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Fashion retailer H&M’s Sept-Nov sales beat forecast
COPENHAGEN (Reuters) - H&M, the world's second-biggest fashion retailer, reported on Thursday a 10% increase year-on-year in September-November net sales, slightly exceeding market expectations of a 9...
Syndicated Content Dec 15, 2022
Norsk Hydro to supply Mercedes-Benz with low-carbon aluminium
By Victoria Klesty OSLO (Reuters) - Norsk Hydro will supply Mercedes-Benz with low-carbon aluminium for a range of models from 2023, including its electric EQ models, as the luxury carmaker plans to d...
Syndicated Content Dec 15, 2022
Exclusive: Grab to implement cost cuts, cites uncertain macroeconomic situation – CEO in memo
By Anshuman Daga SINGAPORE (Reuters) - Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic sit...
Syndicated Content Dec 15, 2022
Australian regulator sues comparison site over crypto product
By Byron Kaye SYDNEY (Reuters) - Australia's corporate regulator sued the country's biggest comparison website on Thursday in relation to a cryptocurrency product, accusing it of conducting unlicensed...
Syndicated Content Dec 15, 2022
U.S. fuelmakers more than recoup pandemic losses in 2022
By Laura Sanicola (Reuters) - U.S. oil refiner PBF Energy is closing out one of the best financial years in its history, a wild bounce back from the brink in April 2020 when fuel demand and gasoline p...
Syndicated Content Dec 15, 2022
Analysis-Investors bet Fed will blink if recession hits despite ‘higher for longer’ mantra
By Davide Barbuscia and David Randall (Reuters) - Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it ...
Syndicated Content Dec 15, 2022
Germany’s half-a-trillion dollar energy bazooka may not be enough
By Christoph Steitz FRANKFURT (Reuters) - Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine month...
Syndicated Content Dec 15, 2022
Adding EVs to U.S. biofuels law is environmental agency’s 2023 task
By Stephanie Kelly NEW YORK (Reuters) - The Biden administration could change the nation's biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a maj...
Syndicated Content Dec 15, 2022
Marketmind: Thank you, next
A look at the day ahead in European and global markets from Ankur Banerjee With the market on edge after hawkish rhetoric from the Fed, the stage is set for the Bank of England and the European Centra...
Syndicated Content Dec 14, 2022
Indonesia books bigger-than-expected Nov trade surplus of $5.2 billion
JAKARTA (Reuters) - Indonesia posted a larger-than-expected trade surplus last month, as imports unexpectedly contracted on a yearly basis while exports slowed, official data showed on Thursday. Novem...
Syndicated Content Dec 14, 2022
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