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A man walks past the Intel logo at its booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023.

Intel falls as weak PC chip demand hurts second-quarter forecast

Reuters |Updated 36 minutes ago |2 min read

(Reuters) - Intel shares slumped more than 7% premarket on Friday after a downbeat second-quarter sales forecast signaled that the boom in AI technology was diverting enterprise spending away from its traditional data center and PC chips. The ...

A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia".

Russian central bank holds rates at 16%, raises inflation forecast

Alexander Marrow, Elena Fabrichnaya |Updated 39 minutes ago |2 min read

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) - Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may ...

An office building with Aon logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020.

Aon first-quarter profit grows on gains from investments, funds

Reuters |Updated 40 minutes ago |2 min read

(Reuters) - Aon reported a rise in first-quarter profit on Friday, powered by increases in interest earned from investments as well as funds held in a fiduciary capacity. Interest income rose nearly six times to $28 million in the first quarter ...

A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020.

China's Shein set to face tougher EU online rules

Reuters |Updated 41 minutes ago |1 min read

BRUSSELS (Reuters) - The European Union designated Chinese-founded fast-fashion company Shein as a very large online platform (VLOP) after it reported a huge number of users, the EU said in a statement on Friday. Companies with more than 45 ...

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Beer can maker Ball Corp lags sales estimates on slowing demand

Reuters |Updated 46 minutes ago |1 min read

(Reuters) - Beer can maker Ball Corp missed quarterly sales expectations on Friday, hit by lagging demand for its beverage cans as customers become more frugal in their spending. The world's largest supplier of beer cans is navigating a complex ...

A sign showing the name of German truck maker Daimler is pictured at the IAA truck show in Hanover, September 22,  2016.

Daimler Truck faces imminent strike by over 7,300 US workers

Nathan Gomes |Updated 49 minutes ago |2 min read

By Nathan Gomes (Reuters) - Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The ...

The Exxon Mobil Corp building is pictured in Georgetown, Guyana February 18, 2022.

Exxon misses on Q1 profit despite big gains in Guyana

Sabrina Valle |Updated just now |3 min read

By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil ...

A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023.

Chevron reports Q1 profit beat

Reuters |Updated just now |1 min read

(Reuters) - Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices. The company, which is in the process of acquiring Hess Corp in a $53 billion ...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024.

Futures climb as Alphabet, Microsoft results lift megacaps

Reuters |Updated 1 hour ago |3 min read

(Reuters) - U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.S. monetary ...

A drone view shows BYD electric vehicles (EV) before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, China April 25, 2024. China Daily via

Why BYD's EV exports sell for twice the China price

Ben Klayman, Nick Carey |Updated 1 hour ago |6 min read

By Nick Carey and Ben Klayman LONDON (Reuters) - U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China's top EV maker, BYD, has ...

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