(Reuters) – British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to see a drop in footfall and transaction volumes. “Access to a bank and cash is a fundamental need for all our local high streets,” UK’s labour union Unite said in a separate statement about the…
By Shreyashi Sanyal and Shristi Achar A (Reuters) -Europe’s STOXX 600 index closed at a one-month high on Thursday, supported by miners, banks and healthcare sectors, although chip stocks saw a heavy selloff after Taiwanese chipmaker TSMC’s bleak sales forecast. The pan-European STOXX 600 index was up 0.4%, extending gains to the third straight session….
NAIROBI (Reuters) – Some U.S. companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals don’t come from conflict zones, the U.S. Government Accountability Office (GAO) said in a report. A number of companies sourcing minerals such as tin, tungsten, tantalum…
LONDON (Reuters) – ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall over stocks as second-quarter earnings season ramps up. The S&P 500 and Nasdaq futures…
By Michael Hogan HAMBURG (Reuters) – Major grain importers in the Middle East and North Africa have reacted calmly to the end of the safe shipping corridor for Ukraine’s exports through the Black Sea this week, European commodity traders said on Thursday. “There has not been panic buying by importers this time around on the…
(Reuters) -A slump in copper production and shipping delays in Indonesia dragged Freeport-McMoRan Inc’s second-quarter profit down by 60%, although results narrowly beat Wall Street’s expectations. Shares rose 2.8% in Thursday morning trading alongside a rise in copper prices. The results lay bare the mining industry’s problem getting access to skilled labor to produce the…
By Kopano Gumbi, Nellie Peyton and Tannur Anders PRETORIA (Reuters) -South Africa’s central bank decided to halt interest rate hikes on Thursday for the first time since November 2021, but Governor Lesetja Kganyago was quick to add that the pause did not mean an end to the hiking cycle. The South African Reserve Bank’s (SARB)…
WASHINGTON (Reuters) – Twitter, which has asked a court to terminate a consent order struck last year with the Federal Trade Commission (FTC) related to data breaches, said in a court filing on Thursday that it planned to subpoena Senator Elizabeth Warren in connection with the fight. After billionaire Elon Musk took over Twitter last…
BENGALURU (Reuters) -Jaguar Land Rover (JLR), a unit of Indian automaker Tata Motors, said on Thursday it appointed interim boss Adrian Mardell as chief executive officer for a three-year term. Mardell, who has been with JLR for 33 years and became chief financial officer in 2019, transitioned to the interim CEO role last November when…
By Viktoria Lakezina MYKOLAIV, Ukraine (Reuters) -At least three people were killed and a Chinese consular building was damaged on Thursday in a third successive night of air strikes on southern Ukrainian port cities, Ukrainian officials said. Regional governor Oleh Kiper posted a photograph showing at least one broken window at the Chinese consulate in…
