By David Gaffen NEW YORK (Reuters) – Oil prices surged nearly 3% on Wednesday, bolstered by record U.S. crude exports and as the nation’s refiners operated at higher-than-usual levels for this time of year. The dollar’s weakness added support, as the g…
Iran says 13 people killed in shrine attack, Raisi vows to respond
By Parisa Hafezi DUBAI (Reuters) -An attack on a Shi’ite Muslim shrine in the Iranian city of Shiraz killed 13 people on Wednesday, authorities said, and President Ebrahim Raisi vowed that the shooting by suspected Sunni Muslim militants would not go u…
U.S. sanctions target corruption, Russian operations in Moldova -Treasury Dept
WASHINGTON (Reuters) – The United States on Wednesday imposed sanctions on individuals and entities involved in what it described as Russia’s malign influence operations in Moldova as well as systemic corruption in the small eastern European country. T…
Hotel group Accor continues post-COVID recovery after a ‘gorgeous’ summer
By Diana Mandia and Dina Kartit (Reuters) – Europe’s biggest hotel group Accor reported higher than expected third-quarter revenue per available room (RevPAR) on Wednesday, continuing a sharp improvement in activity since the start of the year after a …
Daimler Truck raises FY outlook on stronger than expected Q3
BERLIN (Reuters) – Daimler Truck on Wednesday slightly raised its full-year earnings forecast after reporting better-than-expected results in the third quarter thanks to a jump in unit sales, higher prices and strong aftersales business. Daimler Truck …
World stocks hit five-week peak, as dollar continues retreat
By Chris Prentice and Dhara Ranasinghe WASHINGTON/LONDON (Reuters) -World stocks rose to a five-week peak on Wednesday in choppy trading as U.S. shares were mixed, with investors weighing disappointing earnings from U.S. heavyweights with hopes the Fed…
Tod’s founders scrap buyout, mull next step as shares fall
By Agnieszka Flak and Valentina Za MILAN (Reuters) -The founding family of Italian luxury shoemaker Tod’s said it was ditching a planned buyout of the group, after failing to reach the 90% ownership threshold needed to take it private. Shares in Tod’s …
Jeronimo Martins’ profit up as inflation boosts sales, outlook uncertain
LISBON (Reuters) – Portugal’s second-largest retailer Jeronimo Martins on Wednesday posted a 14% rise in third-quarter net profit, as soaring inflation drove sales higher, and the company warned of an uncertain outlook for prices. Jeronimo Martins nett…
Volkswagen brand will be electric-only carmaker in Europe from 2033 – brand chief
By Victoria Waldersee BERLIN (Reuters) – The Volkswagen brand will only produce electric cars in Europe from 2033, its boss Thomas Schaefer said on Wednesday, committing to the earlier date in its previous 2033-2035 target. Schaefer said in the coming …
Cricket-Rain, Ireland put England’s T20 World Cup in peril
By Ian Ransom MELBOURNE (Reuters) -England’s hopes of reaching the T20 World Cup semi-finals suffered a major dampener on Wednesday after the former champions slumped to a shock loss to Ireland as rain forced an early finish at the Melbourne Cricket Gr…