Business

German automakers hit by sharp China sales drop in second quarter

Friday, July 10 by SRN News

By Rachel More BERLIN, July 10 (Reuters) - German carmakers' sales collapsed further in China during the second quarter, as a protracted slowdown in the world's biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz and... Read More.

Baker Hughes wins conditional EU nod for $13.6 billion Chart deal

Friday, July 10 by SRN News

By Foo Yun Chee BRUSSELS, July 10 (Reuters) - U.S. oilfield services firm Baker Hughes BKR.O secured EU antitrust approval on Friday for its $13.6 billion acquisition of Chart Industries GTLS.N after agreeing to sell a Chart business. Baker Hughes announced the deal in... Read More.

Shopify tells users to remove vapes from online stores

Friday, July 10 by SRN News

By Emma Rumney LONDON, July 10 (Reuters) - Shopify has told customers using its web-hosting services to remove vape products from their online stores, according to a notice seen by Reuters and confirmed by the company on Friday. Reuters reported in June that the Ottawa-based... Read More.

Fed report cites ‘stepped-up’ inflation

Friday, July 10 by SRN News

By Howard Schneider and Ann Saphir WASHINGTON, July 10 (Reuters) - U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, energy costs driven higher by conflict in the Middle East, and the booming buildout of artificial intelligence technology boosted price pressures... Read More.

U.S. equity funds draw biggest weekly inflow in three weeks on tech earnings hopes

Friday, July 10 by SRN News

July 10 (Reuters) - U.S. equity funds attracted their largest weekly inflow in three weeks in the week to July 8, as upbeat earnings expectations for the technology sector and easing concerns over Federal Reserve rate hikes bolstered demand. Investors poured a net $24.97 billion... Read More.

Wall St opens steady ahead of SK Hynix listing; Middle East in focus

Friday, July 10 by SRN News

July 10 (Reuters) - Wall Street indexes steadied at open on Friday, as investors awaited the highly anticipated Nasdaq debut of South Korean chip bellwether SK Hynix, while the latest escalations in the Middle East conflict fanned fears of inflation. The Dow Jones Industrial Average... Read More.

South Korea, Taiwan lead $46 billion emerging market equity exodus in June

Friday, July 10 by SRN News

By Libby George LONDON, July 10 (Reuters) - A sharp retreat from tech-heavy equities in South Korea and Taiwan fuelled net emerging market stock outflows of $46.1 billion from foreign investor portfolios in June, banking trade group data showed, contributing to a second straight month... Read More.

Global equity fund inflows surge to three-week high on AI optimism

Friday, July 10 by SRN News

July 10 (Reuters) - Global equity funds attracted their largest weekly inflow in three weeks in the week to July 8, as strong demand for AI-linked technology products and cooling expectations for Federal Reserve rate hikes boosted risk appetite. Global equity funds drew a net... Read More.

Campari fights Aperol copycats as rivals chase growing spritz market

Friday, July 10 by SRN News

By Elisa Anzolin MILAN, July 10 (Reuters) - Campari is stepping up efforts to defend Aperol, the driving force behind its growth in recent years, as copycat spritzes and rival aperitifs vie for a slice of the booming market. At home in Italy, where competition is... Read More.

Factbox-Who is on Fed chief Warsh’s review taskforces?

Friday, July 10 by SRN News

July 10 (Reuters) - Federal Reserve Chairman Kevin Warsh on Thursday announced those he has tapped to lead a sweeping review of how the U.S. central bank conducts its policy operations. Here's a short take on each of the 13 men and two women set... Read More.

Current Weather

German automakers hit by sharp China sales drop in second quarter

Baker Hughes wins conditional EU nod for $13.6 billion Chart deal

Shopify tells users to remove vapes from online stores

Fed report cites ‘stepped-up’ inflation

U.S. equity funds draw biggest weekly inflow in three weeks on tech earnings hopes

Wall St opens steady ahead of SK Hynix listing; Middle East in focus

South Korea, Taiwan lead $46 billion emerging market equity exodus in June

Global equity fund inflows surge to three-week high on AI optimism

Campari fights Aperol copycats as rivals chase growing spritz market

Factbox-Who is on Fed chief Warsh’s review taskforces?

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