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Earnings cheer lifts European stocks to new highs
By Sruthi Shankar (Reuters) - European stocks hit record highs on Thursday as strong earnings from commodity majors, Airbus and a clutch of other companies set an upbeat tone, with fading concerns abo...
Syndicated Content Jul 29, 2021
Inditex founder family office Pontegadea posts 2020 profit fall
MADRID (Reuters) - The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, posted net profit of 666 million euros in 2020, down 62.5% from 1.778...
Syndicated Content Jul 29, 2021
China to raise export tariffs for some steel products from Aug. 1
BEIJING (Reuters) - China will raise export tariffs for pig iron and ferrochrome products from Aug. 1 to promote high-quality development of the steel sector, the Ministry of Finance said on Thursday....
Syndicated Content Jul 29, 2021
China’s top EV battery maker CATL touts new sodium-ion batteries
BEIJING (Reuters) - China's top electric vehicle (EV) battery maker CATL has launched its newly developed sodium-ion battery, its chairman Zeng Yuqun said on Thursday. Huang Qisen, deputy head of CATL...
Syndicated Content Jul 29, 2021
South Korean game developer Krafton IPO to raise $3.75 billion
By Joyce Lee and Jihoon Lee SEOUL (Reuters) -South Korean game developer Krafton Inc said on Thursday it had priced its initial public offering (IPO) at the top of its indicative range to raise 4.3 tr...
Syndicated Content Jul 29, 2021
Telefonica raises 2021 outlook after record quarterly profit
MADRID (Reuters) - Spanish telecoms group Telefonica raised its outlook for the full year on Thursday, after posting a record net income of 7.74 billion euros ($9.2 billion) thanks to the sale of its ...
Syndicated Content Jul 29, 2021
Volkswagen CEO: we need to change e-car approach in China
FRANKFURT (Reuters) - Volkswagen must change its approach to how it sells electric vehicles (EV) in China, the world's largest car market, Chief Executive Herbert Diess said, in a response to poor EV ...
Syndicated Content Jul 29, 2021
British drone insurer Flock raises $17 million led by Palihapitiya
LONDON (Reuters) - British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's Social Capital, Flock said on Thursday. Flock...
Syndicated Content Jul 29, 2021
German unemployment falls in sign of continuing recovery
BERLIN (Reuters) - German unemployment fell in July as companies hired more staff in light of a recovery in Europe's largest economy, official figures showed on Thursday. The Labour Office said the nu...
Syndicated Content Jul 29, 2021
LG Chem’s Q2 profit handily beats estimates on lawsuit money
SEOUL (Reuters) - LG Chem Ltd posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd ...
Syndicated Content Jul 29, 2021

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