BorgWarner sees EV, hybrid parts business generate nearly half of sales by 2027
(Reuters) – Auto parts supplier BorgWarner on Tuesday forecast its electrified-vehicle business would generate about half of its total expected…
J M Smucker sees smaller decline in annual sales on higher prices, steady demand
(Reuters) – Jif peanut butter maker J M Smucker Co forecast a smaller-than-expected decline in annual revenue on Tuesday, betting…
Australia cenbank warns of more hikes ahead after raising rates to 11-yr high
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high,…
Exclusive-China’s state banks told to lower cap on dollar deposit rates -sources
SHANGHAI/BEIJING (Reuters) – In a rare attempt to bolster China’s yuan, a self-regulatory body overseen by the country’s central bank…
Subway inks deal for 4,000 new sandwich shops in China over next 20 years
By Hilary Russ NEW YORK (Reuters) – Subway reached an agreement with a master franchisee to open nearly 4,000 new…
Nestle trials giving cash to coffee farmers who grow beans sustainably
By Maytaal Angel LONDON (Reuters) – Nestle is piloting a scheme to give cash to coffee farmers who grow beans…
High inflation and recession risk – the Bank of England’s dilemma
By William Schomberg LONDON (Reuters) – The Bank of England is trying to curb an inflation rate that is running…
Russia’s McDonald’s heir growing quickly, in for the long haul
By Olga Popova MOSCOW (Reuters) – The successor to McDonald’s restaurants in Russia is growing faster than forecast, its owner…
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) – Volkswagen’s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,…
U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos poll
By Jason Lange WASHINGTON (Reuters) – Neither President Joe Biden’s Democrats nor Republicans in Congress emerged as a clear winner…