BMW's Q1 automotive margin falls as high costs persist
By Andrey Sychev BERLIN (Reuters) -BMW on Wednesday reported a lower first-quarter profit margin in its automotive segment as persistently higher costs continued to weigh and demand for luxury cars in China remained muted. The German premium automaker'...
5m ago
Asia stocks drift, dollar firm as Fed rate path pondered
By Kevin Buckland TOKYO (Reuters) - Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Res...
5m ago
Japan's helping hand with BoE June rate cut window
By Mike Dolan LONDON (Reuters) - If worries about sterling were a factor preventing the Bank of England cutting interest rates too far ahead of the U.S. Federal Reserve, then Japan's dollar-selling intervention may, weirdly, help keep its options o...
6m ago
Factbox-Parties vying for power in South Africa's 2024 election
JOHANNESBURG (Reuters) - South Africa's election on May 29 could bring momentous change, with polls suggesting the ruling African National Congress is likely to lose its majority after 30 years in power. The following are key facts about the ANC an...
6m ago
India expects FY25 growth of more than 7%, chief economic adviser says
NEW DELHI (Reuters) - India does not see any nasty upside to inflation at the moment and expects the economy to expand by more than 7% in fiscal 2025, V. Anantha Nageswaran, the chief economic adviser to the government, said on Wednesday. The possi...
15m ago
Thai business group cuts 2024 GDP growth forecast to 2.2%-2.7%
BANGKOK (Reuters) - Thailand's economy is expected to grow 2.2% to 2.7% this year, down from a previous forecast of 2.8% to 3.3% due to a slow export recovery, a leading joint business group said on Wednesday. Exports, a key driver of the Thai econ...
15m ago
Pakistan court orders ex-PM Imran Khan's wife to shift to jail from house arrest, lawyer says
ISLAMABAD (Reuters) - A Pakistan court on Wednesday ordered former Prime Minister Imran Khan's wife Bushra Bibi to shift to a jail from house arrest, her lawyer said. Bibi, who had been detained at Khan's hilltop mansion in Islamabad since they bot...
16m ago
Siemens Energy raises outlook, flags CEO change at troubled wind unit
FRANKFURT (Reuters) - Siemens Energy will replace the boss of its troubled wind turbine division after less than three years, the company said on Wednesday, also raising its outlook for the current year primarily on the back of its power grid busin...
34m ago
Toyota posts 78% surge in Q4 operating profit
TOKYO (Reuters) - Toyota Motor on Wednesday posted a roughly 78% rise in fourth-quarter operating profit at 1.11 trillion yen ($7.2 billion) boosted by a weak yen and solid sales. The result compared to 626.9 billion yen in the same period last yea...
34m ago
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
By Supantha Mukherjee STOCKHOLM (Reuters) - Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the gl...
34m ago