(Reuters) – Ford Motor Co expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable to “employee separations and supplier settlements,” the automaker said, adding…
(Reuters) -An explosion derailed a freight train for the second day in a row in a Russian region bordering Ukraine on Tuesday, sending both the locomotive and some cars off the tracks, authorities said. The incident occurred in the western Bryansk region, which borders both Ukraine and Belarus. Russian officials say pro-Ukrainian sabotage groups have…
(Reuters) – A 14-year-old boy shot his teacher in a Belgrade classroom on Wednesday before opening fire on other students and security guards, killing eight pupils and a security guard, Serbia’s interior ministry said. Here are details of some previous school shootings and mass killings of children around the world: – NASHVILLE, TENNESSEE, March 27,…
By Shaloo Shrivastava and Indradip Ghosh BENGALURU (Reuters) – The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Although the greenback weakened 0.8% last month, it was mild compared to March’s 2.3% slide as persistently…
(Reuters) -Canadian retailer Loblaw Companies Ltd on Wednesday reported first-quarter sales rose 6%, helped by strong demand for essential goods including groceries and drugs. Retailers industry-wide have lately been relying on sales of essential goods including groceries, frozen protein and drugs as inflation-hit consumers prioritize spending on everyday needs. Drug retail sales, however, were led…
(Reuters) -Canadian retailer Loblaw Companies Ltd on Wednesday reported first-quarter sales rose 6%, helped by strong demand for essential goods including groceries and drugs. Retailers industry-wide have lately been relying on sales of essential goods including groceries, frozen protein and drugs as inflation-hit consumers prioritize spending on everyday needs. Drug retail sales, however, were led…
By Jacob Gronholt-Pedersen, Greg Roumeliotis and Marie Mannes COPENHAGEN/NEW YORK (Reuters) -U.S. asset manager Apollo Global Management Inc plans to apply for approval from Swedish and Danish regulators to take a majority stake in SAS AB as part of the Scandinavian airline’s rescue plan, a source familiar with the matter said. The news of interest…
By Choonsik Yoo and Jihoon Lee INCHEON, South Korea (Reuters) – Inflation is cooling rapidly in countries including Indonesia but policymakers should consider diverse factors driving the price changes after rapid rises last year, the country’s finance minister told Reuters on Wednesday. Minister Sri Mulyani Indrawati also said in an interview that Southeast Asia’s largest…
By M. Sriram and Rama Venkat BENGALURU (Reuters) -Brookfield Asset Management and Tata Group are in talks to invest in the upcoming initial public offering (IPO) for Nexus Malls, betting that the Indian real estate investment trust will benefit from a rise in the country’s consumption levels, two sources told Reuters. The IPO, the first-ever…
A look at the day ahead in U.S. and global markets from Mike Dolan Markets finally worked out May might be a bit bumpy after all. Another echo of March’s bank stock stress on Tuesday along with the alarming prospect of the U.S. government running out of cash in less than a month was enough…
