By Yimou Lee and Faith Hung TAIPEI (Reuters) -Apple supplier Foxconn on Wednesday surpassed expectations with a 6% rise in quarterly net profit, driven by a boom in demand for AI servers, and stood by[...]
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August 14, 2024
Thyssenkrupp swings to loss as costs climb
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp swung to a quarterly net loss due to higher than expected costs for legacy projects and halted the sale of one of i[...]
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Tour operator TUI beats profit expectations on summer travel bookings
By Joanna Plucinska, Ilona Wissenbach and Andrey Sychev (Reuters) -Europe’s largest tour operator TUI exceeded profit expectations for the third quarter on Wednesday, buoyed by strong summer tra[...]
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Tilray to buy four craft breweries from Molson Coors
(Reuters) – Tilray Brands would buy four craft breweries from beer maker Molson Coors in a bid to expand business beyond its range of cannabis products, the company said on Tuesday . The pot pro[...]
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Thyssenkrupp in good talks with Carlyle, KfW over warship unit sale
FRANKFURT (Reuters) – Thyssenkrupp continues to be in good discussions with private equity firm Carlyle and German state lender KfW over the sale of a majority stake in its warship division, fin[...]
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Asian bonds attract hefty inflows on US rate outlook, strong exports
(Reuters) – Foreign investors were net buyers of Asian bonds for the third consecutive month in July, spurred by strong regional export growth and expectations of a September rate cut by the U.S[...]
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No respite for Chinese officials as economy shows new signs of weakness
By Joe Cash BEIJING (Reuters) – A recent string of dismal indicators have dulled expectations for China’s economic performance in July, in an ominous sign for the rest of 2024 and pointing[...]
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Australia’s CBA beats annual profit forecast, extends shares rally
By Byron Kaye and Sameer Manekar SYDNEY (Reuters) -Commonwealth Bank of Australia, the country’s biggest lender, said on Wednesday full-year profit fell less than analysts feared due to lower pr[...]
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NZ delivers first rate cut in over 4 years and flags more easing, kiwi tumbles
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank slashed its benchmark rate for the first time since March 2020 and flagged more cuts over coming months, saying inflation was nea[...]
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