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Billionaire Lo weighs adding to Formula One investments after Williams
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Nokian Tyres plunges into the red as Russia exit weighs
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Turkey says ship carrying first Ukrainian grain on track for safe arrival
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Wind turbine maker Siemens Gamesa makes deeper cuts to profit view
Purplebricks slumps to annual loss, shares tumble
Date: August 2, 2022
By Aby Jose Koilparambil and Yadarisa Shabong (Reuters) -Purplebricks on Tuesday reported an annual loss as Britain’s biggest online-only estate agency struggled with implementing a new operating model and faced a challenging housing market, sending its shares down more than 10%. The UK housing industry, which fared strongly during the pandemic due to government support...
Semiconductor stocks under pressure as Taiwan tensions mount
Date: August 2, 2022
(Reuters) – Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing. China views the visit by Pelosi, second in the line of succession to the U.S. presidency and...
Stocks and bond yields slip on U.S.-China tensions
Date: August 2, 2022
By Tom Wilson LONDON (Reuters) – Stocks slipped and bond yields fell on Tuesday on worries a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which Beijing claims...
EU Commission agrees to extend sale deadline for Monte dei Paschi
Date: August 2, 2022
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -The European Commission on Tuesday approved revised restructuring targets for Italian bank Monte dei Paschi di Siena (MPS) and a new deadline for the government to sell its controlling stake. Italy owns 64% of MPS following a 2017 rescue that cost taxpayers 5.4 billion euros. Rome is...
Toyota unit falsified emissions data from at least 2003, probe finds
Date: August 2, 2022
By Satoshi Sugiyama TOKYO (Reuters) -A major affiliate of Japan’s Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed on Tuesday. The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on...
Analysis: U.S. banks face trillion-dollar reverse repo headache
Date: August 2, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The trillions of dollars in overnight cash tucked away daily at the Federal Reserve could turn into a major headache for banks that could squeeze their balance sheets and impair their ability to lend. The Fed’s reverse repurchase facility (RRP) has attracted a wide array of market participants,...