Business
Hermes beats forecasts on robust growth in China, U.S.
By Mimosa Spencer and Ingrid Melander PARIS (Reuters) – Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in…
Business
Goldman Sachs now expects three more Fed rate hikes in 2023
By Aniruddha Ghosh and Siddarth S (Reuters) – Goldman Sachs said it was expecting the U.S. Federal Reserve to raise interest rates…
Business
China’s Lenovo posts worst revenue fall in 14 years as PC demand slumps
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its largest…
Business
Bailed-out gas trader Uniper flags recovery after ‘watershed year’
By Christoph Steitz, Tom Käckenhoff and Vera Eckert FRANKFURT/DUESSELDORF (Reuters) -Germany’s Uniper expects profits to recover this year from a 19.1 billion…
Business
Russian government approves sale of IKEA factories – deputy minister
MOSCOW (Reuters) – A Russian government commission has approved the sale of Swedish furniture maker IKEA’s factories in Russia to two local…
Business
Tesla to open U.S. charging network to rivals in $7.5 billion federal program -White House
By Hyunjoo Jin and Jarrett Renshaw SAN FRANCISCO (Reuters) – Tesla Inc will open part of its U.S. charging network to electric…
Business
Barclays tightens lending for dirtiest fossil fuels
By Tommy Wilkes LONDON (Reuters) – Barclays on Wednesday said it was tightening lending criteria for coal power and would stop financing…
Business
China says U.S. balloons flew over Xinjiang, Tibet, warns of countermeasures
By Liz Lee BEIJING (Reuters) -China said on Wednesday that U.S. high altitude balloons flew over its Xinjiang and Tibet regions, and…
Business
Resurgent China will drive 2023 oil demand but deficit could loom -IEA
By Noah Browning LONDON (Reuters) – China will make up nearly half of this year’s oil demand growth after it relaxed its…
Business
Glencore hands $7.1 billion to shareholders after record profit
By Clara Denina and Helen Reid LONDON (Reuters) -Glencore announced a payout of $7.1 billion to its investors on Wednesday, as high…