Shopify divests logistics arm to Flexport in strategic reversal
By Krystal Hu (Reuters) – Shopify Inc has divested the logistics arm it built over the past few years, in…
Business
NYSE-parent ICE tops profit views as market volatility spurs trading
NEW YORK (Reuters) -Intercontinental Exchange Inc on Thursday reported first-quarter profit slightly above Wall Street views, as market volatility boosted…
Shell posts $10 billion profit as trading offsets lower energy prices
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion as…
US trade deficit narrows sharply in March as exports rise
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue…
US productivity drops in first quarter; labor costs jump
WASHINGTON (Reuters) – U.S. worker productivity fell more than expected in the first quarter after growing in the second half…
TenneT sale talks slow as Germany, Netherlands differ on price, offshore
By Toby Sterling, Christoph Steitz and Markus Wacket AMSTERDAM/BERLIN (Reuters) – Talks on a planned sale of Dutch state-owned electricity…
Instant View: ECB delivers seventh consecutive rate hike
LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its…
Adecco sales top forecast as corporate Europe hires temps
By Andrey Sychev (Reuters) -Adecco Group beat first-quarter sales expectations on Thursday as companies turned to temporary workers after laying…
Euro zone bond yields and euro fall after ECB hikes rates
LONDON (Reuters) – Euro zone government bond yields fell along with the euro on Thursday after the European Central Bank…
Australia budget to trim forecast for cost of servicing debt for next three years
By Lewis Jackson SYDNEY (Reuters) – Australia has lowered its forecast for the cost of servicing government debt over the…