(Reuters) -Chilean miner SQM, the world’s second largest lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit, boosted by skyrocketing prices and record high sales o[...]
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Updated
Japan trade gap persists as weak yen squeezes purchasing power
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s imports in October surged by more than half from a year earlier, dwarfing growth in exports and enlarging a trade deficit that has weighed he[...]
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Tesla board member says Elon Musk identified potential successor as CEO
By Hyunjoo Jin and Paresh Dave SAN FRANCISCO (Reuters) -James Murdoch, a Tesla Inc director, testified in court on Wednesday that CEO Elon Musk has in the last few months identified someone as a poten[...]
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Renault considers transferring over half of Nissan stake to match holdings – Nikkei
TOKYO (Reuters) -Renault SA may transfer more than half its stake in Nissan Motor to a trust to match the Japanese car maker’s holdings in itself, the Nikkei newspaper reported on Thursday. Rena[...]
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Global stocks slip, dollar steady as retail sales tip Fed outlook
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clou[...]
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Analysis-Political gridlock may help U.S. stocks but inflation still in driver’s seat
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and th[...]
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As FTX collapses, Temasek becomes latest backer to write down $275 million funding
SINGAPORE (Reuters) – Singapore state investor Temasek Holdings said it would write down the value of its entire investment of $275 million in collapsed crypto currency exchange FTX, in the late[...]
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Wall Street ends down after Target outlook, Micron supply cut
By Lewis Krauskopf, Amruta Khandekar and Ankika Biswas (Reuters) – Wall Street’s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers[...]
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U.S. retail sales rise solidly; fourth-quarter GDP estimates raised
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting con[...]
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