Featured Reuters
Amazon Web Services plans $8.4 billion cloud investment in Germany
STOCKHOLM (Reuters) - Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. AWS last year announced plans to ...
Allianz posts better-than-expected 22% increase in Q1 net profit
FRANKFURT (Reuters) - Germany's Allianz posted a better-than-expected 22% rise in first-quarter net profit, helped by strength in its property and casualty insurance business, the company said on Wednesday. Net profit attributable to shareholders ...
Thyssenkrupp cuts sales, net profit forecasts on impairments, lower demand
FRANKFURT (Reuters) - German conglomerate Thyssenkrupp cut its 2023/24 forecast for sales and net profit for the second time in three months, blaming lower demand and prices at its steel unit as well as impairments at its materials trading ...
Conflict, high borrowing costs clip growth in EBRD regions, report says
By Libby George LONDON (Reuters) - Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and Development (EBRD), the bank said in a semi-annual report released on Wednesday. ...
Love them or hate them, meme stocks are back
By Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) - Meme stocks are soaring again, delighting fans, frustrating detractors and showing Wall Street that the social media force behind the wild GameStop rally in 2021 is still going strong.
E.ON posts stable Q1 profits, raises investments by a quarter
FRANKFURT (Reuters) - E.ON on Wednesday posted first-quarter profits that were roughly stable year-on-year, adding that investments were up by around a quarter as Europe's biggest operator of energy grids is massively ramping up spending on ...
Morning Bid: Power of Powell lifts stocks ahead of US CPI
A look at the day ahead in European and global markets from Ankur Banerjee European bourses are poised to keep the rally going ahead of the always important U.S. CPI data after comments from Fed Chair Jerome Powell reassured investors that the next ...
Utility price hikes in parts of China hand another blow to households
By Joe Cash BEIJING (Reuters) - Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world's no. 2 economy as they further erode ...
Indonesia records $3.56 billion trade surplus in April, above forecast
JAKARTA (Reuters) - Indonesia booked a slightly bigger than expected trade surplus in April of $3.56 billion, as the country saw smaller-than-estimated imports, data from the statistics bureau showed on Wednesday. A Reuters poll of economists had ...
Thai industrial sentiment falls in April on weak demand, wage hike plan
BANGKOK (Reuters) - The Thai industrial sentiment index dropped in April, dented by slowing domestic demand, a government minimum wage hike plan and drought, the Federation of Thai Industries (FTI) said on Wednesday. The FTI said its industrial ...
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