May 11, 2023
Stocks, yields fall after data seen halting more Fed rate hikes

By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow…

May 11, 2023
Dollar stronger as market rethinks monetary policy outlook

By Laura Matthews NEW YORK (Reuters) - The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of…

May 11, 2023
Nissan expects 38% full-year profit rise on stronger sales outlook

By Daniel Leussink TOKYO (Reuters) -Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on stronger sales, a rosier outlook for the Japanese automaker as it retools its often difficult alliance with Renault and faces…

May 11, 2023
Volvo Cars delays EX90 production start

COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of…

May 01, 2023
The road to First Republic Bank’s collapse

(Reuters) - JPMorgan Chase & Co is buying most of First Republic Bank's assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marking the third major U.S. bank to fail in two…

Apr 26, 2023
Smaller EV prices to come down as EV sales climb, IEA says

By Victoria Waldersee BERLIN (Reuters) - Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the…

Apr 25, 2023
Price hikes boost profits at global consumer giants; will spending last?

By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda,…