(Reuters) -Australian grocer Coles Group Ltd on Tuesday posted a 17% jump in first-half profit and forecast cost pressures would ease in the second half, but the country’s No. 2 grocer warned th[...]
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February 20, 2023
Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries
(Reuters) – Australia’s graphite developer Magnis Energy on Tuesday said it has signed a binding offtake deal with Tesla Inc to supply battery anode materials for a minimum three-year term[...]
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China’s new rules for offshore listings spark concern about lengthy approval process
By Scott Murdoch, Samuel Shen and Selena Li SYDNEY/HONG KONG (Reuters) -New rules laying out how Chinese companies can list outside mainland China will often mean getting a nod from several domestic g[...]
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Volkswagen faces possible recalls after environmental NGO wins emissions software lawsuit
HAMBURG (Reuters) – A German court on Monday ruled in favour of an environmental NGO’s lawsuit against the federal motor authority for releasing cars with software on exhaust gas recircula[...]
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$3.7 billion UK mass action against Facebook over market dominance rejected – for now
By Sam Tobin LONDON (Reuters) -Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominan[...]
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Marketmind: It’s flash PMI time
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Flash purchasing manager index reports from Japan and Australia on Tuesday will give an insight into h[...]
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Meta to test monthly subscription service priced at $11.99
(Reuters) -Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue b[...]
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Oil rises 1% on China demand hopes and supply concerns
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supp[...]
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Miners lift European shares, but fall in Telecom Italia caps gains
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – European shares inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China offsetting a fall in indust[...]
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