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Top StoriesExclusive – Uniper Could Swap Australian Lng for Atlantic Gas to Supply Europe Quicker
Top StoriesK+s Expects High Potash Prices to Offset Gas Shortage Hit, Maintains Outlook
Top StoriesAbn Amro’s Quarterly Profit Beats Estimates Despite Rising Costs
Top StoriesShares in British Asset Manager Abrdn Slide on Profit Miss
Rising Interest Rates Boost Legal & General-CEO
Date: August 9, 2022
By Carolyn Cohn LONDON (Reuters) -Rising interest rates are helping Legal & General’s business, its chief executive said on Tuesday as the British life insurer recorded an above-forecast 8% rise in first-half operating profit and said it was on track to meet or beat its financial goals. Markets have fallen this year as central banks...
Companies in China Distance Themselves From Taiwan Amid Pelosi Backlash
Date: August 8, 2022
By Eduardo Baptista BEIJING (Reuters) – From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week’s visit to the island by a high-profile U.S. official. China claims self-ruled Taiwan as its territory, and the visit by U.S. House...
Siemens Energy Blames Russia Restructuring for Wider 2022 Loss
Date: August 8, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline. The supplier of...
Taiwan Tensions Spill Over Into ASEAN Meetings This Week
Date: August 5, 2022
By David Brunnstrom and Narin Sun PHONM PENH (Reuters) – Tensions over developments in Taiwan overshadowed an Asian meeting of foreign ministers on Friday, diverting attention at a forum that had been expected to focus on efforts to end the crisis in Myanmar among other issues. The gathering of foreign ministers hosted by Southeast Asia’s...
Iran Nuclear Talks Resume With Both Sides Playing Down Prospects
Date: August 4, 2022
By Parisa Hafezi DUBAI (Reuters) -Indirect talks between Tehran and Washington resumed in Vienna with a meeting between Iran’s chief nuclear negotiator and the EU’s Enrique Mora, who coordinates the talks aimed at salvaging a 2015 nuclear deal, Iranian state media reported on Thursday. Both Tehran and Washington have played down the prospect of a...
Uber Turns Cash Flow Positive for the First Time in Bumper Quarter
Date: August 2, 2022
By Nivedita Balu (Reuters) – Uber Technologies Inc reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food. The company’s stock surged 15% to $28.2 and helped push shares of Lyft Inc by...