BENGALURU(Reuters) – Jaguar Land Rover (JLR) owner Tata Motors reported a loss for the third quarter on Monday, hurt by semiconductor shortages and high commodity prices. Automakers worldwide have been roiled by the chip shortage, along with supply chain disruptions, COVID-19 restrictions and rising raw material prices after a short-lived recovery towards the end of…
FRANKFURT, Germany (AP) — The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy prices that dented consumer purchasing power. The result: An economic winter of discontent that may not lift until later this year. Much…
By Krishna N. Das PATNA, India (Reuters) – Niranjan Kumar, the eldest son of a small farmer in the eastern Indian state of Bihar, was one of 12.5 million youngsters who applied for 35,000 jobs when the railways department started recruitment examinations more than a year ago. The mathematics graduate, 28, and his dormitory mates…
A look at the day ahead from Danilo Masoni. The days of wild swings aren’t over. And with bears and bulls still fiercely wrestling for control, investors could see their nerves tested again this week as geopolitical tensions build up and policy tightening remains centre stage. So while the Bank of England is set to…
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar lurched lower on Monday, stepping back from a 1-1/2 year high tested on Friday, as hawkish comments over the weekend by a Federal Reserve official sent the U.S. yield curve to its flattest levels in three months. While the Fed has clearly telegraphed a March interest…
By Farah Master and Twinnie Siu HONG KONG (Reuters) -Macau Legend,, which owns and operates a casino resort in Macau, said its chief executive resigned on Monday after he was arrested and detained by police in the world’s biggest gambling hub, sending shares down 19% to a record low. CEO Chan Weng Lin’s arrest https://www.reuters.com/world/china/police-arrest-macaus-no-2-junket-boss-crackdown-media-2022-01-30…
By Dhara Ranasinghe LONDON (Reuters) – Record euro area inflation rates mean price pressures will top the agenda for European Central Bank policymakers meeting on Thursday. No immediate policy action is expected since the ECB in December laid out plans https://www.reuters.com/markets/rates-bonds/ecb-set-dial-back-stimulus-one-more-notch-2021-12-15 to wind up its 1.85 trillion euro ($2.09 trillion) pandemic stimulus scheme by end-March….
AMSTERDAM (Reuters) – Dutch telecom company KPN said on Monday its core profit rose 4% in the fourth quarter, as revenues from mobile services to consumers and companies grew. KPN’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 584 million euros ($651.92 million) were in line with the average expectation of analysts in…
TOKYO (AP) — Asian shares gained Tuesday, mirroring broad overnight gains on Wall Street, while trading in China and most other regional markets was closed for Lunar New Year holidays. Japan’s benchmark Nikkei 225 edged up 0.5% in morning trading to 27,139.89. Australia’s S&P/ASX 200 gained 0.4% to 6,996.80. Wall Street closed a tumultuous January…
By Daniel Leussink TOKYO (Reuters) -Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud over the strength of the economic recovery. Retail sales posted their third straight month of year-on-year gains in December as low coronavirus…
