By America Hernandez PARIS (Reuters) – French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results. “In Germany, to be clear, we are perfectly in line with our double-digit objective,” Pouyanne told analysts, referring…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -McDonald’s said on Thursday that revenue growth was expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices. Shares of the company were, however, up 1.5% in morning trading after the burger chain posted…
(Reuters) – President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in Russia, in retaliation against foreign moves against Russian companies abroad, and warned in April the Kremlin could seize more. Below is a list of the companies affected so far. CARLSBERG The Russian state took control…
WASHINGTON (Reuters) – U.S. bank regulators released a proposal Thursday that would direct the nation’s largest banks to raise their capital, arguing a larger cushion is needed to ensure stability. The proposal, if implemented, would raise capital an aggregate 16% for larger banks, and also apply several stricter rules to banks with over $100 billion…
By Victoria Waldersee BERLIN (Reuters) – German automaker Mercedes-Benz raised its earnings forecast on stronger orders, an improved supply chain and higher sales and said it would carry on combatting costs by hiking prices despite worries over inflation weighing on demand. “Will the price lever be as strong in the coming quarters? We will be…
By Victor Goury-Laffont and Gilles Guillaume (Reuters) – French car maker Renault on Thursday posted an operating margin of 7.6% for the first half year, its highest ever and already close to its 2025 target, helped by higher prices for new cars and by cost reductions. The company, whose brands include Alpine sports-cars and Dacia,…
By Safiyah Riddle (Reuters) – Contracts to buy previously owned homes increased in June for the first time since February, suggesting that the housing market is recovering from the low point of its recent declines. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, based on signed contracts that…
By Olena Harmash KYIV (Reuters) -Ukraine’s central bank lowered its key rate to 22% on Thursday, announcing its first wartime rate cut in a move aimed at helping economic recovery. The cut from 25%, where it was set in June 2022, had been expected by economists and analysts, with inflation slowing more quickly than expected…
HONG KONG (Reuters) – China and the U.S. agreed to keep in close communication on issues including climate change, envoys from the two nations said on Thursday during a video call. The two sides exchanged views on topics such as strengthening China-U.S. climate change dialogue, and promoting cooperation in the global climate multilateral process, China’s…
By Bhanvi Satija and Leroy Leo (Reuters) -Eli Lilly said on Thursday its experimental obesity drug helped patients reduce 26.6% of weight, on average, across two late-stage studies after intensive lifestyle changes or with continued treatment, before they stopped taking the drug. Lilly is testing the drug, known as Mounjaro or tirzepatide, in the trials…
