By Diana Mandia (Reuters) -Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies…
Tesla closes its first showroom in China in retail strategy shift – sources
SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described…
Yum Brands beats sales estimates as customers flock to KFC, Taco Bell
(Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as its value-oriented offerings at KFC…
Asian equities receive meagre inflows in October amid recession worries
By Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and…
AMD shares rise as chipmaker sees data center strength cushioning PC slowdown
(Reuters) – Chipmaker Advanced Micro Devices Inc snatched more share in the lucrative data center market from rival Intel Corp…
Paramount misses revenue estimates on ad weakness
(Reuters) – Paramount Global fell short of analysts’ estimates for quarterly revenue on Wednesday, as the media and entertainment company…
Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
By Selena Li, Kane Wu and Xie Yu HONG KONG (Reuters) – Hong Kong and Chinese officials on Wednesday touted…
Drillers ask U.S. to exempt smallest wells from looming methane rule
By Valerie Volcovici and Nichola Groom WASHINGTON (Reuters) – Oil and gas companies have asked the Biden administration to exempt…
COVID, Ukraine war cost German economy 420 billion euros – study
BERLIN (Reuters) – The COVID-19 pandemic and the war in Ukraine collectively cost the German economy 420 billion euros ($415.38…
Moody’s cuts outlook for European banks, including Germany’s, on credit woes
By Tom Sims FRANKFURT (Reuters) -Global credit ratings agency Moody’s downgraded its outlook for banks in Germany, Italy and four…