Interest rate rises in doubt as fear of new global crisis rattles central banks
editorIn 2006 the US central bank completed a series of interest rate rises that took its base rate from 1% to 5.25%. The plan was to cool a booming economy,…
Shopify sinks as investors worry over big spending in weak economy
By Nivedita Balu(Reuters) - Shares of Shopify Inc slid 16% on Thursday after the Canadian tech giant's weak forecast for first-quarter revenue and higher cost projections amplified investor concerns over…
BP to buy TravelCenters for $1.3 billion in U.S. fuel retail drive
(Reuters) -BP will buy truck fueling provider TravelCenters of America Inc for about $1.3 billion, the companies said on Thursday, as the British energy giant seeks to expand its retail network…
Walmart in Mexico gross margin shrinks, quarterly profit up 12%
MEXICO CITY (Reuters) -Walmart's Mexico unit on Wednesday said its gross margin in the fourth quarter shrank in a push to offer lower prices, even as strong same-store sales helped…
Ford fights $8 billion cost deficit, aims to secure 8% EV margins
By Aishwarya Nair, Paul Lienert and Joseph White(Reuters) -Ford Motor Co has identified measures to secure 8% margins on its next-generation electric vehicles due at mid-decade, but could take years…
New on the menu: Subway sandwich chain explores potential sale
Fast-food chain Subway has put itself on the menu – announcing on Tuesday it is exploring a possible sale of its business after 58 years of family control. After years…
Oil drops on inventory jump; demand outlook limits loss
By Alex LawlerLONDON (Reuters) -Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher…
Oil drops on U.S. inventory jump and interest rate worries
By Alex LawlerLONDON (Reuters) -Oil dropped for a second day on Wednesday as an industry report pointed to ample supplies in the United States and expectations of further interest rate…
Coca-Cola to push ahead with price hikes as PepsiCo hits pause
By Ananya Mariam Rajesh(Reuters) -Coca-Cola Co said on Tuesday it would raise soda prices further in 2023 to combat stubbornly high costs, in sharp contrast to a halt at rival…
Gigapresses – the giant die casts reshaping car manufacturing
By Giulio PiovaccariTRAVAGLIATO, Italy (Reuters) - By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group…