The euro weakened against other major currencies in the European session on Thursday, as investors remain cautious about the ECB\'s rate decision as well as President Christine Lagarde\'s press conference for directional cues. The European Central Bank is set to keep its main Refinancing Operations Rate unchanged at 4.5 percent for the fourth time in...
(Reuters) - Chinese companies Huawei Technologies and Semiconductor Manufacturing International Corp used US technology to produce an advanced chip in China in 2023, Bloomberg News reported, citing people with knowledge of the matter. SMIC used technology from California\'s Applied Materials Inc (NASDAQ:AMAT) and Lam Research Corp (NASDAQ:LRCX) to develop an advanced 7-nanometer chip for Huawei...
Retailer BJ\'s Wholesale Club Holdings, Inc. (BJ) announced Thursday that net income for the fourth quarter grew to $145.87 million or $1.06 per share from $129.78 million or $0.95 per share in the prior-year quarter. Excluding items, adjusted net income was $149.84 million or $1.11 per share, compared to $136.69 million or $1.00 per share...
By Lewis Jackson and Stella Qiu SYDNEY (Reuters) - Volkswagen (ETR:VOWG_p) Australia said on Friday it was concerned about the exit of electric vehicle makers Tesla (NASDAQ:TSLA) and Polestar (NASDAQ:PSNY) from Australia\'s major automotive lobby in protest over the organisation\'s criticism of proposed vehicle emissions rules. The German automaker said it supported the government\'s proposed...
While reporting financial results for the fourth quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the first quarter. For the first quarter, the company expects comp sales to improve relative to the fourth quarter and be in the mid-single-digit negative range, as key actions to improve the...
SEOUL (Reuters) - South Korea\'s antitrust agency will consider imposing sanctions on Meta Platforms (NASDAQ:META) for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday. The Korea Fair Trade Commission (FTC) had investigated possible violations of the country\'s e-commerce law and had...
UK house prices increased for the fifth consecutive month in February vindicating the view that the property market is on a recovery path. House prices advanced 0.4 percent from January, mortgage lender Halifax reported Thursday. However, the pace of growth eased sharply from 1.2 percent in January, and was also weaker than economists\' forecast for...
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives will fast-track a vote next week on legislation that would give China\'s ByteDance six months to divest from short video app TikTok or face a U.S. ban after a committee unanimously approved the measure Thursday. The Energy and Commerce Committee 50-0 vote represents the most...
While reporting financial results for the fourth quarter on Thursday, aluminum wheel supplier Superior Industries International, Inc. (SUP) initiated net sales guidance for the full-year 2024, below analysts\' estimates. For fiscal 2024, the company now project net sales in a range of $1.38 billion to $1.48 billion. On average, three analysts polled by Thomson Reuters...
European stocks closed on a firm note on Thursday as investors reacted positively to the European Central Bank\'s inflation forecast, and on optimism about interest rate cuts by the Federal Reserve this year. The ECB decided to leave interest rates unchanged, as widely expected. The ECB expects the eurozone economy to grow 0.6% in 2024,...