Ford Shuts Down in Brazil, and China’s Top EV Maker Comes to the Rescue
(Bloomberg Markets) -- On Brazil’s east coast, the vast parking lot off Avenida Henry Ford sits empty. Shift workers once
2023-08-09 17:22
China slips into deflation as consumer prices fall for the first time in more than two years
The Chinese economy has slipped into deflation, with consumer prices falling for the first time in more than two years in another sign of weakening demand.
2023-08-09 17:22
Bottler Coca-Cola HBC lifts sales outlook
By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher prices
2023-08-09 17:21
US reports big interest in $52 billion semiconductor chips funding
By David Shepardson WASHINGTON The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed
2023-08-09 17:16
Honda posts 78% rise in Q1 profit on U.S. sales jump
TOKYO (Reuters) -Japan's Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in
2023-08-09 16:58
Sony Expects Smartphone Rebound Only in 2024 After China Fizzles
Sony Group Corp., the dominant supplier of camera sensors for smartphones, is pushing back expectations for a smartphone
2023-08-09 16:28
More Chinese graduates return to hometowns in depressed economy - state media
BEIJING Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state
2023-08-09 16:25
Italy Trims Bank Windfall Tax After $10 Billion Value Wiped Out
The Italian government backtracked on part of its new windfall tax on banks, saying it would introduce a
2023-08-09 15:59
Europe Cuts Back on Firefighters Even as Blazes Ravage Continent
Most countries in Europe are paring their army of firefighters even as the continent battles increasingly intense heat
2023-08-09 15:58
Deflation: Why falling prices in China raise concerns
The world's second largest economy has slipped into deflation for the first time in more than two years.
2023-08-09 15:29
European Stocks Jump as Banks Rebound After Italy-Fueled Rout
European stocks bounced, led by a jump in Italian banks, as investors weighed a clarification from Italy about
2023-08-09 15:26
Continental Cuts Sales Forecast as Tire Market Softens in Europe
Continental AG cut its sales outlook for the year on weakening markets for tires in Europe and North
2023-08-09 14:50