By Brigid Riley and Alun John TOKYO (Reuters) – The dollar held firm against major currencies on Thursday and gained against more volatile ones, underpinned by the U.S. 10-year yield nearing the[...]
Read more
October 19, 2023
Stellantis, Dongfeng to deepen China partnership with asset transfer deal
(Reuters) -Hong Kong’s Dongfeng Motor Group and the Netherlands-based Stellantis said on Thursday the automakers will expand their vehicle and component export business through an asset sale to[...]
Read more
Australian Shareholders’ Association to vote against resolutions in Qantas AGM
(Reuters) -The Australian Shareholders’ Association will vote against a bunch of resolutions, including the nomination of Qantas Chief Executive Officer Vanessa Hudson as a director of the airli[...]
Read more
TSMC expects ‘healthy growth year’ as Q3 profit beats expectations
By Sarah Wu and Yimou Lee TAIPEI (Reuters) – Taiwanese chipmaker TSMC posted a 25% fall in third quarter net profit on Thursday, beating expectations, and said the semiconductor industry could b[...]
Read more
Analysis-After US IPO stumbles, companies under pressure to offer bargains
By Echo Wang NEW YORK (Reuters) – Companies pursuing U.S. initial public offerings (IPOs) after a string of lackluster stock market debuts are receiving advice from investment bankers to lower t[...]
Read more
US oil refiners crank out diesel, further squeezing margins for gasoline
By Laura Sanicola and Stephanie Kelly WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because g[...]
Read more
Marketmind: To 5% and beyond, bond yields soar
A look at the day ahead in U.S. and global markets from Mike Dolan A buoyant U.S. economy, hawkish Federal Reserve and dysfunctional Congress are sending Treasury bond yields soaring through 5% and be[...]
Read more
Nestle says a production plant was temporarily shut down in Israel
By Richa Naidu LONDON (Reuters) – Nestle said it “temporarily shut down” of one of its production plants in Israel as a “precaution”, becoming the first consumer products[...]
Read more
Slowdown in Renault’s sales volumes hits shares
By Gilles Guillaume PARIS (Reuters) -Renault reported a sharp slowdown in third-quarter sales volumes on Thursday as independent dealers reduced inventories, sending shares in the French carmaker down[...]
Read more