By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan (Reuters) -European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with falling commodity-linked s[...]
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July 19, 2024
Aircraft engine maintenance times at historic high, Bain says
By Lisa Barrington SEOUL (Reuters) – Airlines face their longest ever waits for engine maintenance with demand likely to peak in 2026, according to consultancy Bain, constraining carriers’[...]
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Insurer Travelers profit jumps on investment gain; premiums lag
(Reuters) – Travelers Companies reported a jump in second-quarter profit as higher investment income offset steep catastrophe losses, but lower-than-expected growth in net written premiums dragg[...]
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Oracle reaches $115 million consumer privacy settlement
By Jonathan Stempel (Reuters) – Oracle agreed to pay $115 million to settle a lawsuit accusing the database software and cloud computing company of invading people’s privacy by collecting[...]
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Oilfield services firms SLB, Halliburton post profit gains on global demand
By Arathy Somasekhar and Arunima Kumar HOUSTON (Reuters) -Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but warned of so[...]
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Analysis-Big US bond managers steer clear of long-dated government debt
By Davide Barbuscia NEW YORK (Reuters) – A number of U.S. bond managers at firms in charge of trillions of dollars of assets are steering clear of long-term U.S. government bonds as they expect[...]
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Citi reaches settlement with Montreal Exchange on options reporting
(Reuters) -Citigroup reached an agreement with the Bourse de Montreal to resolve allegations that it failed to report positions on options contracts exceeding a certain threshold, the exchange said on[...]
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India’s Reliance misses profit estimates on weak fuel sales margin
BENGALURU (Reuters) -Reliance Industries, India’s most valuable company, reported first-quarter profit below analysts’ estimates on Friday, hurt by lower margins on fuel sales. The billion[...]
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Chinese industry body tells EU to correct its findings on EVs
By Philip Blenkinsop BRUSSELS (Reuters) – EU tariffs on electric vehicles built in China breach global trading rules and must be corrected, an industry body representing 12 Chinese automakers to[...]
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