By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) – Oil giant Saudi Aramco launched a $1.5…
Russia bans dealing in capital of 45 foreign-owned banks or banking units
MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units,…
Twitter shares drift towards Musk’s offer price as deadline looms
(Reuters) – Twitter Inc’s stock inched closer to Elon Musk’s $54.20 per share buyout offer for the micro-blogging site on…
Puma confirms full-year outlook, flags market volatility
By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by…
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001…
Investors increase their bets on a 100 basis-point BoE rate hike
LONDON (Reuters) – Investors increased their bets on the Bank of England raising its benchmark rate by a full percentage…
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
TOKYO (Reuters) – Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform…
Truck maker Volvo to build battery modules plant in Belgium
STOCKHOLM (Reuters) -Swedish truck maker Volvo Group said on Wednesday its plant in Ghent in Belgium would start to produce…