Today: May 09, 2024
Today: May 09, 2024

Business

Brembo Q1 operating profit rises on record sales

Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter.

Brembo Q1 operating profit rises on record sales

Oil recovers on US crude storage draw, rise in China imports

By Paul Carsten and Deep Kaushik Vakil LONDON (Reuters) -Oil prices rose on Thursday as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the

Oil recovers on US crude storage draw, rise in China imports

Analysis-Bear market for diesel spells fresh troubles for oil

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern

Analysis-Bear market for diesel spells fresh troubles for oil

Robinhood shares gain as retail trading rebound powers record quarter

By Manya Saini (Reuters) -Robinhood Markets rose in morning trade on Thursday after reporting record first-quarter revenue and profit thanks to mom-and-pop investors returning to its commission-free

Robinhood shares gain as retail trading rebound powers record quarter

Brazil's Eletrobras net income down 19% in Q1; shares fall

SAO PAULO (Reuters) -Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed transmission

Brazil's Eletrobras net income down 19% in Q1; shares fall

Futures dip as bond yields extend gains ahead of jobless claims data

(Fixes typo in headline) By Sruthi Shankar and Shristi Achar A (Reuters) -U.S. stock index futures slipped on Thursday as Treasury yields extended gains ahead of jobless claims data that is expected

Futures dip as bond yields extend gains ahead of jobless claims data

Stocks consolidate record highs, pound ground down by BoE

World stocks took a breather on Thursday after a strong few weeks, while the pound lost ground as the Bank of England edged towards rate cuts and a swooning Japanese

Stocks consolidate record highs, pound ground down by BoE

Exclusive-Activist Ancora poised to win some board seats at Norfolk Southern, sources say

By Svea Herbst-Bayliss (Reuters) -Activist hedge fund Ancora Holdings has secured enough support from Norfolk Southern shareholders to win some seats on the U.S. railway operator's board of directors,

Exclusive-Activist Ancora poised to win some board seats at Norfolk Southern, sources say

Trulieve Cannabis' quarterly loss narrows on demand boost

Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.

Trulieve Cannabis' quarterly loss narrows on demand boost

Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the

Airbnb slumps as gloomy forecast fans slowdown fears

India inflation likely slipped in April: Reuters poll

India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists

India inflation likely slipped in April: Reuters poll

Morning Bid: Bank of England to test cut assumptions

A look at the day ahead in European and global markets from Tom Westbrook The Bank of England is not expected to move interest rates today.

Morning Bid: Bank of England to test cut assumptions

Music streaming firms urge European Commission to reject Apple's proposal in App Store case

A group that represents audio streaming firms including Spotify and France's Deezer in Europe has urged the European Commission to reject Apple's proposal in a music

Music streaming firms urge European Commission to reject Apple's proposal in App Store case

Japanese automaker Nissan reports 92% jump in profit as sales surge

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

Japanese automaker Nissan reports 92% jump in profit as sales surge

Nissan upbeat on annual profit despite challenges

By Daniel Leussink TOKYO (Reuters) -Japan's Nissan Motor expects to beat analyst estimates with a 5.5% rise in operating profit this fiscal year on higher global sales, it said on Thursday, while

Nissan upbeat on annual profit despite challenges

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

Europe's STOXX 600 pauses after recent rally; BBVA weighs on Spain

By Ankika Biswas (Reuters) -Europe's benchmark index retreated on Thursday from a recent rally, with a handful of heavily weighted stocks trading ex-dividend, while shares of Spanish bank BBVA slumped

Europe's STOXX 600 pauses after recent rally; BBVA weighs on Spain

German unemployment rises more than expected, labour office says

The number of people out of work in Germany rose more than expected in April, Federal Labour Office figures showed on Tuesday.

German unemployment rises more than expected, labour office says

Bank of England likely to move closer to first rate cut since 2020

The Bank of England is likely to take another step towards its first interest rate cut in four years on Thursday as inflation falls, but will probably be

Bank of England likely to move closer to first rate cut since 2020

Exclusive-Huawei's new phone uses more China-made parts, memory chip

By David Kirton and Brenda Goh SHENZHEN/SHANGHAI (Reuters) -Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a

Exclusive-Huawei's new phone uses more China-made parts, memory chip

China April crude oil imports rise 5.45% on previous year

BEIJING (Reuters) -China's crude oil imports rose on the previous year in April, as refiners prepared for a fully recovered Labour Day holiday travel season, official data showed on Thursday.

China April crude oil imports rise 5.45% on previous year

Panama's president-elect vows to help fix canal water problems, build major train line

By Valentine Hilaire and Elida Moreno PANAMA CITY (Reuters) -Panama's president-elect, Jose Raul Mulino, said on Wednesday he will urge lawmakers to approve a law enabling the Panama Canal to build

Panama's president-elect vows to help fix canal water problems, build major train line

Two Chinese megacities lift home purchase curbs to attract buyers

Two Chinese provincial capitals lifted all home purchase restrictions on

Two Chinese megacities lift home purchase curbs to attract buyers

Swedish central bank to cut key rate this week, Reuters poll shows

Sweden's central bank will cut its key interest rate this week by a quarter percentage point to 3.75% and then continue to ease policy gradually through the year

Swedish central bank to cut key rate this week, Reuters poll shows

Union push pits the United Farm Workers against a major California agricultural business

A battle is underway in California between a unit of the Wonderful Co. and United Farm Workers over how a group of workers organized under a recently-enacted labor law

Union push pits the United Farm Workers against a major California agricultural business
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