By Indradip Ghosh BENGALURU (Reuters) – Home prices in Germany are forecast to correct modestly this year and decline a bit more in 2024 as a series of interest rate rises further cools hot demand for property during the pandemic, according to analysts polled by Reuters. Higher borrowing costs, along with still-elevated consumer inflation, dragged…
By Martin Quin Pollard BEIJING (Reuters) -He’s “a pioneer”, “Brother Ma” and some want him to be U.S. president. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to the country while also securing audiences with three government ministers. Since landing in Beijing on Tuesday, the Tesla Inc chief…
(Reuters) -United Airlines Holdings Inc said on Wednesday its Chief Financial Officer Gerry Laderman had announced plans to retire in 2024. The Chicago-based carrier plans to appoint a new CFO later this year. Laderman is expected to retire in September 2024 after being appointed to the role in 2018, the airline said in a regulatory…
(Reuters) – Russia’s Nornickel expects the global palladium market to swing to a surplus of 300,000 troy ounces in 2024 from a deficit of 200,000 ounces in 2023 due to recycling outpacing demand recovery, the miner said on Wednesday. Nornickel, which has not been directly targeted by Western sanctions since Russia’s invasion of Ukraine, accounts…
By Lewis Jackson SYDNEY (Reuters) – Australia will encourage businesses diversify their trade into new and emerging markets, Trade Minister Don Farrell will say in a speech on Thursday, even as ties heal with China, its largest trading partner. “It’s why this government has spent the last year working to diversify our trading relationships,” he…
By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) – The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world’s largest crude reserves. Pedro…
HONG KONG (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned “uncertainty” caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need “real engagement” on security and trade issues. Dimon is on his first visit to China since the beginning of the…
HAMBURG (Reuters) – Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker’s biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage have eased, a senior executive said. Imelda Labbe, who is part of the management board of the Volkswagen brand, said in an internal interview…
By Lisa Barrington DUBAI (Reuters) -The United Arab Emirates said on Wednesday it was no longer taking part in operations by a U.S.-led task force protecting Gulf shipping, which has been subjected to renewed tanker seizures by Iranian naval forces in recent weeks. The UAE was responding to a Wall Street Journal report on Tuesday…
(Reuters) – American Airlines Group Inc on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand. The company’s shares were up 2% at $14.91 in premarket trade. Travel demand has stayed strong even amid worries of a looming recession, with travel during the Memorial Day weekend topping 2019…
