China surprises with cuts to key rates to support weak economy
SHANGHAI (Reuters) -China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in eff..
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Xpeng, Volkswagen set up project house to roll out new EV architecture
(Reuters) -Chinese electric vehicle (EV) maker Xpeng has established project houses for engineers in partnership with German automaker..
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Aviation summit opens amid jet shortages, supply chain turbulence
Aviation summit opens amid jet shortages, supply chain turbulence By Joe Brock and Tim Hepher FARNBOROUGH, England (Reuters) – A..
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Dollar eases as Biden ends reelection bid; yuan steady after rate cut
By Kevin Buckland TOKYO (Reuters) – The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decis..
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CrowdStrike says significant number of outage-affected devices back up
(Reuters) – Cybersecurity firm CrowdStrike said on Sunday that a significant number of the 8.5 million Microsoft devices that we..
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France’s Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement
(Corrects July 18 story to say Ubisoft beat its own forecast but missed consensus for net bookings in headline and paragraphs 1..
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Electrolux swings to operating profit in Q2
STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating prof..
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Lift maker Schindler’s orders slip in Q2, weighed by China
By Louis van Boxel-Woolf and Bartosz Dabrowski (Reuters) -Swiss lift and escalator maker Schindler reported a slight decline in..
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Consumer goods makers weighed down by weak US and European sales
By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report we..
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Big central banks are starting to cut rates, slowly
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The move to ease monetary policy among major central banks is proving m..
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