By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -South Korean battery firm LG Energy Solution warned on Friday of a further slowdown in demand by early next year due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump. Its major customers Tesla and General Motors warned of fallout from U.S. tariffs …
LONDON (Reuters) -British consumers remained in a cautious mood this month ahead of possible tax increases later this year and added to their savings, according to a survey published on Friday. The consumer confidence index from market research firm GfK dipped to -19 in July from a six-month high of -18 in June. Economists polled …
UK consumers save more as they brace for tougher times, GfK says Read More »
HONG KONG/SHANGHAI (Reuters) -Hong Kong-based digital asset platform OSL Group said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies. The deal, which the company said was the biggest publicly disclosed equity raise in Asia’s digital asset space, comes days before Hong Kong’s stablecoin bill …
Hong Kong-based digital asset platform OSL Group completes $300 million equity financing Read More »
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories. New CEO Lip-Bu Tan said on Thursday the company’s engineers were busy working with customers …
Intel’s foundry future depends on securing a customer for next-gen chipmaking tech Read More »
DUBLIN (Reuters) -Irish consumer sentiment fell to a near two-year low in July as concerns about the cost of living and tariffs on European Union exports to the U.S. weighed, a survey showed on Friday. The Credit Union Consumer Sentiment Survey slipped to 59.1 in July from 62.5 in June, nearing April’s two-year low of …
Irish consumer sentiment drops to near two-year low in July Read More »
GDANSK (Reuters) -Pepco Group’s German unit has filed for insolvency proceedings as it seeks to revamp its loss-making store network in the country. Pepco Germany filed for the proceedings at a Berlin court. The unit operates 64 stores and employs around 500 people. All stores will remain open until further notice. The company has appointed …
Pepco’s German unit files for insolvency to restructure stores Read More »
(Reuters) -French-Italian chipmaker STMicroelectronics said on Thursday it would acquire part of NXP Semiconductors’ sensor unit for up to $950 million in cash. The deal would expand STMicro’s portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications. The unit generated revenue of about …
STMicro to buy part of NXP Semiconductors’ sensor business for up to $950 million Read More »
By Alden Bentley and Stefano Rebaudo (Reuters) -The dollar traded sideways versus the euro on Thursday after the European Central Bank held rates steady, and was confined to a tight range against the yen as prospects for higher Japanese rates offset worries about political risk after Sunday’s elections. The greenback showed fractional gains late in …
Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus Read More »
(Reuters) -Austria’s Raiffeisen Bank International (RBI) on Thursday said it “derecognizes” 1.2 billion euros ($1.41 billion) in expected proceeds from enforcing claims against Rasperia Trading Limited’s Austrian assets for the second quarter of 2025. In June, a Russian court had rejected RBI’s bid to lift an injunction banning the sale of its local subsidiary. The …
Austria’s RBI ‘derecognizes’ $1.41 billion legal claim from Rasperia for Q2 Read More »
By Tassilo Hummel and Mimosa Spencer PARIS -LVMH’s CEO Bernard Arnault plans to open a second factory in Texas, he said on Thursday, while the luxury group is anticipating a good outcome soon from trade talks between the U.S. and Europe. The company reported lower-than-expected quarterly sales, with its core fashion and leather division losing …
LVMH’s Arnault plans new Texas factory, as company awaits US-EU trade deal Read More »
