and clearing business to the E..

ECB risks losing sight of ‘greedflation’ with laser-focus on wages

ECB risks losing sight of ‘greedflation’ with laser-focus on wages

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a dr..

Dollar drifts as traders weigh rate path; yen fragile

Dollar drifts as traders weigh rate path; yen fragile

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was tentative on Monday as investors tried to assess the monetary polic..

Europe’s brief window of market outperformance swings shut

Europe’s brief window of market outperformance swings shut

By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose out to U.S. mark..

Crypto investors step up risk management after last year’s meltdowns

Crypto investors step up risk management after last year’s meltdowns

By Elizabeth Howcroft LONDON (Reuters) – Cryptocurrency investors have grown more cautious about who they do business with, aft..

Analysis-Spasms in UK mortgage market spell pain for homeowners, economy

Analysis-Spasms in UK mortgage market spell pain for homeowners, economy

By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market..

Driving successful manufacturing with data-powered AI

Driving successful manufacturing with data-powered AI

  Kirsty Biddiscombe, UK Head for AI, ML & Analytics at NetApp I like to make a comparison of the importance of data to bein..

Dollar edges lower as Fed pause eyed in busy central bank week

Dollar edges lower as Fed pause eyed in busy central bank week

By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar slipped on Monday as traders stayed on guard ahead of policy decision..

Asia shares lifted by Fed pause bets; China real estate retreats

Asia shares lifted by Fed pause bets; China real estate retreats

By Kevin Buckland TOKYO (Reuters) – Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues..

Analysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice

Analysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice

By Hannah Lang WASHINGTON (Reuters) -Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchang..

Stocks surge in Asia as US averts default, Fed pause bets rise

Stocks surge in Asia as US averts default, Fed pause bets rise

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might..

Top AI CEOs, experts raise ‘risk of extinction’ from AI

Top AI CEOs, experts raise ‘risk of extinction’ from AI

By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including Ope..