market-conditions
Top StoriesJust Eat Misses on H1 Revenue, Maintains Profitability Forecasts
Top StoriesFactbox: Companies Cut Jobs, Freeze Hiring to Prepare for Economic Slowdown
Top StoriesU.S. Majors Exxon, Chevron Post Blowout Earnings, Ramp up Buybacks
Top StoriesNestle Raises Growth Outlook, Eyes Consumer Reaction to Price Hikes
Builder Skanska Flags Inflation Woes After Narrow Profit Beat
Date: July 21, 2022
STOCKHOLM (Reuters) -Skanska reported on Thursday a rise in second-quarter profit that was slightly bigger than expected, and said activity was high in the construction industry but inflation would remain challenging for the market. Operating profit at the Nordic region’s largest builder, and one of the biggest in the United States, came in at 2.40...
Europe Car Sales Lowest Since 1996 After 12-month Decline
Date: July 15, 2022
BERLIN (Reuters) -Europe registered the lowest number of new passenger cars in the month of June this year since 1996 at just over 1.06 million vehicles, with some carmakers seeing sales drop by nearly 50%, data from Europe’s automobile association showed on Friday. Volkswagen Group was the hardest-hit major carmaker with nearly a quarter less...
Analysis-Bear Market Puts ESG Investing to Its First Big Test
Date: July 13, 2022
By Cole Horton and Ross Kerber (Reuters) – Investing based on environmental, social, and corporate governance (ESG) principles became a $35 trillion industry on the back of a long run-up in stocks that lasted from 2009 until the start of this year. Investors now have to decide whether they will stick with it when making...
Renault First-Half Sales Volume Slumps 30% After Russia Exit
Date: July 12, 2022
By Gilles Guillaume PARIS (Reuters) -Car sales at Renault fell 30% in the first half of 2022 after the closure of its Russian operations, it said on Tuesday, one of the first Western carmakers to reveal the pain of losing the prized market in the wake of the Ukraine war. France’s Renault, the most exposed...
Crypto’s Latest Meltdown Leaves Punters Bruised and Bewildered
Date: June 21, 2022
By Tom Wilson, Elizabeth Howcroft, Nupur Anand and Ece Toksabay LONDON/MUMBAI/ANKARA (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius,...
Omv Takes Steps to Offset Schwechat Refinery Shortfalls
Date: June 10, 2022
BERLIN (Reuters) -Austrian oil and gas group OMV is implementing measures to make up for shortfalls at its Schwechat refinery after a mechanical incident damaged a crude oil distillation unit last week, it said on Friday. The measures, combined with the part of strategic fuel reserves Austria released after the incident, should be enough to...