KKR open to leave Italy in control of TIM’s submarine cable unit, sources say
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – KKR is open to leaving Italy in full control of Telecom…
August 2023
Billionaire investor Loeb cuts bearish bets to avoid short squeezes-letter
By Nell Mackenzie LONDON (Reuters) – Billionaire investor Daniel Loeb has reduced the size of short bets on single named…
Ford revs up electric truck output, testing mainstream EV demand
By Joseph White DETROIT (Reuters) – Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and…
Meta to seek user consent for targeted ads in the EU
DUBLIN (Reuters) – Meta intends to ask users in the European Union for their consent before allowing businesses to target…
HSBC rides rising rates to double its income, launches $2 billion share buyback
By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) -HSBC Holdings raised its key profitability target and announced a fresh…
Uranium price ticks up after Niger coup, more gains expected
By Eric Onstad LONDON (Reuters) – The price of uranium has risen only slightly since a military coup in Niger…
Canadian factory activity slows for third straight month in July
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for the third straight month in July as an uncertain…
Brazil’s industrial output surprises with small rise in June
SAO PAULO (Reuters) – Industrial production in Brazil surprised economists with a small increase in June, but the positive figures…
Exclusive-Thai, Vietnamese exporters renegotiate 500,000 T of rice deals
By Naveen Thukral SINGAPORE (Reuters) – Rice exporters in Thailand and Vietnam are re-negotiating prices on sales contracts for around…
Food distributor Sysco misses revenue estimates on inflation-induced demand slowdown
(Reuters) – Food distributor Sysco Corp missed Wall Street expectations for quarterly sales on Tuesday, as inflation-hit consumers restrict discretionary…