By Alexander Marrow, Gleb Stolyarov and Anne Kauranen (Reuters) -The Kremlin said on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities. President Vladimir Putin late on Tuesday signed a decree placing the Russian assets of Finland’s…
By Dominique Vidalon PARIS (Reuters) -Danone, the world’s largest yoghurt-maker, raised its 2023 outlook on Wednesday after it managed to pass on increased costs through price rises and first-quarter sales growth was the fastest in a decade. Danone, which expects prices to peak this year and also anticipates productivity gains, kept its forecast for a…
By David Ljunggren (Reuters) – President Vladimir Putin on Tuesday signed a decree establishing temporary control of the Russian assets of two foreign energy firms, signaling Moscow could take similar action against other companies if need be. The decree – outlining possible retaliation if Russian assets abroad are seized – showed Moscow had already taken…
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower price tags for household goods. Rising expenses for everything from sunflower oil…
(Corrects spelling of TSI Semiconductors in the last paragraph) By Joseph White and Stephen Nellis DETROIT (Reuters) -Germany’s Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand U.S. production of silicon carbide chips for electric vehicles. Bosch and TSI did not disclose a purchase…
By Daniel Wiessner (Reuters) – Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. Managers at the Orlando repair shop illegally silenced workers in 2021 after some…
BEIJING (Reuters) – China’s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that hire college graduates or unemployed young people. The world’s second-largest economy reported better-than-expected growth in the first quarter after the lifting of stringent COVID-19 curbs, but the…
By Nivedita Balu and Aditya Soni (Reuters) – Microsoft Corp shares surged about 7% on Wednesday and lifted tech stocks after the company’s robust earnings eased fears of a slowdown in cloud computing and boosted confidence that artificial intelligence will become a major growth driver. The Redmond, Washington-based tech giant is set to add about…
By Jamie McGeever ORLANDO, Florida (Reuters) – For all the hullabaloo about the world weaning itself off the U.S. dollar, hard numbers show that both central banks and private sector institutions continue to increase their holdings of dollar-denominated bonds. Despite several recent reports of reserve diversification, “geo-economic” realignment and China’s move to lift usage…
By Chris Taylor NEW YORK (Reuters) – Here is a good rule of thumb for entrepreneurs: Opportunity does not always look like what you expect. In fact, sometimes it looks like its exact opposite. It might come in the form of a phone call famed sportscaster Rich Eisen got while at the Los Angeles airport…
