(Reuters) -Renault said it would sell just over a third of its Korea unit to China’s Geely Automobile Holdings, freeing up capital for the French automaker to invest in its lagging home market and electric business. Renault is in the middle of multi-year turnaround plan that is aimed at boosting profit margins and splitting its…
By Laura Sanicola (Reuters) – Oil prices edged lower in early Asian trade on Tuesday, adding to a 6% slump in the previous session, as coronavirus lockdowns in top oil importer China and potential economic ructions in Europe fed worries about the demand outlook. Brent crude fell 36 cents, or 0.3%, to $105.58 at 0009…
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton met Tesla Inc boss Elon Musk in Texas on Monday and the two signalled agreement on EU digital media regulation ahead of Musk’s purchase of Twitter Inc . The meeting comes weeks after the world’s richest man clinched a deal to buy the…
(Reuters) -British supermarket group Morrisons has won a battle against the owners of rival Asda to buy collapsed convenience store chain McColl’s. In a deal structured through a so called pre-pack administration, Morrisons, which has a wholesale supply deal with McColl’s, will take on all its 1,160 stores, including 270 Morrisons Daily format stores. Morrisons…
By Sinéad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply, oil prices sank about 6% and the dollar finished just off a 20-year high as investors fled risk and sought safe havens due to worries about inflation and slower global economic growth. Oil prices tumbled as coronavirus lockdowns in China, the…
By Paresh Dave OAKLAND, Calif. (Reuters) -Dating apps maker Match Group Inc sued Alphabet Inc’s Google on Monday, calling the action a “last resort” to prevent Tinder and its other apps from being booted off the Play store for refusing to share up to 30% of their sales. Match’s lawsuit follows ongoing cases brought by…
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co’s streaming TV business will face scrutiny on Wednesday from investors who are re-evaluating the media industry’s aggressive shift from cable television to online video subscriptions. Netflix Inc shook Wall Street last month when the streaming video pioneer disclosed it lost subscribers in the first three…
By Tim Hepher and Padraic Halpin DUBLIN (Reuters) -Boeing Co was at the centre of a tug of war over the future of its newest jet on Monday as Germany’s Lufthansa ordered the 777X Freighter hours after an influential industry leader questioned the delayed programme’s viability. The U.S. planemaker last month pushed back first delivery…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended below 4,000 for the first time since March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates. The Nasdaq closed at its lowest level since November…
By Paresh Dave OAKLAND, Calif. (Reuters) – Dating apps maker Match Group Inc sued Alphabet Inc’s Google on Monday, calling the action a “last resort” to prevent Tinder and its other apps from being booted off the Play store for refusing to share up to 30% of their sales. Match’s lawsuit is the latest to…
