Fashion group Shandong Ruyi's creditors take full control of Lycra

- U.S. fiber maker Lycra has gained new ownership, with creditors of its former parent company Shandong Ruyi Technology Group (Ruyi) taking full equity control after the Chinese fashion...

Oil prices take breather after three-day rally

By Yuka Obayashi TOKYO - Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is...

At Australia mine, Glencore balances reforestation drive, coal profit

By Praveen Menon HUNTER VALLEY, Australia - At Glencore (OTC:GLNCY)'s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out...

Nissan recalls more than 300,000 SUV in US for sudden hood opening

TOKYO - Nissan (OTC:NSANY) Motor Co is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver's view and increasing the risk...

LGES to reevaluate investment plan for Arizona battery factory

SEOUL - South Korean battery maker LG Energy Solution Ltd (LGES) plans to reevaluate its investment plan for a standalone Arizona battery factory due to the current economic environment in the...

Britain says Meggitt-Parker deal concerns addressed, launches consultations

-Britain said on Tuesday U.S. engineering and aerospace company Parker-Hannifin Corp (NYSE:PH) has addressed competition and national security concerns over its 6.3 billion-pound ($7.67 billion)...

Nio Plays 'Accounting Games to Inflate Revenue' Says Grizzly Research

By Sam Boughedda Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio Tuesday. In the report, Grizzly states they believe Nio "plays...

FTX-Robinhood Rumors: Piper Sandler Sees 'Win-win' Situation, Others Less Optimistic

By Senad Karaahmetovic Robinhood shares are down roughly 4% in pre-market after FTX’s founder Sam Bankman-Fried said his crypto exchange is not in talks to acquire Robinhood Markets . Robinhood...

Lufthansa CEO apologises for summer travel chaos

BERLIN - Lufthansa Chief Executive Carsten Spohr apologised to its employees and customers on Tuesday for travel chaos caused by labour shortages as demand has soared during the summer amid the...

Siemens to invest in Volkswagen's N.American charging network

By Paul Lienert - German industrial giant Siemens AG (OTC:SIEGY) is investing more than $100 million in Volkswagen AG (OTC:VWAGY)'s Electrify America unit, becoming the first outside investor in...

India stocks higher at close of trade; Nifty 50 up 0.11%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Metals and Auto sectors led shares higher. The best performers of the session on the Nifty 50 were...

Dow Futures Rise 150 Points After Monday’s Market Decline

By Noreen Burke Investing.com -- U.S. stock futures pointed to modest gains at the open on Tuesday as markets approached the halfway point of a year which has been characterized by rapidly...

Why Russian oil price cap is easier said than done

LONDON - G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow's ability to fund its invasion of Ukraine, G7 officials said on Tuesday. The officials,...

Exclusive: PetroChina may sell Australian, Canadian assets to stem losses

By Chen Aizhu SINGAPORE - PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa...

Buffett's Berkshire Raises its Occidental Stake to 16.4%

By Senad Karaahmetovic Berkshire Hathaway has said it acquired another 794,389 shares of Occidental Petroleum (NYSE:OXY) to raise its stake in the oil company to 16.4%. Buffett’s Berkshire spent...

Italy's De Nora delivers on IPO, but prices at bottom of range

MILAN - Industrie De Nora will become the first company to debut on Italy's main market since Russia's invasion of Ukraine derailed new listings, though it priced its share sale at the bottom of...

Renault teams up with Atos on data gathering, which Renault hopes will cut costs

PARIS - French carmaker Renault (EPA:RENA) is teaming up with software company Atos, the companies said on Tuesday, to collect and analyse data in a "strategic collaboration" which Renault said...

Australia stocks higher at close of trade; S&P/ASX 200 up 0.86%

Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the Energy, Resources and Metals & Mining sectors led shares higher. The best performers of the session on the...

Spain's Santander hires Credit Suisse, Goldman to look at Citibanamex bid

MADRID - Spain's Santander (BME:SAN) has hired Credit Suisse and Goldman Sachs (NYSE:GS) to potentially consider a bid for the Citibanamex, Citigroup (NYSE:C)'s retail bank in Mexico, a source...

Commodity stocks lead European shares higher on China COVID relief

- European shares rose on Tuesday, led by gains in commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, while investors awaited ECB President Christine...

Garuda Indonesia halves debt with restructuring, on track for profit

JAKARTA - Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government...

Britons seek cheaper grocery options as inflation bites

By James Davey LONDON - Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis, industry data showed on...

Analysis: Private equity's swoop on listed European firms runs into rising execution risks

By Joice Alves, Emma-Victoria Farr and Sinead Cruise LONDON - European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash...

Akzo Nobel names Poux-Guillaume as new chief executive

- Dulux paint maker Akzo Nobel (OTC:AKZOY) has named Gregoire Poux-Guillaume as its new chief executive, with effect from Nov. 1. If approved by shareholders, Poux-Guillaume will take over from...

Northern Ireland post-Brexit 'protocol' hurting some, a boon others

By Amanda Ferguson and Clodagh Kilcoyne BALLYMENA, Northern Ireland - Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the...

Quotes

HONG KONG - Hong Kong has weathered financial crises, mass demonstrations and COVID-19. As the city prepares to mark the 25th anniversary of its handover to Chinese rule, Reuters spoke to five...

Hong Kong regulator sharpening scrutiny of derivatives after Archegos saga

By Selena Li HONG KONG - Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's...

Spot Australian thermal coal has surged, but contract price is key: Russell

By Clyde Russell LAUNCESTON, Australia - The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for...

Oil Up with New G7 Sanctions on Russia

By David Ho Investing.com – Oil was up on Tuesday morning in Asia amid tight supplies. But leaders of the Group of Seven nations vowed to add pressure to Russia while lowering energy...

Dollar Up Despite Concerns Over Economic Recession

By Zhang Mengying Investing.com – The dollar was up on Tuesday morning in Asia despite worries about economic recession. Investors await a speech from central bank chief Christine Lagarde.The U.S....

One-Stop Business News. Free to Use →