[ad_1] LONDON (Reuters) – Oil prices resumed their slide on Wednesday, dragged down after an unexpected gain in U.S. inventories, but with losses capped by a recovery in global equities on hopes of a rate
Norsk Hydro core profit better than expected despite cyber attack
[ad_1] OSLO (Reuters) – Norsk Hydro reported an 82% fall in first-quarter underlying profit on Wednesday as the Norwegian aluminium producer grappled with a curb on its output in Brazil and the impact of a
Global stocks gain in Fed’s cheery slipstream, dollar subdued
[ad_1] LONDON (Reuters) – Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy,
BMW and Jaguar Land Rover to jointly develop electric car components
[ad_1] FRANKFURT (Reuters) – BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric
Volkswagen to invest up to 4 billion euros in digital transformation
[ad_1] The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near Mexico City September 23, 2015. REUTERS/Imelda Medina/Files BERLIN (Reuters) – Volkswagen will invest up to 4
Gold firms near three-month peak as Fed rate cut expectations grow
[ad_1] (Reuters) – Gold prices edged higher on Wednesday, holding near the three-month high it touched in the previous session, as the dollar weakened on rising prospects of a rate cut by the U.S. Federal
India’s services growth sinks to one-year low in May: PMI
[ad_1] BENGALURU (Reuters) – Activity in India’s dominant services sector grew at its slowest pace in a year in May, hurt by weak domestic demand, a private survey showed on Wednesday, while a sharp easing
After backlash, Trump U-turns on UK health service in trade talks
[ad_1] LONDON (Reuters) – U.S. President Donald Trump backtracked on comments that Britain’s public health service should be on the table in future post-Brexit trade talks between the two countries, after Prime Minister Theresa May
Asian stocks bounce on Wall Street’s Fed cheer; dollar stays weak
[ad_1] Tokyo (Reuters) – Asian shares tracked Wall Street’s rally on Wednesday, after U.S. central bank comments pointed to increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower. A
Asian shares catch Wall Street’s Fed cheer; dollar remains weak
[ad_1] Tokyo (Reuters) – Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar