WASHINGTON (Reuters) – The new U.S.-European Union Trade and Technology Council, a body formed to help patch up strained transatlantic trade relations and help the allied democracies better compete with China, will hold a second meeting in Europe later this year, U.S. Trade Representative Katherine Tai said on Wednesday. In remarks to an online U.S.-European…
By Siddharth Cavale and Praveen Paramasivam (Reuters) -More than 8,000 workers at nearly 80 King Soopers stores went on strike for better wages and benefits on Wednesday after the latest round of negotiations between the Kroger Co-owned Colorado chain and the union failed. The strike started at 7:00 a.m. ET and will go on for…
(Reuters) – U.S. stock index futures extended gains on Wednesday after consumer prices data came largely in line with expectations, easing some concern about faster-than-expected policy tightening by the Federal Reserve. At 8:33 a.m. ET, Dow e-minis were up 147 points, or 0.41%, S&P 500 e-minis were up 18 points, or 0.38%, and Nasdaq 100…
(Reuters) – U.S. stock index futures extended gains on Wednesday after consumer prices data came largely in line with expectations, easing some concern about faster-than-expected policy tightening by the Federal Reserve. At 8:33 a.m. ET, Dow e-minis were up 147 points, or 0.41%, S&P 500 e-minis were up 18 points, or 0.38%, and Nasdaq 100…
By Ross Kerber BOSTON (Reuters) – After scoring a landmark win at Exxon Mobil Corp over climate concerns last year, activist investor Engine No. 1 is broadening its sights to press companies on diversity and workforce issues in 2022. Michael O’Leary, who oversees investment stewardship at the San Francisco-based firm, said it will want more…
(Reuters) – Hyzon Motors has received a subpoena from the U.S. Securities and Exchange Commission (SEC), the hydrogen fuel-cell truck maker disclosed in a regulatory filing on Wednesday, sending its shares down nearly 13% before the bell. The SEC has asked the company to produce documents and information regarding allegations made in a report by…
BENGALURU (Reuters) -India’s Infosys Ltd on Wednesday bumped up its annual revenue forecast and posted a near 12% jump in quarterly profit, riding on strong demand for its software services from businesses accelerating their digital transformation due to the pandemic. The country’s second-largest IT services firm by revenue said it expects revenue growth of 19.5%-20%…
CHENNAI (Reuters) – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said, about three weeks after it was closed because of protests over workers falling sick. The company official, speaking to Reuters on condition of anonymity, said the factory reopened with one shift and 120 workers….
By James Davey LONDON (Reuters) – British supermarket group Sainsbury’s raised its full-year profit forecast by at least 9% after grocery sales over the Christmas quarter beat its expectations, even though they fell short of its stellar 2020 festive performance. Sainsbury’s said on Wednesday the upgrade reflected cost savings and stronger-than-expected grocery volumes, driven in…
By Kevin Yao BEIJING (Reuters) – China’s central bank is set to unveil more easing steps to support slowing growth, though it will likely favour injecting more cash into the economy than cutting interest rates too aggressively, policy insiders and economists said. While some analysts think modest rate cuts could still be on the cards…
