US Senator Rubio seeks probe of Ford’s Chinese partnership on nickel plant
By David Shepardson WASHINGTON (Reuters) -U.S. Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co’s…
Business
Kraft Heinz lifts profit outlook on price hikes, easing costs
By Aatrayee Chatterjee (Reuters) -Kraft Heinz Co raised its full-year profit forecast on Wednesday on the back of higher prices…
TSMC, partners plan to invest up to $11 billion in German fabrication plant -Bloomberg News
(Reuters) -Taiwan Semiconductor Manufacturing Co is in talks with partners to invest as much as 10 billion euros ($11.04 billion)…
Bunge quarterly profit tops estimates on strong demand; 2023 outlook unchanged
By Karl Plume and Sourasis Bose (Reuters) -Agricultural commodities trader Bunge Ltd beat Wall Street estimates for first-quarter profit on…
U.S. Treasury official says June 1 default scenario is ‘best estimate’ but variable
WASHINGTON (Reuters) – The U.S. Treasury’s estimate that it could run short of cash to satisfy all U.S. payment obligations…
Copper to drift higher, but struggle to rally: Reuters poll
By Eric Onstad and Ashitha Shivaprasad LONDON/BENGALURU (Reuters) – Copper prices are due to recover slightly in coming months, supported…
WWE quarterly revenue falls on delay in key event
(Reuters) -World Wrestling Entertainment Inc on Wednesday reported a drop in first-quarter revenue and operating income due to a delay…
U.S. services sector grows steadily in April -ISM survey
WASHINGTON (Reuters) – The U.S. services sector maintained a steady pace of growth in April as new orders increased amid…
Phillips 66 joins rivals to beat profit estimates as refining margins soar
By Arunima Kumar (Reuters) -U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit on Wednesday, joining rivals in…
Chesapeake Energy expects natural gas volatility to remain, could pull back on activity
By Liz Hampton DENVER (Reuters) -U.S. shale gas producer Chesapeake Energy on Wednesday said it anticipated volatility in natural gas…