Author Archives: Syndicated Content
Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
FRANKFURT (Reuters) -Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, joining a growing number of rivals that are blaming a weakening Chinese car marke...
Sep 20, 2024
Take Five: Go big or go home
(Reuters) - More interest rate cuts are set to come in Switzerland and Sweden after a supersized Federal Reserve rate move, with U.S. inflation data and global business activity surveys charting the p...
Sep 20, 2024
US to award $3 billion to 25 projects for battery manufacturing sector
By David Shepardson WASHINGTON (Reuters) - The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration work...
Sep 20, 2024
FedEx shares tumble amid weak demand for priority deliveries
(Reuters) - FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery servic...
Sep 20, 2024
Germany must oppose UniCredit takeover of Commerzbank, bank employees and union warn
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit. The joint statement fr...
Sep 20, 2024
'No work, no pay,' Samsung warns striking Indian workers as row escalates
By Praveen Paramasivam CHENNAI, India (Reuters) - Samsung Electronics has warned its striking workers in southern India they will not receive wages if they continue protesting and also face the risk o...
Sep 20, 2024
Ford to recall over 144,000 U.S. vehicles over rearview camera image freeze
(Reuters) - Ford Motor is recalling over 144,000 2022-2024 Ford Maverick vehicles in the U.S. citing rearview camera image freezing when the vehicle is in reverse, the U.S. National Highway Traffic Sa...
Sep 20, 2024
China's January-August fiscal revenue down 2.6%
BEIJING (Reuters) - China's fiscal revenue in the first eight months of 2024 was down 2.6% from a year earlier, unchanged from July's seven-month reading, finance ministry data showed on Friday, as pr...
Sep 20, 2024
GM to recall over 449,000 pickup trucks, SUVs in US
(Reuters) -General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. Th...
Sep 20, 2024
Nike's new CEO may look to fix retailer ties in sales revival push
By Juveria Tabassum (Reuters) - Nike's new CEO will likely focus on repairing relations with retailers to boost demand, a strategy that took a back seat under outgoing chief John Donahoe, industry exp...
Sep 20, 2024
