Category Archives:
Japan embraces G7’s gas support but companies may face long-term problems
By Katya Golubkova, Yuka Obayashi and Kate Abnett TOKYO (Reuters) - Japan's energy companies were quick to embrace the G7's support for natural gas investment in their statement last month but analyst...
May 17, 2023
Japan arranging subsidies for Samsung chip facility -source
By Maki Shiraki TOKYO (Reuters) - Japan is arranging subsidies that could be worth around 15 billion yen ($110 million) to South Korea's Samsung Electronics Co for a chip facility it is considering se...
May 17, 2023
China’s BYD beefs up autonomous driving credentials with new unit, hiring spree
SHANGHAI/BEIJING (Reuters) - BYD Co Ltd may be China's biggest electric vehicle maker by a country mile but it knows it lags rivals in autonomous driving, and has set up a new division and embarked on...
May 17, 2023
British software group Sage upgrades revenue forecast
LONDON (Reuters) - Sage, a British provider of software to small and medium-sized companies, upgraded its full-year organic recurring revenue growth forecast to around 11% on Wednesday after a strong ...
May 17, 2023
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares in upsized offering
(Reuters) - An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), B...
May 17, 2023
China shuts 100,000 fake news social media accounts, ramps up content cleanup
By Bernard Orr and Eduardo Baptista (Reuters) - China has intensified efforts to clean up the internet from false news and rumours, closing more than 100,000 online accounts over the past month that m...
May 17, 2023
Tyre-makers under pressure as too much rubber hits the road
By Nick Carey and Barbara Lewis LONDON (Reuters) - Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with t...
May 17, 2023
At Cannes, independent film firms optimistic as streamers stumble
By Miranda Murray CANNES (Reuters) - Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year's Cannes Film Festival as th...
May 17, 2023
UBS says it was rushed into unwanted Credit Suisse rescue merger
By Kane Wu HONG KONG (Reuters) - UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and promp...
May 17, 2023
Commerzbank doubles quarterly profit, helped by higher interest rates
FRANKFURT (Reuters) - Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. Net profit of 580 mill...
May 17, 2023
Peoria, IL, USA
58 °F Light Rain
