A look at the day ahead in European and global markets from Anshuman DagaWith just a week to go before the European Central Bank (ECB) meets, inflation data takes centre stage for investors. But will that really change market consensus that big rate hikes are coming? Unlikely. A spate of inflation data from Germany and…
(Reuters) – Toyota Motor Corp said on Tuesday its July global vehicle production fell 8.6% year-on-year, missing its target for four straight months, as COVID outbreaks, severe weather and a recall probe on top of a persistent chip shortage hurt output. The world’s largest automaker by sales produced 706,547 vehicles worldwide last month, below its…
(Reuters) – BHP Group shareholders have sought inclusion of climate sensitivity analysis in financial statements from 2023, and requested consistency on climate policy, the world’s biggest listed miner and an advocacy firm said on Tuesday. The demands form a part of resolutions submitted to BHP by the Australasian Centre for Corporate Responsibility (ACCR) on behalf…
By Byron Kaye SYDNEY (Reuters) – An Australian regulator sent legal letters to Facebook owner Meta Platforms, Apple Inc and Microsoft Corp demanding they share their strategies for stamping out child abuse material on their platforms or face fines. The e-Safety Commissioner, a body set up to protect internet users, said it used laws which…
By Kevin Buckland TOKYO (Reuters) – The dollar languished on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro. The tables turned for the two currencies as traders began ramping up bets for a super-sized 75 basis-point rate hike by the European Central Bank, while paring the odds…
By Arathy Somasekhar (Reuters) – Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts. Brent crude futures fell 39 cents, or 0.3%, to $104.70 a barrel by 0012 GMT after climbing 4.1% on…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another dam has burst, with the two-year rise to a 15-year high just shy of 3.50% flooding global markets with extra uncertainty and fear. Wall Street managed to claw back some of its earlier losses on Monday but still closed in…
(Reuters) -Lucid Group Inc on Monday filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production. The company, which has a market capitalization of about $27 billion, halved its production forecast for electric vehicles…
WASHINGTON (AP) — Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices, information that can be used to identify people and track their movements to and from sensitive locations, including reproductive health clinics, homeless shelters and places of worship. The Federal Trade Commission on Monday…
DETROIT (AP) — The National Labor Relations Board has reversed a Trump-era decision by finding that Tesla can’t stop factory employees from wearing clothing with union insignia while on the job. The board, in a 3-2 decision released Monday, overruled a 2019 NLRB decision involving Walmart and union clothing. The board wrote that a 1945…
