DUESSELDORF (Reuters) -RWE, the world’s No. 2 developer of offshore wind, sees no need to write down a 3-gigawatt project in the United States, its CEO said, just days after the U.S. government ordered bigger rival Orsted to stop construction on an advanced site. The so-called Community Offshore Wind project, which RWE owns in a …
RWE CEO sees no need for writedowns on major US offshore project Read More »
TOKYO (Reuters) -Japanese automaker Mitsubishi Motors cut its operating profit forecast for the current fiscal year by 30% on Wednesday, citing the impact of U.S. import tariffs, weaker sales expectations, and rising selling costs. The automaker now expects to post an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next …
Japan’s Mitsubishi Motors cuts full-year operating profit forecast by 30% Read More »
By Davide Barbuscia NEW YORK (Reuters) – U.S. bond investors expect President Donald Trump’s latest attempt to exert control over the Federal Reserve to push down the value of long-dated U.S. debt on concerns that an overly dovish U.S. central bank may lose its grip on inflation. Late on Monday, Trump took his battle against …
Trump’s efforts to remove Fed governor set to test Treasury market Read More »
By Roshan Thomas and Rajasik Mukherjee (Reuters) -Domino’s Pizza Enterprises posted its first annual loss on Wednesday since going public two decades ago, triggering a 21% share slump, the steepest decline in nearly two months for the Australian pizza chain operator. Domino’s Pizza Enterprises, the largest master franchise of the U.S.-based Domino’s Pizza, has undergone …
Domino’s Australian franchise operator swings to first annual loss, shares fall 21% Read More »
(Reuters) -Goldman Sachs expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026 due to an increase in the surplus of oil next year. “We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 (through) 2026 Q4, resulting in …
Goldman Sachs expects Brent to decline to low $50s by late 2026 Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australian consumer prices jumped by far more than forecast in July as electricity costs spiked due to the timing of government rebates, while core inflation also jumped in a blow to hopes of a rate cut as soon as next month. Investors pared the chance for an …
Australia’s inflation tops forecasts as electricity prices surge Read More »
By Himanshi Akhand and Byron Kaye (Reuters) -Top Australian supermarket chain Woolworths said annual profit slumped as it cut prices to overcome a consumer backlash and reported sluggish sales growth in the start of the new financial year, sending its shares sharply lower. The company, which alongside smaller rival Coles makes two-thirds of Australian grocery …
Australia’s Woolworths posts weaker than expected sales, shares plunge Read More »
By Dan Catchpole (Reuters) -Boeing Defense has put contract negotiations with the striking machinists union on hold and has no plans to return to the table until at least after the Labor Day holiday, union officials said on Tuesday. Talks between the two had only just resumed the day before for the first time since …
Boeing Defense puts talks with striking machinists on hold, union says Read More »
(Reuters) -The Senate Banking Committee will hold a hearing next week to consider U.S. President Donald Trump’s nomination of White House economic adviser Stephen Miran as a Federal Reserve governor, Bloomberg News reported on Tuesday, citing a person familiar with the matter. Reuters could not immediately verify the report. (Reporting by Bipasha Dey in Bengaluru; …
Senate panel prepares to hold hearing on Trump’s Fed pick, Bloomberg News reports Read More »
(Reuters) -Australia’s Star Entertainment said on Wednesday it is in discussions with its lenders to secure potential waivers on loan covenants, though the terms offered by the lenders so far were unacceptable to the casino operator. This is the latest challenge to Star, which has been under a severe debt crisis and faces regulatory scrutiny. …
Australia’s Star Entertainment in a tussle with lenders over debt waivers Read More »
