European stocks struggled for direction on Friday as market focus shifted to Eurozone Q4 GDP data and the all-important February U.S. jobs report due later in the day. Germany\'s industrial production expanded in January, figures from Destatis showed earlier today. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent...
Electric vehicle maker Rivian Automotive, Inc. announced the launch of new EV models, including the much awaited R2 electric sport-utility vehicle or SUV, with a view to tackling slowing vehicle demand and heightened competition in the EV industry. As part of its efforts to preserve cash to produce more affordable vehicles, the company also announced...
By Martin Coulter LONDON (Reuters) - An influx of artificial intelligence (AI) startups is heating up the battle for technical talent in Europe, leaving companies like Google (NASDAQ:GOOGL) DeepMind to choose between paying big or losing out on the region\'s best minds. The runaway success of OpenAI\'s ChatGPT has energised investors, who have been pouring...
SSR Mining Inc. (SSRM, SSRM.TO) announced Friday the reorganization of key roles and responsibilities within its executive leadership team. Michael Sparks, currently Executive Vice President, Chief Legal and Administrative Officer, will take on the role of Executive Vice President, Chief Financial Officer. Sparks succeeds Alison White, who is leaving the Company to pursue other opportunities....
By James Davey LONDON (Reuters) - As British shoppers try to stretch their spending further each week, supermarket leaders Tesco (OTC:TSCDY) and Sainsbury\'s are using their superior financial firepower to win over customers from debt-laden rivals struggling to compete. A recent survey from consumer group Which? found the two groups outperformed their privately owned rivals...
By Helen Reid LONDON (Reuters) - Investors want Zara owner Inditex (BME:ITX) to follow rivals H&M (ST:HMb) and Primark in making its full list of suppliers public so they can better assess any supply chain risks. Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors...
Germany\'s industrial production rebounded at a faster than expected pace in January driven by intermediate and consumer goods output, figures from Destatis showed on Friday. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December. Output was expected to climb 0.6 percent. Excluding energy and construction, industrial...
Japan is scheduled to release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are January results for household spending, current account and leading and coincident indexes - as well as February figures for bank lending and the eco watchers survey. Household spending is expected to rise 0.4...
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 30 points or 1.1 percent. The KOSPI now rests just beneath the 2,650-point plateau and it may add to its winnings on Friday. The global forecast for the Asian markets is upbeat on growing optimism over the...
South Korea had a current account surplus of $3.05 billion in January, the Bank of Korea said on Friday - down from $7.41 billion in December. The goods account recorded a $4.24 billion surplus as exports increased annually by 14.7 percent to $55.22 billion and as imports decreased by 8.1 percent to $50.98 billion, both...