The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt climbed.The loonie FX_IDC:USDCAD was trading 0.3% higher at C$1.4175 to the greenback, or 70.55 U.S. cents, after trading in a range of 1.4151 to 1.4224.Canadian government 10-year bond yi…
Lucid Group NASDAQ:LCID missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance chief, the latest leadership change at the struggling electric-vehicle maker since it appointed a new CEO in April.De Bock will replace Taoufiq Boussaid, who has held the role…
By Stephen NellisMicrosoft NASDAQ:MSFT said on Thursday it is creating a new company that will help customers select AI technologies that work for their businesses and generate returns on their investment.Microsoft Frontier Company, as the new operating entity is called, will kick off with $2.5 bil…
FLSmidth & Co A/S OMXCOP:FLS:
By Niket Nishant and Avinash PWall Street's main indexes were set to open higher on Thursday after a softer-than-expected employment report for June tempered expectations for interest rate hikes by the Federal Reserve.The closely watched nonfarm payrolls report showed the U.S. economy added 57,000…
Morocco's annual trade deficit widened by 20.8% to 159 billion dirhams ($17 billion) in the first five months of this year, driven by higher energy and equipment imports, the foreign exchange regulator said on Thursday.Imports were up 11.8% from a year earlier to 370 billion dirhams, outweighing e…
By Giuseppe FonteItaly is ready to intervene on changes to the ownership structure of its insurance companies to make sure its economy and citizens benefit from savings allocation decisions, Economy Minister Giancarlo Giorgetti said on Thursday.The remarks appear as a warning shot over the future o…
By Arasu Kannagi Basil and Isla BinnieBlue Owl Capital NYSE:OWL maintained a 5% quarterly withdrawal limit for two of its private credit funds as redemption requests remained substantially above the cap despite falling by a few percentage points in the second quarter, sending the asset manager's sh…
TCL Zhonghuan Renewable Energy Technology Co Ltd SZSE:002129:($1 = 6.7886 Chinese yuan renminbi)
A member of Russia's liberal Yabloko party, which opposes the war in Ukraine, was detained in Moscow on Thursday in connection with alleged donations to a banned organisation, the party said in a statement.Elena Perepelitsa, 60, was detained eight days after Yabloko's deputy leader Maxim Kruglov wa…
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European regulators have launched a series of antitrust, privacy and online safety investigations into major technology companies in recent years.Below are some of the major probes:ALPHABET NASDAQ:GOOGEurope's top court on July 2 dismissed Google's challenge against a €4.1 billion ($4.8 billion) EU…
Jaguar Land Rover retail sales fell 15.3% year-on-year to 80,000 units in the first quarter of fiscal year 2027 as it grapples with supply constraints and softening demand, parent India's Tata Motors Passenger Vehicles NSE:TMPV said on Thursday.Here are some more details:
July 2 (Reuters) - U.S. Labor Department seasonally adjusted jobs data.In 1,000s, Change June May Apr in Non-farm Payrolls 57 129 148 Jobless Rate (Pct) 4.2 4.3 4.3 Labor Part…
U.S. ENERGY DEPARTMENT PROPOSES UPDATE TO ENERGY CONSERVATION STANDARDS FOR HOUSEHOLD APPLIANCES -STATEMENT
July 2 (Reuters) - U.S. Labor Department report of initial state joblessbenefit claims, seasonally adjusted.Insured Unemployment Week Ended Initial Claims 4-Week Avg. Continued Claims rate (pct) 06/27/26 215,000 222…
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By Karen BrettellThe dollar tumbled on Thursday after the closely watched employment report for June showed that employers added fewer jobs than economists had expected last month, while the Japanese yen gained sharply as traders braced for possible intervention from Japanese authorities.Employers…
Rivian Automotive NASDAQ:RIVN raised its annual delivery forecast on Thursday, betting on strong demand for its electric delivery vans and R1 SUVs and pickup trucks, as well as a boost from its newly launched, more affordable model — the R2.Shares of the Irvine, California-based EV maker rose more…
Chile's central bank is expected to keep its benchmark interest rate unchanged at 4.5% at its next meeting on July 27 to 28, and keep it at that lever for a year, a poll of traders released by the bank showed on Thursday.The traders also estimated consumer prices in the Andean country would decreas…
