LONDON (Reuters) -Glencore on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. The miner and trader, which is pursuing a takeover bid for Canada’s Teck Resources, left overall 2023 guidance for copper unchanged at 1.04 million…
LONDON (Reuters) -British retail sales fell by a greater-than-expected 0.9% in March from February, official figures showed on Friday, with bad weather and high inflation combining to keep consumers away from the shops. Economists polled by Reuters had forecast that sales volumes would fall by a monthly 0.5% after rising in January and February. Darren…
(Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8-$10 billion for the business, Bloomberg News reported on Friday. Carlyle, which controls McDonald’s China along with Trustar Capital, could sell down part of their stakes in the fast-food giant in the deal…
By Casey Hall SHANGHAI (Reuters) – Automakers keen to make a splash at the Shanghai auto show showed off vehicles boasting features from crystal balls to in-car karaoke systems and 3D dashboards, as competition to attract drivers heats up in the world’s largest auto market. At the first such showcase in China since the country’s…
ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed into a growth instrument”, Prime Minister Giorgia Meloni was quoted as saying on Friday. Under the reform agreed at the EU level in 2021 but…
(Reuters) -BofA Global Research and other banks raised their forecast for China’s 2023 gross domestic product (GDP) growth this week, after first-quarter economic growth data came in stronger than expected. BofA now expects China’s economy to grow 6.3% this year from 5.5% earlier, after climbing 4.5% in the first-quarter as policymakers moved to bolster growth…
By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) – As automakers and chemicals suppliers scramble to secure raw materials, resource-rich Australia has become a rare global bright spot with $37 billion worth of M&A deals in the first quarter, with the trend expected to continue in the near term. The increased dealmaking activity is forecast…
WASHINGTON/MANILA (Reuters) – U.S. President Joe Biden will meet his Philippine counterpart Ferdinand Marcos Jr at the White House on May 1 to discuss economic cooperation and the Indo-Pacific region, Manila and Washington said on Friday. The treaty allies have enjoyed warmer ties since Marcos took office last June, reversing his predecessor’s anti-U.S. stance. Next…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden may announce his re-election campaign by video as soon as Tuesday, two people familiar with the matter said on Thursday, setting the stage for a possible rematch with his Republican predecessor Donald Trump. A Tuesday announcement by Biden, 80, would come four years to the day…
By Jennifer Rigby LONDON (Reuters) – African countries are lining up to approve a new vaccine for malaria, with 20 million doses available for them to buy this year, the shot’s manufacturer told Reuters. This week, Nigeria’s medicines regulator followed Ghana’s, with the two nations becoming the first countries in the world to back the…
