Reuters Financial News

06.09 / 23:04

Reuters Digital Cooper PayPal country Australian Australian regulator sues PayPal unit over unfair term in small business contracts

(Reuters) — Australia's securities regulator said on Thursday it will take PayPal (NASDAQ:PYPL)'s local arm to court alleging that the digital payments giant's standard contracts with small business customers contain an unfair term that could overlook errors in overcharging, burdening its clientele.

06.09 / 22:27

Provident Lowe's Reuters Extreme blues Marketmind: Brittle markets brace for China trade blues

By Jamie McGeever

06.09 / 19:31

COST Reuters Australian Australian lender NAB to cut over 200 back-office jobs - AFR

(Reuters) — National Australia Bank (OTC:NABZY) is planning to cut 222 jobs in the personal lending, technology, corporate finance and client coverage departments, the Australian Financial Review reported on Wednesday.

06.09 / 19:05

COST Target Reuters Manufacturing Strategy track Latin reform Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans

By Marcela Ayres and Bernardo Caram

06.09 / 18:25

UPS FIVE Reuters Manufacturing Temasek leads $140 mn funding in Ola Electric

₹784 crore in FY22, up from ₹199 crore in FY21. Its revenue rose from ₹86 lakh to ₹373 crore in the period. The company has not filed its FY23 financial statement yet, but a Reuters report on 28 July said Ola Electric has registered an operating loss of $136 million on a revenue of $335 million.

06.09 / 18:21

Reuters Ford UAW UAW plans to make contract counteroffer to Ford - source

(Reuters) — The United Auto Workers union on Wednesday plans to make a labor contract counterproposal on economic issues to Ford Motor (NYSE:F), a source told Reuters.

06.09 / 17:15

Reuters Thomson Reuters, Blackstone, others to sell $2.9 billion LSEG shares

(Reuters) — Investors in the London Stock Exchange Group (LON:LSEG), including Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI), are launching a sale of roughly 28.3 million shares worth about 2.3 billion pounds ($2.9 billion), bookrunners said on Wednesday.

06.09 / 16:49

UPS Lowe's Reuters Nov show Warning Dollar hits six-month peak after US data; weak yen draws warning

dollar ascended to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up steam last month amid higher new orders and businesses paying elevated prices, suggesting persistent inflation pressure. The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs. Data showed the Institute for Supply Management (ISM)'s non-manufacturing PMI rose to 54.5 last month, the highest reading since February and up from 52.7 in July.

06.09 / 16:29

COST UPS Provident Reuters Ripple Manufacturing Fighting Explainer Explainer-Why the US offshore wind industry is in the doldrums

By Scott DiSavino and Nerijus Adomaitis

06.09 / 15:39

UPS Reuters Cooper Volkswagen Mobile Audi Cooperation China's 'father of EVs' urges cooperation to scale up

MUNICH (Reuters) -China's industrial policy adviser and 'father of EVs' Wan Gang said efficient batteries, better EV architectures and intelligent driving systems were key to scaling up EVs, calling for international collaboration on research and standards.

06.09 / 15:39

COST UPS Reuters Volkswagen Racing show China's Xpeng says German carmakers ready to tackle crisis in EV race

MUNICH (Reuters) — German carmakers are determined to tackle the problems they face in producing competitive electric vehicles, an executive at Chinese EV maker Xpeng (NYSE:XPEV) said on Wednesday, as China's carmakers put pressure on European rivals in the race to electrify.

06.09 / 15:13

Reuters Aviat Align guidance Biden admin to delay aviation fuel subsidy guidance until December, sources say

Joe Biden's administration likely will delay until December a decision on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House's signature climate law, two sources familiar with the discussions said on Wednesday. The administration has been divided over the issue, which has prompted a fierce lobbying push from U.S. Farm Belt stakeholders that see sustainable aviation fuel (SAF) as crucial for the ethanol market's growth.

06.09 / 14:51

Reuters Cooper Fighting US to approach ICC to discuss allegations of war crimes against Vladimir Putin

Vladimir Putin. In March 2023, the International Criminal Court had issued an arrest warrant against Vladimir Putin accusing him of the war crime of illegally deporting hundreds of children from Ukraine. Russia has repeatedly denied its forces have engaged in war crimes, or forcibly taken Ukrainian children.

06.09 / 14:19

Reuters show First funding tranche for Verkor battery gigafactory near complete- co-founder

By Gilles Guillaume

06.09 / 14:19

COST UPS Reuters Manufacturing show services US services sector picked up in August, along with prices

(Reuters) — The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs — potential signs of still-elevated inflation pressures.

06.09 / 14:19

COST UPS Target Reuters Bank of Canada holds rates, says it could hike further if inflation persists

By Steve Scherer and David Ljunggren

06.09 / 13:49

Reuters Digital Manufacturing country Ather raises Rs 900 crore from Hero MotoCorp, Singapore’s GIC

Ather Energy on Wednesday said it had secured Rs 900 crore in funding from two-wheeler major Hero MotoCorp and Singaporean sovereign wealth fund GIC. Both investors are existing shareholders in Ather, with Hero MotoCorp already owning a 34.2% stake in the firm prior to the latest investment. Hero is also Ather’s largest shareholder, according to data from Tracxn.

06.09 / 13:47

Target FIVE BLOCK Reuters Digital show country NOT Xi missing G20 summit not unusual, countries working on consensus, India says

By YP Rajesh

06.09 / 13:17

Citi Reuters Progressive Action Chevron Corning track Exclusive-Biden administration moving to escalate energy trade dispute with Mexico

By Jarrett Renshaw and David Lawder

06.09 / 13:17

COST Reuters show Italian government to meet supermarkets, small retailers to address high prices

By Giuseppe Fonte and Elisa Anzolin

06.09 / 13:17

Reuters show electronic Canada posts smaller than expected trade deficit in July

OTTAWA (Reuters) — Canada's trade deficit with the world narrowed to C$987 million ($722.97 million) in July, as imports were dragged lower by a west coast port strike while exports rose slightly, Statistics Canada said on Wednesday.

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