Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

HOUSTON, Oct 4 (Reuters) – More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation’s oil exports were volatile earlier this year due to a lack of diluents required to … Read more

Analysis: Tesla could face its toughest challenge yet as the economy cools

SAN FRANCISCO, Oct 4 (Reuters) – As recently as July, Tesla ( TSLA.O ) Chief Executive Elon Musk said the electric-car maker did not have a problem with customer demand, simply a problem making and shipping all the Model Ys and Model 3s consumers were ready to buy. That may no longer be true. Analysts … Read more

Italy’s MPS commits to disposals as it works to secure investors

EU publishes decision on new deadline, turnaround goals MPS says plan progressing on schedule Aims to clinch deal with cash call investors this week – sources MILAN, Oct 3 (Reuters) – New restructuring commitments agreed by Italy and the European Union over state-owned bank Monte dei Paschi di Siena (MPS) (BMPS.MI) include disposals worth up … Read more

Argentina’s economic crisis draws protests even as the poverty rate eases

BUENOS AIRES, Sept 28 (Reuters) – Argentina’s deep economic slump drew thousands to the streets on Wednesday, as protesters demanded action to counter sky-high inflation and help the country’s poor, even as data showed the poverty rate dipped in the first half of this year. Concentrated in the capital Buenos Aires, the protests sought to … Read more

Nike sales likely to suffer as inflation hits sneakerheads

Sept 28 (Reuters) – Sneakerheads are thinking twice before splurging on the newest set of kicks as the rising cost of living takes a toll on consumer spending, setting the stage for a potential slowdown in sales for Nike Inc (NKE.N) in coming months. At least eight brokerages have cut their price targets on Nike … Read more

France sets a minimum delivery fee for online book sales to help independent stores compete

Books are displayed on a table at “La Librairie du Canal” bookstore in Paris as French lawmakers voted a draft bill aiming at stopping Amazon from offering free delivery for books and at protecting traditional bookshops from competition, France, October 21, 2021. REUTERS/ Sarah Meyssonnier Register now for FREE unlimited access to Register PARIS, … Read more

Britain’s Kingfisher first-half profit falls 30%, big-ticket sales ‘resilient’

General view of a B&Q DIY store, as the spread of the coronavirus disease (COVID-19) continues, in Chiswick, London, Britain, April 23, 2020. REUTERS/John Sibley/File Photo Register now for FREE unlimited access to Register LONDON, Sept 20 (Reuters) – British home improvement retailer Kingfisher (KGF.L) reported a 29.5% fall in first-half underlying profit but … Read more

Soccer Germany’s DFL to kick off Bundesliga media rights sale in October – sources

Soccer Football – Bundesliga – SC Freiburg v Borussia Moenchengladbach – Europa Park Stadion, Freiburg, Germany – September 11, 2022 SC Freiburg’s Ritus Doan in action with Borussia Moenchengladbach’s Ramy Bensebaini REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Register MUNICH, Sept 16 (Reuters) – Germany’s soccer governing body is due to meet … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Register now for FREE unlimited access to Register SYDNEY/BENGALURU, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways (0293.HK) have cast a pall over the year-end holiday shopping season – the business slowdown they’re seeing points to weaker-than- expected consumer demand, not a Christmas bonanza. The gloomy outlook comes as … Read more

Most Twitter shareholders vote in favor of sale to Musk -sources

Register now for FREE unlimited access to Register Sept 12 (Reuters) – A majority of Twitter Inc’s shareholders (TWTR.N) have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is Tuesday but … Read more