PARIS (Reuters) – Oil major Shell and state-owned Chinese energy company CGN on Tuesday said that they would drop their…
Home Depot gives ‘mixed signals’ with quarterly beat, dim holiday view
By Deborah Mary Sophia (Reuters) – Home Depot Inc tapped higher prices to override a drop in customer transactions for…
Slowed producer prices another plus for Fed’s inflation fight
By Howard Schneider WASHINGTON (Reuters) – Prices paid by U.S. businesses rose less than expected in October with some key…
More chip production needed in Europe, Infineon CEO says
By Christina Amann MUNICH (Reuters) – Infineon Technologies AG Chief Executive Jochen Hanebeck supports contract manufacturers building more chip factories…
Fed’s Harker: better to pause rate hikes at the right time than risk overtightening
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive…
Germany completes Wilhelmshaven floating LNG terminal, more to come
By Vera Eckert FRANKFURT (Reuters) -Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG)…
Oct PPI adds to relief over cooling US inflation
NEW YORK (Reuters) – U.S. producer prices increased less than expected in October, further evidence that inflation was starting to…
Fed focused on addressing ‘much too high’ inflation: Cook
By Ann Saphir (Reuters) – Federal Reserve Governor Lisa Cook on Tuesday said the U.S. central bank is focused on…
China’s BYD scraps IPO plan for semiconductor unit
HONG KONG (Reuters) -Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit…
Vodafone cuts outlook and seeks cost savings as economic woes mount
By Paul Sandle LONDON (Reuters) -Vodafone cut its full-year cashflow forecast and lowered earnings guidance on Tuesday, reflecting soaring energy…