By Aradhana Aravindan and Eric M. Johnson SINGAPORE/SEATTLE (Reuters) – Supply chain shortages and wage inflation are at the top of a list of concerns for aerospace companies attending a depleted Singapore Airshow amid tight health controls this week. Across aerospace, the suppliers that feed Boeing and Airbus factories are facing an acute shortage of…
MOSCOW (AP) — While the U.S. warns that Russia could invade Ukraine any day, the drumbeat of war is all but unheard in Moscow, where pundits and ordinary people alike don’t expect President Vladimir Putin to launch an attack on its ex-Soviet neighbor. The Kremlin has cast the U.S. warnings of an imminent attack as…
By Nick Carey and Ben Klayman FARNHAM, England (Reuters) – As traditional automakers prepare to churn out electric vans and trucks, startups are focused more than ever on finding a competitive or technological edge to stay on the road once their bigger rivals start moving through the gears. Spurred on by looming bans on combustion…
TOKYO (AP) — Asian shares rose Wednesday, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine. But analysts warned the tensions were far from completely resolved, and the situation remains volatile. “In short, provided we get a further pause in geopolitics, we might be able to focus on worrying data…
AMSTERDAM (Reuters) – Dutch specialty chemicals maker DSM on Tuesday beat analyst expectations with a 13% jump in fourth-quarter core profit to 440 million euros ($497.95 million), as demand for its nutritional products remained strong despite higher prices. Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes, depreciation and amortisation…
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Tuesday as investors scooped up profits from the previous day’s rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses. Brent crude futures were at $96.04 a barrel by 0540 GMT,…
By Alun John HONG KONG (Reuters) – The euro edged up a little in Asian trading, but was still nursing bruises after two sessions of sharp losses as tensions in Eastern Europe pushed demand for the dollar and the safe-haven yen. Central bank policy was also top of mind for investors as the Bank of…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with U.S. Securities and Exchange Commission (SEC) showed on Monday. The donation was worth $5.74 billion, based on the…
By Tom Westbrook and Harish Sridharan SINGAPORE/BENGALURU (Reuters) – The Chinese yuan’s recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which could leave regional peers exposed especially as U.S. interest rates start to rise. A steady yuan, along with robust exports and currency reserves, has…
By Gram Slattery and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday. Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from…
