By Victoria Waldersee BERLIN (Reuters) – Volkswagen said supply chain troubles were the new norm as it reported stagnated earnings…
Global equity funds receive inflows for first time in 10 weeks
(Reuters) – Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve…
Bank of England poised to raise rates by most in 33 years
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise borrowing costs by the most since…
Russian rouble strengthens as cenbank leaves key rate unchanged
MOSCOW (Reuters) -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to…
Norway’s wealth fund posts $43.5 billion Q3 loss
OSLO (Reuters) – Norway’s $1.15 trillion fund, the world’s largest, posted a loss of 449 billion Norwegian crowns ($43.47 billion)…
BYD posts 350% jump in Q3 net profit on sales surge
SHANGHAI (Reuters) -China’s biggest electric vehicle (EV) maker BYD said its third-quarter net profit jumped 350% from a year ago,…
Glencore set for record 2022 trading profit despite second-half fall
LONDON (Reuters) – Glencore expects second-half operating profit at its trading arm to fall sharply from the previous six months…
Japan unveils $200 billion in new spending to ease inflation pain
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan said on Friday it would spend $200 billion on an economic…
Chevron’s $11.2 billion quarterly profit soars past estimates
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts’ estimates,…
Shell’s outgoing CEO to get full-year salary as compensation for loss of office
(Reuters) – Shell’s outgoing Chief Executive Ben van Beurden will get one-year base salary of 1.42 million pounds ($1.64 million)…