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…
Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. He sold $7…
By Tom Westbrook SINGAPORE (Reuters) – The dollar steadied on Wednesday as traders waited on results from U.S. elections and on inflation data that could disappoint hopes for the interest rate outlook, while cryptocurrencies were on edge as a major exchange faces a bailout. The greenback has been under downward pressure from bets on the…
By Jamie Freed (Reuters) -Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday that long-serving executive Ronald Lam would take over as chief executive from Jan. 1, with current boss Augustus Tang set to retire, as the pandemic-hit airline rebuilds capacity. Lam, who joined Cathay in 1996, was previously the airline’s chief customer and commercial…
NEW YORK (Reuters) – Investors are expecting Republican gains in U.S. midterm elections, a result that could ease worries about Democratic spending and regulation but set up a bruising fight over raising the U.S. debt ceiling next year. The S&P 500 rose 0.56% on Tuesday during voting that will determine control of the U.S. Congress,…
