Reuters | September 26, 2023
By David Shepardson (Reuters) -Ford Motor said on Sunday that despite progress in some areas, it still has “significant gaps to close” on key economic issues before it can reach a new labor agreement with the United Auto Workers union. The “issues are interconnected and must work within an overall agreement that supports our mutual […]
Reuters | September 8, 2023
By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2% in August from the same month a year ago to 1.94 million […]
Reuters | September 1, 2023
By Lucy Raitano and Danilo Masoni LONDON (Reuters) -Danish drugmaker Novo Nordisk unseated LVMH as Europe’s most valuable listed company on Friday, ending the French luxury group’s 2-1/2 year-long reign at the top. LVMH, the world’s biggest luxury retailer, has been hurt by growing concerns about the outlook for the Chinese economy. Novo is meanwhile […]
Reuters | August 21, 2023
By Chavi Mehta (Reuters) -Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its […]
Reuters | August 21, 2023
By Brendan Pierson (Reuters) – Boehringer Ingelheim sued the U.S. government in an attempt to block a program that gives the Medicare health insurance plan the power to negotiate lower drug prices, joining other drugmakers and business groups claiming that it would stifle development of new medicines. In a complaint filed on Friday in federal […]
Reuters | August 18, 2023
By Clare Jim, Jonathan Stempel and Dietrich Knauth HONG KONG/NEW YORK (Reuters) – Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening economy. China unexpectedly lowered several key interest […]
Reuters | August 18, 2023
(Reuters) – Embattled property developer China Evergrande Group said on Friday its application to the U.S. Court for bankruptcy protection is a normal procedure for offshore debt restructuring and does not involve a bankruptcy petition. The company clarified that its U.S. dollar-denominated notes are governed by New York law and it has applied to the […]
Reuters | August 15, 2023
(Reuters) – Hollywood’s striking writers and major studios have agreed to hold talks on Friday for the first time since their strike began over higher pay demands in May, the Writers Guild of America (WGA) said on Tuesday. The Alliance of Motion Picture and Television Producers (AMPTP), reached out to the WGA and requested for […]
Reuters | August 14, 2023
(Reuters) -As the world’s central banks near the end of what has felt like a relentless string of interest rate rises, investors are taking a close look at how consumers and businesses are dealing with some of the tightest credit conditions in over a decade. China’s post-COVID bounce doesn’t seem to have happened, while, in […]
Reuters | August 10, 2023
By David French (Reuters) – Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline […]