LONDON (Reuters) – Forvia, the world’s seventh largest car parts supplier by revenue, said on Monday it had been selected by BYD to supply its second European factory located in Turkey. The company is a long-time partner of BYD, and has already secured deals with the Chinese automaker’s first European factory in Hungary. (Reporting by …
Forvia secures deal to supply BYD’s second European factory in Turkey Read More »
JOHANNESBURG (Reuters) – South Africa’s rand slipped against a stronger dollar on Monday, as investor focus shifts towards local inflation figures due later this week. At 0706 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% weaker than its previous close. The dollar index was last up about 0.15% against a basket of …
South African rand slips as investors eye inflation data Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -India’s Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country’s financial regulator barred the non-bank finance company (NBFC) from issuing new loans. The company was scheduled to raise 1 billion rupees (nearly $12 million) through two-year and three-month bonds, …
India’s Navi Finserv withdraws bond sale days after RBI action Read More »
(Reuters) -Start your electric engines, Tesla is the first of the “Magnificent Seven” to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here’s your look at what matters for markets this week from Kevin Buckland …
MUMBAI (Reuters) – Shares of India’s Kotak Mahindra Bank and RBL Bank slumped on Monday as the lenders reported a jump in bad loans that hurt their second-quarter profit and margins, a trend that could continue for a few more quarters. Kotak’s shares slid as much as 6% to a near two-month low in early …
India’s Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings Read More »
By Hyunjoo Jin SEOUL (Reuters) – A South Korean court on Monday rejected a request by Young Poong to temporarily block Korea Zinc from proceeding with its tender offer to buy back shares in the company, pushing shares in the world’s biggest zinc refiner to a record high. After the court denied the injunction, Korea …
Korea Zinc shares surge to record high after court clears hurdle for buyback offer Read More »
BERLIN (Reuters) – German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0% decline. The main reason for the dip was lower energy prices, which were 6.6% lower in …
German producer prices fall more than expected in September Read More »
LONDON (Reuters) – War, inflation and Britain’s departure from the European Union led to a 17% fall in job vacancies in London’s financial services sector in the third quarter versus the same time a year ago, recruitment firm Morgan McKinley said Monday. Mark Astbury, associate director at Morgan McKinley, also said hiring was likely to …
City of London job vacancies fall 17% year-on-year, data shows Read More »
By Andy Bruce (Reuters) – British finance minister Rachel Reeves faces a tough task to raise the tax revenues she needs to invest more in public services and new infrastructure in her Oct. 30 budget. With the tax burden at its highest since just after World War Two, Prime Minister Keir Starmer’s Labour Party promised …
Factbox-Taxes and the UK budget – tough choices for Rachel Reeves Read More »
By David Lawder WASHINGTON (Reuters) – Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and worries that a coin-toss U.S. presidential election could ignite new trade battles and erode multilateral cooperation. The International Monetary Fund and World Bank annual …
IMF, World Bank meetings clouded by wars, slow economic growth, US election Read More »
