(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is saying something and markets might finally be starting to listen. Tuesday’s plethora of Fed-speak echoed recent rumblings from the central bank. Interest rates are staying high and could go even higher. Chicago Federal Reserve President…
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street Journal reported on Wednesday, citing people close to the company. (Reporting by Sheena K Thomas)
FRANKFURT (Reuters) – Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing the euro. Overall price growth accelerated to 7.0% in April from 6.9% a month earlier, as rising services and energy costs offset a slowdown in food price growth….
FRANKFURT (Reuters) – The European Central Bank said on Wednesday it is looking for a new top bank supervisor to succeed Andrea Enria when his term runs out at the end of the year. Candidates to the role of chair of the ECB’s Supervisory Board, the most senior banking watchdog for the euro zone, must…
By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The maker of products ranging from trains and industrial software was in confident mood, boosted by its enormous order book which continued to expand, and a…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japan’s economy emerged from recession and grew faster than expected in the first quarter as a post-COVID consumption rebound offset global headwinds, shoring up hopes for a sustained recovery. But mounting signs of a slowdown in U.S., European and Chinese growth cloud the outlook for the…
By Phuong Nguyen HANOI (Reuters) -Vietnam’s VinFast expects to sell as many as 50,000 electric vehicles (EVs) this year, an almost seven-fold increase over 2022 as it ramps up exports to North America and starts shipping to Europe, the company’s founder said on Wednesday. VinFast could hit break even as soon as the end of…
(Reuters) -Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform. It was the first time Yaccarino has spoken publicly since the news broke Thursday that she…
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday that its net profit nearly doubled in the first quarter in a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion)…
SHANGHAI/BEIJING (Reuters) – BYD Co Ltd may be China’s biggest electric vehicle maker by a country mile but it knows it lags rivals in autonomous driving, and has set up a new division and embarked on a huge hiring spree to rectify that shortcoming. Between 4,000 and 5,000 software engineers have been hired recently, BYD…
