By Akash Sriram (Reuters) -Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down nearly 8%. Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and …
Uber shares slide as slowing bookings growth spooks investors Read More »
By Stine Jacobsen COPENHAGEN (Reuters) -A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the threat of Red Sea attacks. Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted …
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat Read More »
By Olga Popova, Michael Hogan and Gleb Bryanski MOSCOW/HAMBURG (Reuters) – Russia’s measures to curb grain exports are causing confusion in international markets as the absence of clear government instructions creates loopholes and potential friction with key buyers, traders said. Russia, the world’s largest wheat exporter, has attempted to limit grain supplies to global markets …
Russia’s tacit grain export curbs cause market confusion Read More »
ROME (Reuters) – Italy’s economy minister on Thursday defended his decision to raise taxes on cryptocurrency capital gains as part of next year’s budget, despite pressure from some lawmakers in his own party to backtrack. Giancarlo Giorgetti said savers should make a distinction between investments that finance tangible projects and cryptocurrencies, whose value he said …
Italy’s finance minister defends tax hike on cryptocurrencies amid party spat Read More »
(Reuters) – Packaged food company Kellanova topped Wall Street estimates for third-quarter sales on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks despite rising prices. WHY IT IS IMPORTANT The Cheez-It maker has capitalized on its brand strength to steadily raise product prices over the past few years to strengthen its …
Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand Read More »
By Nathan Vifflin (Reuters) -European chipmaker STMicroelectronics (ST) on Thursday trimmed its revenue outlook for the third time this year amid weak demand from industrial clients, and said growth of its largest division depends on expansion in China. Automotive semiconductor companies like ST, Texas Instruments and Melexis are betting on expansion in the Chinese EV …
ST targets China growth after trimming forecast again Read More »
MADRID (Reuters) – Spanish oil company Repsol is working on more deals in its renewable operations in Spain and the United States while it also seeks a solution for its exploration and production businesses in the North Sea, Chief Executive Josu Jon Imaz said on Thursday. Repsol’s strategy has been focused on selling minority stakes …
Repsol targets renewables deals, seeks ‘solution’ for North Sea business Read More »
(Reuters) – Insurance broker WTW’s third-quarter adjusted profit rose 27% on Thursday, helped by robust performance in its risk and brokerage business. WHY IT’S IMPORTANT Lower inflation, a strong labor market, wage growth and expectations of a soft landing have spurred higher spending on insurance by individuals and businesses. The firm, in an effort to …
WTW Q3 profit rises on strong risk and brokerage business Read More »
(Reuters) – Ukrainian lawmakers passed the first stage of discussions over the 2025 budget on Thursday, with around 26% of GDP allocated for defence as the country struggles to fend off the Russian offensive. The draft budget provides for 2.2 trillion hryvnias ($53.38 billion) for national security and defence spending, the finance ministry said, a …
Ukraine’s 2025 budget allocating $53 billion for defence clears first hurdle Read More »
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the automaker said as it seeks to fix bloated inventories and poor commercial performance that led to a major profit warning last month. The result published on Thursday was however slightly better …
Stellantis revenue slides as automaker cuts bloated inventories Read More »
