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EU watchdog calls for urgent reform of money market funds
By Huw Jones LONDON (Reuters) - Reforms to tackle vulnerabilities in money market funds are urgently needed for the sector to cope better with economic shocks, a top European Union securities regulato...
Syndicated Content Mar 21, 2023
China’s Tencent Music beats quarterly revenue estimates
(Reuters) - Tencent Music Entertainment Group beat quarterly revenue estimates on Tuesday, helped by continued growth in paying users and a recovery in advertising. The platform, China's answer to Spo...
Syndicated Content Mar 21, 2023
EU court rules Mercedes must pay damages in diesel lawsuit
BERLIN (Reuters) - Carmaker Mercedes-Benz must pay compensation for unauthorized shutoff devices in diesel cars if the buyer has been damaged, the European Court of Justice ruled on Tuesday. (Reportin...
Syndicated Content Mar 21, 2023
U.S. awards $94 million for innovative mobility projects
By David Shepardson WASHINGTON (Reuters) - The U.S. Transportation Department will announce on Tuesday it is awarding $94.8 million to 59 projects on advanced technology projects to boost road safety,...
Syndicated Content Mar 21, 2023
Goldman Sachs expects commodities supercycle
LAUSANNE, Switzerland (Reuters) - Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets in this month's banking crisis, the U.S. bank's head of comm...
Syndicated Content Mar 21, 2023
Exclusive-BYD reduces shifts at two EV assembly plants in China – sources
SHANGHAI (Reuters) - BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world's largest auto market is...
Syndicated Content Mar 21, 2023
Vietnam’s Be Group in deal to become country’s first ride-hailing firm to use EVs
HANOI (Reuters) - Vietnam's Be Group said on Tuesday it has signed an agreement with an electric vehicle leasing service that will make it the first ride-hailing firm in the country to use EVs. Be, a ...
Syndicated Content Mar 21, 2023
German exporters’ dip in China trade dampens post-lockdown hopes
BERLIN (Reuters) - German exports to China declined significantly in February, dampening hopes of a trade revival following the end of strict coronavirus measures at the end of last year, the federal ...
Syndicated Content Mar 21, 2023
Maserati aims at driving margins higher before any spin-off talk
By Giulio Piovaccari MILAN (Reuters) - Maserati aims to increase its margin on operating profit to 15% in the next 12 months and sees a longer term target of 20% by the end of this decade, according t...
Syndicated Content Mar 21, 2023
Screening of “Winnie the Pooh” horror film cancelled in Hong Kong
By Jessie Pang and Farah Master HONG KONG (Reuters) - The screening of "Winnie the Pooh: Blood and Honey", a British slasher film due to be released in Hong Kong this week, has been cancelled for tech...
Syndicated Content Mar 21, 2023
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