Renault shares driven higher by better 2023 outlook
PARIS (Reuters) – Renault shares jumped more than 7% on Thursday after it raised its 2023 financial outlook thanks to…
Business
Swedish central bank chief says skeptical of currency intervention
STOCKHOLM (Reuters) – The Swedish central bank’s decision to asses the possibility of hedging a portion of foreign exchange reserve…
Chip industry globalisation under threat, says chief of China’s YMTC
By Brenda Goh SHANGHAI (Reuters) -Geopolitics and the national security concerns of some countries are threatening the globalisation of the…
Europe’s financial stability risk remains ‘severe’ -EU watchdog
(Reuters) – Financial stability risk in the European Union remains at a “severe” level and the downturn in the housing…
Fed’s Powell: we are still monitoring the banks’ situation very carefully
By Jesús Aguado and David Latona MADRID (Reuters) -The U.S. Federal Reserve is still monitoring the situation in the banking…
Inflation up in German states, pointing to national rise
BERLIN (Reuters) – Inflation rose in five economically important German states in the month of June, preliminary data showed on…
Cancer plaintiffs drill down on J&J’s support for $8.9 billion talc deal
By Dietrich Knauth NEW YORK (Reuters) – The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands…
Rouble hits 15-month low past 87 vs dollar on political risk concerns
(Reuters) – The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic…
BMW to produce electric X3 model at South Africa plant
(Reuters) – Germany’s BMW will build its X3 model in South Africa from 2024, investing 4.2 billion rand ($225.09 million)…
US court approves Cineworld’s restructuring plan
(Corrects day in first paragraph to Thursday) (Reuters) – British cinema chain operator Cineworld Group said on Thursday that a…