(Refiles to add dropped word in first paragraph) By Josh Ye HONG KONG (Reuters) -China’s video game player population has grown to a record of 668 million, a government-run game industry association said on Thursday, as the world’s biggest gaming market returns to growth after a bruising crackdown. The number of gamers, which is accurate…
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement maker Cemex on Thursday posted a slight rise in second-quarter net profit, helped by double-digit price hikes and a strong peso. Net profit was $272 million, up 2% from a year ago, Cemex said, with revenue up 13% at $4.57 billion. The increased revenue was dragged down…
By Shivansh Tiwary (Reuters) -Southwest Airlines on Thursday warned of higher labor costs and softer pricing, fueling worries of a potential hit to its profit if strained household budgets slow down travel demand. The carrier’s shares fell 8.8% in morning trade, dragging down American Airlines, United Airlines and Delta Air between 1.3% and 1.6%. “We…
By Luis Jaime Acosta BOGOTA (Reuters) – Colombia’s state-owned airline Satena will invest $80 million to expand and modernize its fleet, with plans to buy short and medium-range aircraft able to land at smaller airports that are not accessible to larger planes, the airline’s boss said. Satena is eyeing purchases of eight new twin-engined planes…
By America Hernandez PARIS (Reuters) – French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results. “In Germany, to be clear, we are perfectly in line with our double-digit objective,” Pouyanne told analysts, referring…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -McDonald’s said on Thursday that revenue growth was expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices. Shares of the company were, however, up 1.5% in morning trading after the burger chain posted…
(Reuters) – President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in Russia, in retaliation against foreign moves against Russian companies abroad, and warned in April the Kremlin could seize more. Below is a list of the companies affected so far. CARLSBERG The Russian state took control…
WASHINGTON (Reuters) – U.S. bank regulators released a proposal Thursday that would direct the nation’s largest banks to raise their capital, arguing a larger cushion is needed to ensure stability. The proposal, if implemented, would raise capital an aggregate 16% for larger banks, and also apply several stricter rules to banks with over $100 billion…
By Victoria Waldersee BERLIN (Reuters) – German automaker Mercedes-Benz raised its earnings forecast on stronger orders, an improved supply chain and higher sales and said it would carry on combatting costs by hiking prices despite worries over inflation weighing on demand. “Will the price lever be as strong in the coming quarters? We will be…
By Victor Goury-Laffont and Gilles Guillaume (Reuters) – French car maker Renault on Thursday posted an operating margin of 7.6% for the first half year, its highest ever and already close to its 2025 target, helped by higher prices for new cars and by cost reductions. The company, whose brands include Alpine sports-cars and Dacia,…
