Category Archives:
Daimler Truck raises revenue outlook amid strong customer demand
BERLIN (Reuters) - Daimler Truck Holding increased its forecast for 2022 revenues to 48 - 50 billion euros ($52.21 billion) from 45.5 - 47.5 billion, the truckmaker said on Tuesday, with strong custom...
Syndicated Content May 17, 2022
ABB targets faster growth for motion business
ZURICH (Reuters) - ABB is aiming to increase sales at its motion business 50% quicker than the overall market for electric motors, the Swiss engineering company said on Tuesday ahead of its investor d...
Syndicated Content May 17, 2022
Cryptoverse: Stablecoins wend wobbly way into the unknown
By Medha Singh, Lisa Pauline Mattackal and Alun John (Reuters) - Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs ...
Syndicated Content May 17, 2022
Brazil mills cancel sugar export contracts, shift output to ethanol
By Marcelo Teixeira (Reuters) - Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol to cash in on high energy prices, according to people with dir...
Syndicated Content May 17, 2022
Indonesia posts largest ever trade surplus of $7.6 billion in April
JAKARTA (Reuters) - Indonesia's trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a new record high while imports grew more slowly than expected, data from the sta...
Syndicated Content May 16, 2022
Exclusive: Equinor, Exxon agree to expand Brazil oil operations
By Sabrina Valle HOUSTON (Reuters) - Equinor SA and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters. The...
Syndicated Content May 16, 2022
India’s LIC shares set to slide in market debut after record IPO
MUMBAI (Reuters) - Shares in state-owned Life Insurance Corp of India (LIC) were on track to debut at an 8% discount to their IPO price on Tuesday. LIC shares were trading at 872 rupees in pre-open tr...
Syndicated Content May 16, 2022
Climate change is hurting insurers-report
LONDON (Reuters) - Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a re...
Syndicated Content May 16, 2022
BOJ deputy vows to maintain monetary stimulus despite price pressures
By Tetsushi Kajimoto TOKYO (Reuters) - The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said ...
Syndicated Content May 16, 2022
China Vice Premier Liu to speak at key meeting with tech execs – sources
By Binbin Huang and Brenda Goh SHANGHAI (Reuters) - Chinese Vice-Premier Liu He is scheduled to speak at a Tuesday meeting with tech executives that has been convened by the country's top political co...
Syndicated Content May 16, 2022

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