Russian industry warns central bank’s high rates hurt crucial new investment
By Anastasia Lyrchikova, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that goals for infrastructure development may be missed, with the…
Havana, Cuban provinces see power restored; Tropical Storm Oscar leaves six dead
By Nelson Acosta HAVANA (Reuters) – Cuba made fast progress restoring power to swaths of the Caribbean island nation on Tuesday, both in Havana and outlying provinces, even as emergency and grid workers struggled to reach areas ravaged by Tropical…
European firms exposed to China at most risk from Trump presidency, Norway fund official says
By Gwladys Fouche OSLO (Reuters) -European companies that deal closely with China would be most negatively affected by a Republican victory at the upcoming U.S. election given Donald Trump has said he would hike tariffs on Chinese products, a top…
Japan’s Nidec posts 10% rise in second-quarter operating profit
TOKYO (Reuters) – Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday to 60.7 billion yen ($398.79 million), compared to 55.1 billion yen in the same period a year earlier. The earnings for the…
Ad group WPP posts 0.5% rise in Q3 organic revenue
LONDON (Reuters) – British ad group WPP (LON:WPP) reported a better-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China. The…
Stocks drift, dollar and gold rise as traders weigh US rates, election
By Ankur Banerjee SINGAPORE (Reuters) -Gold prices hit a record high on Wednesday and the dollar was on the rise again, keeping pressure on the yen and the euro, while Asian stocks inched higher as investors were reluctant to place…