MOSCOW (Reuters) – Russian retail sales fell deeper and the jobless rate slightly increased in September, official data from the state statistics service Rosstat showed on Wednesday, after the Kremlin announced its first mobilisation since World War Tw…
Verkor raises 250 million euros to fund EV battery megafactory
By Nick Carey LONDON (Reuters) – French battery startup Verkor has raised 250 million euros ($248 million) from investors to fund a battery “megafactory” on its way to building a much larger plant to produce batteries for its customer Renault, the comp…
Oil prices rise before expected Fed rate hike as U.S. crude stocks drop
By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in U.S. oil inventories as refineries picked up activity ahead of the winter heating season. Brent crude …
Boeing’s top execs make bullish pitch to skeptical investors
(Refiles to fix typographical error in quote in paragraph 12) By Rajesh Kumar Singh, David Shepardson and Abhijith Ganapavaram CHICAGO (Reuters) -Boeing Co’s top executives on Wednesday forecast a ramp-up in jet deliveries and higher free cash flow nex…
Russia says Western media trying to stir Gulf tensions
MOSCOW (Reuters) – Russian Foreign Minister Sergei Lavrov told his Iranian counterpart on Wednesday that Western media had launched a campaign that could trigger escalation in the Gulf, his ministry said. In a telephone call with Hossein Amirabdollahia…
U.S. SEC proposes new liquidity, pricing rules for mutual funds
By John McCrank and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Wednesday proposed new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing mechanism that has dr…
Portugal likely to scrap much-criticised ‘golden visa’ scheme, PM says
By Catarina Demony LISBON (Reuters) – Portugal is likely to scrap its “golden visa” programme giving wealthy foreigners residence rights, Prime Minister Antonio Costa said on Wednesday, saying that the 10-year-old scheme had already fulfilled its role….
CVS, Walmart, Walgreens agree to pay $13.8 billion to settle U.S. opioid claims
By Brendan Pierson (Reuters) -CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have agreed to pay about $13.8 billion to resolve thousands of U.S. state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opio…
Exxon’s French Fos-Sur-Mer oil refinery to restart by end of week
(Reuters) – The restart of Exxon Mobil’s 140,000-bpd Fos-Sur-Mer oil refinery in France should be completed by the end of the week, a company spokesperson told Reuters in an emailed statement on Wednesday. The refinery restart, due after weeks-long str…
Yum beats sales estimates as customers flock to KFC, Taco Bell deals
By Uday Sampath Kumar (Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as the company’s KFC value deals and $2 Taco Bell burritos pulled in more inflation-weary consumers to its restaurants. Yum’s shares…