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Fresenius Medical shares at 12-year low as labour costs weigh on profit
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Biden begins fifth call with China’s Xi, looking to tamp down Taiwan tension
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Supply disruptions cloud aerospace outlook after solid first half
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Anglo American cuts dividend as inflation, extreme weather erode earnings
‘I want to breed horses, not camels’: Hungarian farmers battle ‘historic’ drought
Date: July 28, 2022
By Anita Komuves JASZSZENTLASZLO, Hungary (Reuters) – Andras Eordogh admiringly watches his dozen foals as they frolic and kick up dust on his farm in the scorching summer heat and laments that he will have to sell most of them because of the changing climate in this rural southeast corner of Hungary. The gently-spoken, 66-year-old...
Shares take a breather after Fed rally, dollar slides on yen
Date: July 28, 2022
By Marc Jones LONDON (Reuters) – World shares consolidated a six-week high on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, a shift in tone that comforted bond markets but sent the dollar to a three-week low against the yen. Europe gained as record-busting $11.5 billion profits from oil...
Positive ESG performance improves returns globally, research shows
Date: July 28, 2022
By Cole Horton and Simon Jessop NEW YORK (Reuters) – Stock funds outperformed across global markets over the last five years if they were weighted toward companies with positive environmental, social and governance (ESG) scores, research from sustainability data firm ESG Book shared exclusively with Reuters this month showed. ESG Book’s analysis of model portfolios...
Made in Britain: Broken supply lines drive manufacturing back home
Date: July 28, 2022
By Kate Holton BIRMINGHAM, England (Reuters) – In central England, birthplace of the industrial revolution, factories are buzzing anew, hammering out parts for cars, planes and medical machines that used to be made in Asia. After two years of global supply-chain disruption, and with dark clouds on the horizon, manufacturers around Britain’s second city of...
The global recession drum beat is getting louder
Date: July 28, 2022
By Sujata Rao, Dhara Ranasinghe and Vincent Flasseur LONDON (Reuters) – Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy is headed inexorably towards recession. It’s a risk U.S. Treasury Secretary Janet Yellen and European Central Bank chief Christine Lagarde have acknowledged even if neither...
STMicro expects chip factories to run at full steam until 2023
Date: July 28, 2022
By Mathieu Rosemain and Supantha Mukherjee PARIS/STOCKHOLM (Reuters) -STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker’s backlog is filled by the car and smartphone industries, prompting it to raise its 2022 outlook and build new production lines. The Franco-Italian group, whose top clients include iPhone maker Apple and...