BUSINESS

China's consumer inflation pushes higher

Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S.

Lenovo Group, the world's biggest maker of personal computers, reported flat revenue for the April-June quarter when many Chinese cities were hit by COVID-19 lockdowns, marking its most subdued result in eight quarters.

Full steam ahead: Swiss mark 175 years since first rail service

Beats by Dre teamed up with Kim Kardashian to offer three neutral shades of its Fit Pro earbuds, which are reminiscent of similar designs by Kardashian.

Jury finds ex-Twitter worker spied for Saudi royals

U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have worried that demand could falter if the global economy enters a recession or high fuel prices deter travelers.

US stocks sink with all eyes on consumer price data

Argentina's central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country's high inflation, market participants told Reuters on Tuesday.

Workers at Volkswagen AG's main Mexico factory have rejected their own union's deal with management for a 9% pay raise, setting the stage for further talks just as inflation hits a 22-year high.

A new series of exchange-traded funds launched on Tuesday will make it easier for individual and institutional investors to trade the most current individual benchmark U.S.

The U.S. Securities and Exchange Commission (SEC) will propose a new rule on Wednesday aimed at boosting hedge and private fund leverage disclosures, among other details, according to a source familiar with the agency's thinking.

US 'concerned' by reports of Rwandan support for DRC rebels

MDU Resources Group Inc is confident in its current strategy, the company said on Tuesday, after activist investor Corvex Management unveiled a nearly 5% stake in the U.S. utility.

Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited sources of financing, the company said in a filing to Mexico's main stock exchange.

This new sweet breakfast menu item will start at restaurants nationwide on Aug. 15.

Taiwan's Foxconn, the world's largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.

Russia says ammunition detonated at Crimea base, one dead

By 2020, China had propelled itself to the top spot with 28.5%, while the West's share declined from 70.5% to 53.2% (including Japan and South Korea), a 17-point decline almost exactly matching China's 19-point gain.

Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity's announced plan to acquire AppLovin's smaller competitor ironSource.

UK meteorologists, water firms issue warnings as extreme heatwave looms

U.S. manufacturing production probably peaked during the second quarter, though the data are noisy and conflicting, and a turning point may not become obvious until September or October.

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations.

Canada's main stock index slid on Tuesday as technology shares fell sharply mirroring Wall Street peers, with investors on edge ahead of key inflation data that could set the tone for U.S.

Boeing jetliner deliveries fell to a five-month low of 26 airplanes in July, highlighting pressure on global supply chains as it prepares to resume deliveries of the 787 Dreamliner.

Travelers have returned after being cooped up for more than two years during the pandemic, but pilot shortages remain.

Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.

The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore warned of the continuing margin squeeze on its European smelters.

Memory-chip maker Micron Technology cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the following quarter as demand for chips used in personal computers and smartphones continues to drop.