Top Stories
Top Stories
Biotech stocks pin bounce back hopes on M&A boost
Top Stories
Automakers scramble to decode new U.S. EV tax credits
Top Stories
U.S. inflation outlook brightens as import prices fall, consumer sentiment rises
Top Stories
Irish house prices return to 2007 peak for first time
U.S., world stocks upbeat on Fed view
Date: August 12, 2022
By Carolyn Cohn LONDON (Reuters) – U.S. stock index futures were indicating a positive start to Wall Street on Friday and world stocks headed for a fourth straight week of gains as investors scaled back views on how far U.S. interest rates and inflation can climb. Oil lost some shine on Friday but has still...
Winter diesel shock looms as tanks dry up ahead of sanctions
Date: August 12, 2022
By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications for the continent’s industries and drivers in the run-up to EU sanctions on Russian crude oil and refined product supplies. Diesel, along with other distillate fuels such as heating...
China’s CATL to build $7.6 billion Hungary battery plant to supply Mercedes, BMW
Date: August 12, 2022
SHANGHAI (Reuters) -China’s CATL said on Friday it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe’s largest so far, as the world’s biggest electric vehicle battery maker gears up to meet growing demand from global automakers. CATL said that construction of the 100 GWh (gigawatt hours) plant in the eastern...
Dollar set for weekly fall as markets reassess Fed rate hike bets
Date: August 12, 2022
By Elizabeth Howcroft LONDON (Reuters) -The dollar rose on Friday but was still set for a weekly decline as traders looked for signs of U.S. inflation peaking. U.S. inflation figures on Wednesday and Thursday were lower than expected, boosting riskier assets such as equities and weakening the dollar, as markets interpreted the data as indicating...
UK’s Truss says energy firm profit is not evil as bill forecasts soar
Date: August 12, 2022
By William James and Susanna Twidale LONDON (Reuters) -British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be held to account their profits should not be seen as either dirty or evil. Her comments came as analysts forecast a cap on the most widely used household energy...
Drugmakers’ shares stabilise after Zantac litigation slump
Date: August 12, 2022
By Natalie Grover LONDON (Reuters) – Shares in GSK, Sanofi, Haleon and Pfizer began to recover on Friday after the companies said that nothing material had changed regarding U.S. litigation focused on heartburn drug Zantac. The companies’ share prices had fallen sharply this week on investor concern about the litigation over potential cancer-causing impurities that...