Pennsylvania awaits results in key midterm U.S. Senate Republican primary

PHILADELPHIA (Reuters) -Pennsylvania's hotly contested U.S. Senate Republican primary between TV personality Dr. Mehmet Oz and former hedge fund executive David McCormick was still undecided on Wednesday and could drag on into next week, with a possible recount looming.

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18-05-2022

Nasdaq, S&P 500 drop 3% as growth stocks rally wanes

(Reuters) -The Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices.

newspaper

18-05-2022

Factbox-Surging food prices fuel protests across developing world

The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring.

newspaper

18-05-2022

Rogue trader, euro zone crisis and war, Socgen's CEO ends 'bumpy' ride at top

Societe Generale CEO Frederic Oudea, who navigated the French bank through a rogue trading scandal and the euro zone crisis, will leave next year, ending a tumultuous 15 years at the top.

newspaper

18-05-2022

Tencent profit halves, revenue flat as crackdown and COVID-19 weigh

HONG KONG (Reuters) -China's Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004.

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18-05-2022

Stellantis to start reshuffle of dealer network next year

VERONA, Italy (Reuters) -Stellantis will start a reshuffle of its European dealers' network next year from Austria, Belgium and the Netherlands, and its van and premium brands in all markets, its regional sales chief said on Wednesday.

newspaper

18-05-2022

Stellantis to start reshuffle of dealer network from Austria, Belgium, Netherlands

Stellantis will start a reshuffle of its European dealers' network next year from Austria, Belgium and the Netherlands, and its van and premium brands in all markets, its regional sales chief said on Wednesday.

newspaper

18-05-2022

Wall St slides as growth stocks rally wanes; Target slumps

U.S. stock indexes fell on Wednesday as a rally in growth shares faded and Target slumped after the retailer became the latest victim of surging prices.

newspaper

18-05-2022

China lockdowns impeding supply chain recovery, slowdown risks spillovers, Yellen says

BONN, Germany (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown in growth in the world's No. 2 economy could have global spillover effects that warrant close attention.

newspaper

18-05-2022