(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been granted official approval, the German carmaker said on Wednesday, bringing its exit from Russia one step closer. Mercedes, which suspended exports to Russia and local manufacturing in early March 2022, last year agreed to sell…
FRANKFURT (Reuters) – The euro zone’s current account surplus widened in February as imports fell thanks lower energy costs and already large net exports of services remained broadly steady, data from the European Central Bank showed on Wednesday. The 20-nation bloc’s adjusted current account surplus increased to 24.32 billion euros in February from 18.63 billion…
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a mid- to high- single-digit percentage. “We see signals…
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a mid- to high- single-digit percentage. “We see signals…
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said on Wednesday The order for their joint venture PSM is valued at around 770 million euros ($843.92 million), they said in a joint statement. According to the companies, they will…
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track – as seen from better-than-expected first-quarter data. China’s economy grew at a faster-than-expected pace in the first quarter, reducing the urgency for authorities to…
By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed 35 cents, or 0.4%, to $84.42 a barrel as at…
By Natasha Ribeiro and Tyler Clifford NEW YORK (Reuters) -A four-story parking facility collapsed in New York City’s lower Manhattan near Pace University and the New York Stock Exchange on Tuesday, killing at least one worker and injuring five others who were inside the structure, authorities said. Emergency personnel using robotic devices after firefighters were…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The settlement,…
By Helen Coster (Reuters) – Fox News’s $787.5 million settlement with Dominion Voting Systems over its coverage of false vote-rigging claims in the 2020 U.S. election made headlines on Tuesday, except on the cable channel itself, whose mention of it was somewhat muted. Hosts Tucker Carlson and Sean Hannity, who had been expected to testify…
