FRANKFURT (Reuters) – Inflation expectations among euro zone consumers continued to rise in September, even as economic growth and income forecasts declined markedly, a new European Central Bank survey showed on Wednesday. Inflation has been hitting new records month after month, raising fears that wages, still growing relatively slowly, will eventually follow, setting off a…
BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese shipping firm’s investment in a German container…
By Simon Jessop and Kate Abnett SHARM EL-SHEIKH, Egypt (Reuters) – Finance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back to help poorer countries cut emissions and adapt to the impacts of global warming. A $3 billion water…
TOKYO (AP) — Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers. Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 billion yen the same period a year…
By Emma-Victoria Farr, Joice Alves and Shadia Nasralla LONDON (Reuters) -Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain’s largest initial public offering (IPO) this year, and Europe’s fifth biggest. The shares opened 2% below the 250 pence per share…
TOKYO (AP) — Honda Motor Corp. said Wednesday that its fiscal second quarter profit rose nearly 14% as a weaker yen boosted its overseas earnings and strong demand raised sales of its vehicles and motorcycles. Tokyo-based Honda reported a July-September profit of 189.2 billion yen, or $1.3 billion. Quarterly sales rose 25%. Honda Group sold…
By Dina Kartit (Reuters) -Revenues at France’s Veolia jumped 49.1% in the nine months to the end of September, the company said on Wednesday, mostly driven by its takeover of rival Suez earlier this year. The waste and water company’s revenues for the period climbed to 30.71 billion euros ($30.92 billion), while its earnings before…
TAIPEI, Taiwan (AP) — President Tsai Ing-wen on Wednesday thanked British Trade Minister Greg Hands for London’s support for Taiwan after he became the latest foreign official to defy Chinese pressure and visit the self-ruled island democracy. Tsai expressed hope for “new heights” in British-Taiwanese relations and “joint achievements” at a time when the mainland’s…
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday ahead of a U.S. inflation update that will likely influence Federal Reserve plans for more interest rate hikes after elections left control of Congress uncertain. Hong Kong’s market benchmark fell by more than 2%. Shanghai, Tokyo and Sydney also declined. Oil prices edged…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher on Wednesday as investors braced for U.S. inflation data due this week and awaited the results of the midterm elections that could signify a power shift in Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.33% higher, while Japan’s Nikkei slipped 0.16% and…
