Author: Reuters

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Geely's Volvo Cars warns on sales as supply woes dent output

Geely's Volvo Cars warns on sales as supply woes dent output

Geely's Volvo Cars warns on sales as supply woes dent output An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman STOCKHOLM, Sept 3 (Reuters) – Sweden-based automaker Volvo Car Group warned on Friday that sales volumes in the second half...

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Euro zone business activity strong in Aug but supply issues weighed-PMI

Euro zone business activity strong in Aug but supply issues weighed-PMI

Euro zone business activity strong in Aug but supply issues weighed-PMI A steel worker of Germany’s industrial conglomerate ThyssenKrupp AG stands a mid of emitting sparks of raw iron from a blast furnace at Germany’s largest steel factory in Duisburg, Germany. REUTERS/Wolfgang Rattay/File Photo LONDON, Sept 3 (Reuters) – Euro zone business activity remained strong...

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German services sector drives growth as recovery persists- PMI

German services sector drives growth as recovery persists- PMI

German services sector drives growth as recovery persists- PMI A general view shows the restaurant of hotel castle Elmau in Kruen near the southern Bavarian resort of Garmisch-Partenkirchen March 25, 2014. REUTERS/Michaela Rehle BERLIN, Sept 3 (Reuters) – Activity in Germany’s services sector expanded at a strong pace in August, albeit slightly weaker than in...

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European stocks slip ahead of PMI, U.S. jobs data

European stocks slip ahead of PMI, U.S. jobs data

European stocks slip ahead of PMI, U.S. jobs data The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 2, 2021. REUTERS/Staff Sept 3 (Reuters) – European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about...

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China's new stock exchange plans fuel fears of a bourse war

China's new stock exchange plans fuel fears of a bourse war

China's new stock exchange plans fuel fears of a bourse war Chinese President Xi Jinping attends a welcoming ceremony for Greek President Prokopis Pavlopoulos outside the Great Hall of the People, in Beijing, China May 14, 2019. REUTERS/Jason Lee SHANGHAI, Sept 3 (Reuters) – China’s plans to launch a new exchange in Beijing, announced by...

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Norway set for rate hike as economy accelerates, statistics agency says

Norway set for rate hike as economy accelerates, statistics agency says

Norway set for rate hike as economy accelerates, statistics agency says People shop in the world’s most northern supermarket in the town of Longyearbyen in Svalbard, Norway, August 6, 2019. REUTERS/Hannah McKay OSLO, Sept 3 (Reuters) – The Norwegian economy is set to grow rapidly in the next several years as it recovers from the...

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Covestro to cut up to 10% of jobs worldwide -paper

Covestro to cut up to 10% of jobs worldwide -paper

Covestro to cut up to 10% of jobs worldwide -paper The logo of German chemicals maker Covestro is pictured outside its headquarters in Leverkusen, Germany, July 26, 2019. REUTERS/Wolfgang Rattay/File Photo Sept 3 (Reuters) – German chemicals maker Covestro (1COV.DE) plans to cut up to 1,700 of its 16,500 jobs worldwide, the Rheinische Post newspaper...

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Uneven recovery for U.S. offshore energy production after Ida

Uneven recovery for U.S. offshore energy production after Ida

Uneven recovery for U.S. offshore energy production after Ida The Shell Norco manufacturing facility is flooded after Hurricane Ida pummeled Norco, Louisiana, U.S., August 30, 2021. REUTERS/Devika Krishna Kumar/File Photo Sept 3 (Reuters) – U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as...

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EXCLUSIVE U.S. funding tapped for Pacific undersea cable after China rebuffed

EXCLUSIVE U.S. funding tapped for Pacific undersea cable after China rebuffed

EXCLUSIVE U.S. funding tapped for Pacific undersea cable after China rebuffed Federated States of Micronesia to tap $14mln U.S. funding U.S. raised concerns over prior Chinese bid for cable project Pacific undersea cables a new front in China and U.S. rivalry Australia has ramped up Pacific presence with funding facility SYDNEY, Sept 3 (Reuters) –...

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Japanese shares gain on Suga's resignation as markets look to U.S. jobs data

Japanese shares gain on Suga's resignation as markets look to U.S. jobs data

Japanese shares gain on Suga's resignation as markets look to U.S. jobs data A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov HONG KONG, Sept 3 (Reuters) – Japanese shares jumped...