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Exclusive-Doordash held talks with UK’s Deliveroo on takeover, sources say
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Miner BHP’s carbon emissions to rise slightly this year
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Analysis-France may be next test of the euro’s foundations
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Oil ticks up on inventory drawdown outlook, Middle East risks
Lufthansa raises ticket prices to meet environmental requirements
Date: June 25, 2024
Lufthansa raises ticket prices to meet environmental requirements (Reuters) -Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro and 72 euros($1.07-$77.24) as environmental costs rise, the company said on Tuesday. The airline said the surcharge will “cover part of the steadily rising additional costs...
Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify
Date: June 25, 2024
Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify (Reuters) – Covestro, the German chemicals maker in talks to be acquired by ADNOC, on Tuesday launched an efficiency programme to cut 400 million euros ($429 million) in costs per year from end-2028. It also agreed with labour representatives to rule out forced...
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
Date: June 25, 2024
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows TOKYO (Reuters) – Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday. The world’s top-selling automaker sold 325.9 billion yen ($2.04 billion) worth of...
Oil prices steady as inflation worries limit summer demand optimism
Date: June 25, 2024
Oil prices steady as inflation worries limit summer demand optimism By Emily Chow SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors were cautious ahead of U.S. consumer price data even as expected summer demand increases supported the market. Brent futures for August settlement rose 5...
Asian shares subdued, yen hits record low versus euro
Date: June 25, 2024
Asian shares subdued, yen hits record low versus euro By Stella Qiu SYDNEY (Reuters) – Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the risk of intervention stemmed further weakness against the U.S. dollar. Treasuries were little changed as caution set in ahead of key...
China’s BYD launches third EV model in Japan
Date: June 25, 2024
China’s BYD launches third EV model in Japan TOKYO (Reuters) -China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model so far in a market where consumers have long favoured domestic brands. The Shenzhen-based automaker said it had started taking orders for its...