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 Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step…
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)…
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday. The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount…
BEIJING (Reuters) – China’s new home prices rose for the fourth straight month in April but at a slower pace, heightening fears that pent-up demand after the country’s economic reopening is fading. Economists say more policy stimulus may be needed to ensure the recovery stays on track after a batch of recent data showed imports…
By Moira Warburton WASHINGTON (Reuters) – Democratic U.S. Representative Robert Garcia on Tuesday started the process of forcing a vote on a motion to expel Republican George Santos, the congressman from New York facing federal charges of fraud, money laundering and theft of public funds. Two-thirds of the House of Representatives would have to vote…
By Michelle Nichols UNITED NATIONS (Reuters) – The extension of a deal allowing the safe Black Sea export of Ukrainian grain and fertilizers beyond May 18 hangs in the balance after Russia issued a list of demands linked to a related agreement on its own such exports. Here are details on the deals brokered by…
