Siemens CEO says customers looking outside China for new investments
(Reuters) – Siemens (ETR:SIEGn) is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and…
Indian banks, indices fall on RBI’s surprise move; metals shine, defy market mood
Indian market indices declined on Thursday, led largely by banking and financial stocks, which witnessed a sell-off after the Reserve…
Hapag-Lloyd net profit dives 67% in H1, maintains outlook
(Reuters) – German container shipper Hapag-Lloyd on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first…
European stocks higher; quarterly earnings, U.S. inflation in focus
European stock markets traded higher Thursday, with investors digesting more corporate earnings ahead of the release of a key U.S.…
Natural gas hits key bullish $3 mark first time since Jan
Natural gas futures hit seven-month highs of above $3 per mmBtu, or million metric British thermal units, on Wednesday as…
US dollar dips as China deflation pulls investors into risk assets
(Reuters) – The U.S. dollar fell on Wednesday after data showed the Chinese economy slipped into deflation last month, which…
‘The clock is ticking’, UAW calls Stellantis contract ‘trash’
UAW union President Shawn Fain angrily discarded contract offers from Stellantis (NYSE:STLA) Tuesday as he discussed the extensive concessions that…
Honda records 2Q surge amid North American sales boost
Honda Motor (TYO:7267) (NYSE:HMC) announced Wednesday, a 78% surge in quarterly earnings, attributed to higher sales, particularly in North America.…
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.37%
Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Transport, Cement and Retail sectors led…
Italian banks recover after government caps windfall tax
(Reuters) -Italy’s government has capped the impact of a surprise windfall tax imposed on profits generated by the country’s banks,…