By Daniel Leussink YOKOHAMA, Japan (Reuters) -Embattled automaker Nissan reported a $535-million quarterly loss on Wednesday, hit by U.S. tariffs, restructuring and lower sales volumes and said it would stop production at a plant in Mexico. Japan’s third-largest automaker is in the midst of a sweeping turnaround plan and has pledged to close some seven …
Nissan takes a $535 million quarterly hit, as tariffs bite Read More »
By Enrico Sciacovelli (Reuters) -French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment. The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year revenue growth at constant currency in a …
Capgemini tightens annual revenue guidance, outlook cautious Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter: Hope you’ve had your coffee. We have a lot to get through. The next 72 hours will see traders run a gauntlet of risk events that features central bank decisions from the Federal Reserve, Bank of Canada and Bank of …
By David Lawder, Greta Rosen Fondahn and Maria Martinez STOCKHOLM (Reuters) -U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world’s two biggest economies that threatens …
US, China tariff truce holds for now but US says Trump has final say Read More »
By Clare Jim HONG KONG (Reuters) -China Evergrande Group looks set to be kicked off the Hong Kong exchange next month after failing to revamp its debt and being pushed into liquidation, with the stubbornly weak Chinese property sector clouding the outlook for debt restructuring by its peers. China’s property market, once a key growth …
Analysis-As Evergrande faces delisting, China property debt revamp drags on Read More »
By Wayne Cole SYDNEY (Reuters) -Australian consumer prices grew at the slowest pace in over four years in the June quarter, data showed on Wednesday, while core inflation hit a fresh three-year low and cemented market wagers for a cut in interest rates next month. The surprisingly benign report will be a huge relief to …
Australia Q2 inflation surprises on low side, heralds rate cut Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement. A host of Dow components reported earnings, with UnitedHealth, Boeing and Merck all closing lower after their quarterly results. Health …
Equities close lower as earnings weigh; Fed statement on tap Read More »
By Neil J Kanatt (Reuters) -Cadbury-parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady consumer demand for its higher-priced chocolates and biscuits, particularly in international markets including Europe. To offset rising input costs such as cocoa, the Milka and Toblerone chocolate maker has raised prices over successive …
Mondelez beats second-quarter estimates on strong international demand Read More »
(Reuters) -Cryptocurrency exchange Kraken is set to raise $500 million in funding at a $15 billion valuation, The Information reported on Tuesday, citing people familiar with the matter. A spokesperson for Kraken declined to comment on the report. Cryptocurrency-focused companies have been attracting increased investor interest as the digital asset class benefits from regulatory clarity …
Kraken seeks $500 million funding at $15 billion valuation, The Information reports Read More »
(Reuters) -Live Nation Entertainment said on Tuesday it will accelerate the purchase of an additional 24% stake in Mexican concert promoter Ocesa, as Mexico becomes a prominent market for live music events. The investment will give Live Nation greater control over the Mexican market, where concert attendance has more than tripled since 2019, reflecting the …
