By Scott DiSavino NEW YORK (Reuters) -Oil futures eased in choppy trading on Tuesday on forecasts for slower oil demand growth in China, the world’s second-biggest oil consumer, and disappointment with the size of cuts in China’s key lending rates. Adding to the bearish market sentiment, traders noted crude supplies from Iran and Russia have …
Oil prices ease on weaker Chinese demand picture Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -British finance minister Jeremy Hunt will hold a meeting with Britain’s major banks on Friday to discuss how they can help homeowners hit by rising mortgage costs, after saying the government would not offer borrowers significant financial help. The Bank of England has raised interest rates 12 …
UK’s Hunt says mortgage holders should not expect financial help Read More »
By Nikolaj Skydsgaard and Blake Brittain (Reuters) -Wegovy maker Novo Nordisk on Tuesday said it had sued some medical spas and wellness clinics in the United States for selling products claiming to contain semaglutide, the key ingredient in its popular weight-loss and diabetes drugs. The U.S. Food and Drug Administration (FDA) last month warned in …
Wegovy maker Novo Nordisk sues spas over counterfeit drugs Read More »
By Giulio Piovaccari MILAN (Reuters) -Pirelli investor Camfin has proposed Andrea Casaluci as the new CEO of the Italian tyremaker, promoting him from a general manager role days after the Italian government intervened to limit Chinese influence on the company. The nomination of Casaluci on Tuesday comes as Pirelli deputy CEO Giorgio Bruno, who had …
Pirelli’s Camfin nominates new CEO as it tightens grip on tyremaker Read More »
By Tom Perry, Maya Gebeily and Laila Bassam BEIRUT (Reuters) -Carlos Ghosn said on Tuesday he will fight “to the end” in a $1 billion lawsuit the former Nissan chairman has brought against the Japanese carmaker, marking his first such challenge. Ghosn’s lawsuit, which he filed in Lebanon and a copy of which was seen …
Ghosn to fight ‘to the end’ as sues Nissan in Lebanon Read More »
By Shashwat Chauhan and Khushi Singh (Reuters) – Britain’s main share indices fell on Tuesday, dragged down by miners and energy stocks as commodity prices took a hit following a smaller-than-expected interest rate cut by top consumer China. The resource-heavy FTSE 100 slipped 0.3%, hitting a one-week low, while the FTSE 250 mid-cap index fell …
Miners, oil drag London stocks lower after modest China rate cut Read More »
ANKARA (Reuters) – Turkey raised monthly minimum wage by another 34% beginning on July 1, the government said on Tuesday, bringing it to a net 11,402 lira ($483) for the second half of the year in an effort to address soaring inflation. “The minimum wage assessment commission completed its work with an agreement between the …
Turkey lifts minimum wage by 34% to address inflation Read More »
(Corrects paragraph 12 to remove reference to Alpha Auto Group and clarify that offer for Lookers was made by Global Auto Holdings) By Shreyashi Sanyal (Reuters) -German stocks led the decline among European peers on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest rate cut …
German shares lead losses in Europe as Lanxess plunges Read More »
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia’s invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers …
LONDON (Reuters) – Lockheed Martin has raised concerns with the U.S. Defense Department and Federal Trade Commission about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s Chief Operating Officer Frank St. John said on Tuesday. St. John said Lockheed, Aerojet’s biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and IP protections, adding it …
Lockheed says it has raised concerns over L3Harris-Aerojet deal Read More »
