By Sheila Dang HOUSTON (Reuters) -Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped to offset the impact of lower crude prices. The No. 2 U.S. oil major last month headed off a legal challenge from the biggest U.S. producer Exxon Mobil enabling it …
Chevron beats Wall Street profit estimates with record output Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A tariff day blitz, pharma hit and Amazon stumble all left a cloud over Friday’s stock markets as the U.S. monthly employment report is set to test faded Federal Reserve easing bets. The bombardment …
(Reuters) -Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured …
Magna raises sales forecast, beats quarterly view on cost cuts Read More »
(Reuters) -Tesla’s new car sales in Spain rose 27% in July from the same month in 2024 to 702 vehicles, registration data released by industry group ANFAC showed on Friday, while sales of electrified cars as a whole skyrocketed, with a 155% rise. Sales of Tesla cars in Spain were up 1.1% in the first …
New Tesla sales in Spain rise 27% in July, other EV sales more than double Read More »
(Reuters) -Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The deal, which could be signed as soon as September, would involve Goldman’s asset management division becoming the lead investor in a …
FRANKFURT (Reuters) -Daimler Truck, one of the world’s biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to “continuous market weakness in North America”, the latest warning from industry as U.S. President Donald Trump imposes tariffs on imports. The German company now expects adjusted earnings before interest and taxes (EBIT) in a …
Daimler Truck slashes key profit forecast on North America weakness Read More »
By Ruma Paul DHAKA/KARACHI/AHMEDABAD (Reuters) -Bangladesh has negotiated a 20% tariff on exports to the U.S., down from the 37% initially proposed by U.S. President Donald Trump, bringing relief to exporters in the world’s second-largest garment supplier. The new rate is in line with those offered to other major apparel-exporting countries such as Sri Lanka, …
Bangladesh secures 20% US tariff for garments, exporters relieved Read More »
By Yimou Lee and Wen-Yee Lee TAIPEI (Reuters) -Taiwan President Lai Ching-te said on Friday that the new 20% tariff rate set by the Trump administration on goods imported from the island is “temporary”, and the government expects to negotiate a lower figure. Lai also noted that rates for semiconductors, electronics as well as information …
Taiwan says 20% U.S tariff is temporary; separate rate for chips in focus Read More »
By Leika Kihara TOKYO (Reuters) -Asia’s factory activity deteriorated in July as soft global demand and lingering uncertainty over U.S. tariffs weighed on business morale, private sector surveys showed on Friday, clouding the outlook for the region’s fragile recovery. The surveys were taken before Japan and South Korea clinched trade deals with Washington, offering some …
Asia’s factory activity worsens as US trade uncertainty bites Read More »
BEIJING (Reuters) -China will crack down on “herd behaviour” in investment in emerging sectors and tighten oversight of local governments’ investment promotions, officials at the state planner said on Friday. “Currently, ‘involution’ and disorderly competition appeared in some industries,” Wang Renfei, an official at the National Development and Reform Commission (NDRC), said at a media …
China to crack down on ‘herd behaviour’ in emerging sector investment Read More »
