WARSAW (Reuters) – Poland’s defence ministry signed offset deals with Boeing and General Electric worth nearly 1 billion zlotys ($255 million) on Monday, bringing it closer to finalising a[...]
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August 5, 2024
Gold’s run to record high may crimp demand: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may become a victim o[...]
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China Evergrande’s EV arm units to enter bankruptcy proceedings, court rules
By Clare Jim and Rishav Chatterjee (Reuters) -China Evergrande’s electric vehicle group said on Monday a Chinese court had ruled that two of its subsidiaries should enter bankruptcy and be reorg[...]
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Logitech founder urges company to replace board chair immediately
ZURICH (Reuters) – Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, wh[...]
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Analysis-Bunge, ADM to benefit as US farmers sell cheap crops in ‘haul of shame’
By Tom Polansek and P.J. Huffstutter CHICAGO (Reuters) – A spike in bargain-basement crop sales by U.S. farmers needing to make room in storage bins for autumn harvests could boost profitability[...]
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Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast
By Faith Hung and James Pomfret TAIPEI (Reuters) – Taiwan stocks plunged a record 8.4% on Monday, with tech stocks including TSMC sliding as investors spooked by a poor outlook for the U.S. econ[...]
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Morning Bid: Bathed in a sea of red
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s a sea of red in Asian share markets as investors flee from risk and a lot of crowded trades unwind[...]
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AI chip startup Groq valued at $2.8 billion after latest funding round
(Reuters) – Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners[...]
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Honeywell Automation India’s Q1 profit jumps on order execution
BENGALURU (Reuters) – Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders. The Indian unit of U.S.-based Honeywell Interna[...]
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