Category Archives:
Battery giant CATL posts slower profit growth as competition heats up
BEIJING/SHANGHAI (Reuters) -Chinese battery giant CATL on Tuesday recorded slower growth in net profit for the second quarter, as the company scrambled to maintain its industry leadership amid intensi...
Jul 25, 2023
Some Chinese steel mills ordered to cap output this year – sources
BEIJING (Reuters) - Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday...
Jul 25, 2023
Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September – sources
By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) - The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund m...
Jul 25, 2023
Deadly fires rage along Algeria coast, spread to Tunisia
ALGIERS (Reuters) - Algeria was battling to contain devastating forest fires along its Mediterranean coast on Tuesday, in an inferno which has killed at least 34 people, authorities said, adding they ...
Jul 25, 2023
Bank of England rates set to peak at 5.75% by year-end: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) - The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, and hike twice more b...
Jul 25, 2023
Moody’s beats revenue estimates on steady demand for analytics services
(Reuters) - Moody's Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research services. Customer demand ...
Jul 25, 2023
Germany’s plan for credit guarantees violates climate commitments – environmentalists
By Riham Alkousaa BERLIN (Reuters) - Environmental groups on Tuesday criticized Germany's policy draft on export credit guarantees as too vague and soft on financing of natural gas projects as Berlin ...
Jul 25, 2023
Abandon, sell, keep? Unilever’s Russia conundrum
By Richa Naidu LONDON (Reuters) - Unilever, which has faced criticism for over a year for remaining in Russia, said on Tuesday that it could abandon, sell or retain its operations there but the "least...
Jul 25, 2023
Randstad flags tougher job market, earnings beat forecasts
By Olivier Sorgho (Reuters) -Randstad, the world's biggest staffing firm, on Tuesday flagged weaker demand in a "challenging" jobs market, even as it beat expectations for second-quarter core earnings...
Jul 25, 2023
Safety first in China under new central bank governor
By Kevin Yao BEIJING (Reuters) - China's new central bank governor Pan Gongsheng brings with him the reputation of a firefighting technocrat, signalling growing concerns among the country's leadership...
Jul 25, 2023
Peoria, IL, USA
38 °F Partly cloudy
