Category Archives:
Chinese automaker Geely’s new energy brand Farizon raises over $300 million
BEIJING/HONG KONG (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm ...
Oct 26, 2022
Ad group WPP wrestles with wage pressure in resilient quarter
By Paul Sandle LONDON (Reuters) -British ad group WPP said its global clients are investing in their brands in the face of economic uncertainties, supporting its third-quarter revenue even as wage inf...
Oct 26, 2022
TSX futures rise on commodity boost, BoC rate decision in focus
(Reuters) - Futures for Canada's resources-heavy stock index rose on Wednesday as commodity prices gained, while investors awaited policy decision from the country's central bank which is expected to ...
Oct 26, 2022
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) - The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Ban...
Oct 26, 2022
Kraft Heinz beats quarterly sales estimates on higher prices
(Reuters) - Kraft Heinz Co beat third-quarter sales estimates on Wednesday, as higher product prices offset pressure from reduced demand for its packaged meals and condiments. Global packaged foods ma...
Oct 26, 2022
‘Seismic shift’ in bank payments to help business and consumers, says EU
By Huw Jones LONDON (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings for businesses and c...
Oct 26, 2022
Israel’s Trigo raises $100 million to expand autonomous shopping technology
JERUSALEM (Reuters) - Israel's Trigo said on Wednesday it raised $100 million in a private funding round to ramp up deployment for its technology that allows customers to shop without having to wait i...
Oct 26, 2022
Bed Bath & Beyond names Sue Gove as CEO
(Reuters) - Bed Bath & Beyond Inc on Wednesday named Sue Gove as its president and chief executive officer. Gove had been serving as the interim CEO since June this year. (Reporting by Ananya Mariam R...
Oct 26, 2022
General Dynamics quarterly profit rises about 5%
(Corrects net earnings in 2nd paragraph to say $902 million not billion, $3.26 not $3.29) (Reuters) -Gulfstream jet maker General Dynamics Corp on Wednesday reported an about 5% rise in its third-quar...
Oct 26, 2022
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
TOKYO (Reuters) - Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according to three people with knowledge of the developing plans, ra...
Oct 26, 2022
Peoria, IL, USA
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