Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Speaker Nancy Pelosi expected in Taipei later today Caterpillar falls after missing sales estimates Uber gains after reporting positive cash flow Indexes down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Wall Street’s major indexes fell on Tuesday on concerns over rising US-China tensions ahead of the arrival of US House of Representatives … Read more

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says emergence of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more

China’s Alibaba strives to keep New York listing amid audit dispute

China's Alibaba strives to keep New York listing amid audit dispute

The logo for Alibaba Group is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, US, Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain … Read more

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Microsoft, Alphabet results spark rally in megacap stocks T-Mobile up after raising subscriber growth forecast Fed policy decision expected at 2 pm ET Indexes: Dow 0.39%, S&P 1.47%, Nasdaq 2.72% July 27 (Reuters) – The tech-heavy Nasdaq surged nearly 3% on Wednesday, leading Wall Street’s main indexes higher, as upbeat quarterly reports from Microsoft and … Read more

Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

Credit Suisse expected to announce Koerner as CEO, latest change at helm - sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as his new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources familiar with the situation said on Tuesday. Pressure had been mounting on current CEO Thomas … Read more

Europe agrees compromised gas curbs as Russia squeezes supply

Europe agrees compromised gas curbs as Russia squeezes supply

Model of natural gas pipeline, EU and Russia flags, July 18, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register EU ministers agree to emergency gas use cuts Voluntary cuts would become binding in supply emergency Final deal exempts numerous countries, industries EU racing to save gas as Russia slashes supply BRUSSELS, … Read more

EU countries rewrite plan to cut gas demand, seek carve-outs

EU countries rewrite plan to cut gas demand, seek carve-outs

BRUSSELS, July 25 (Reuters) – European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas supplier Russia. The European Commission proposed last week that the 27 EU member states each cut their gas use by … Read more

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some … Read more

Biden stops short of declaring climate emergency, takes steps on wind power

Biden stops short of declaring climate emergency, takes steps on wind power

SOMERSET, Mass./WASHINGTON, July 20 (Reuters) – US President Joe Biden said on Wednesday that climate change is an emergency but stopped short of a formal declaration, announcing a modest package of executive actions and promising more aggressive efforts. Biden made the comments during a visit to Massachusetts and as a historic heat wave batters Europe … Read more