StanChart shares plummet on almost $1 billion hit from China exposure
(Reuters) – StanChart shares fell as much as 17% in London on Thursday before trading was temporarily halted, after it…
Price rises slow, but Unilever and others struggle to win shoppers back
(Reuters) – Packaged goods makers including Unilever (LON:ULVR) and Nestle disappointed investors with weak third-quarter sales volumes, but that could…
Factbox-Governments race to regulate AI tools
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws…
Ford, UAW reach tentative deal to end strike including record pay raise
(Reuters) -The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (NYSE:F), the first…
BNP Paribas posts in-line Q3 profits as trading declines
(Reuters) – BNP Paribas, the euro zone’s biggest bank, posted in-line quarterly results on Thursday, as a jump in corporate…
European stocks slide on disappointing Q3 results, erasing 2023 gains
European stocks, including the Stoxx 600 benchmark, experienced significant declines on Thursday, nearing the point of wiping out all gains…
Hyundai sticks to EV rollout plans, sees solid growth this year
(Reuters) – Hyundai Motor (OTC:HYMTF) said on Thursday it would not delay plans to roll out new electric vehicles and…
Explainer-Vietnam’s real estate woes: how much worse can they get?
(Reuters) – A rough year for Vietnam’s real estate sector has seen developers miss interest payments on debt, amid a…
ExxonMobil and Chevron secure future with strategic acquisitions
ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) have made strategic acquisitions of Pioneer Natural Resources (NYSE:PXD) and Hess Corporation (NYSE:HES) respectively, in…
EU’s Breton confirms investigations into three tech platforms, including X
(Reuters) – EU industry chief Thierry Breton has launched investigations into three tech platforms over content moderation decisions, including Elon…