NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59…
U.S. execs sound a note of caution even as earnings outstrip estimates
By Bianca Flowers and Joseph White CHICAGO/DETROIT (Reuters) -The companies that produce goods at the heart of the U.S. consumer…
Tesla considering plant near Mexico City’s new airport, Mexican official says
By Diego Oré MEXICO CITY (Reuters) – Electric carmaker Tesla Inc is considering setting up an assembly plant near a…
Euro zone economy unexpectedly grows in Q4 but weak 2023 looms
By Balazs Koranyi FRANKFURT (Reuters) -The euro zone eked out growth in the final three months of 2022, managing to…
UPS beats quarterly profit target, poised for ‘cloudy’ 2023
By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday said it would shelter 2023 profits from…
Investors cheer after UniCredit lifts payout goal by 40%
By Valentina Za MILAN (Reuters) – UniCredit on Tuesday galvanised investors by pledging to return 5.25 billion euros ($5.69 billion)…
Stellantis focused on ethanol hybrid vehicles in South America, executive says
SAO PAULO (Reuters) -Stellantis NV expects to have in place by the end of this year the technologies needed for…
Volkswagen considering battery cell factory in Ontario -Handelsblatt
BERLIN (Reuters) -Volkswagen is looking at setting up a battery cell factory in Ontario, Germany’s Handelsblatt business daily reported on…
McDonald’s sales, profit top estimates as inflation persists
By Hilary Russ and Ananya Mariam Rajesh (Reuters) -Higher menu prices and customer visits boosted McDonald’s Corp quarterly profit and…
Airbus and Qatar edge towards agreement in A350 dispute – sources
By Tim Hepher and Michel Rose PARIS (Reuters) – Airbus and Qatar Airways are edging towards an agreement to settle…