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Oil drops as weak Chinese factory data heightens demand concerns

Oil drops as weak Chinese factory data heightens demand concerns

LONDON, Aug 1 (Reuters) – Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments. Brent crude futures were down $1.42, or 1.4%, at $102.55 a barrel by …

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Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects get hit as Russia continues to reduce gas supplies. The 19-member bloc registered a gross domestic product rate of 0.7% in the second quarter, according to Eurostat, Europe’s statistics office, beating expectations of 0.2% growth. It comes …

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India blocks Krafton's game on concerns over data sharing in China - source

India blocks Krafton’s game on concerns over data sharing in China – source

NEW DELHI/SEOUL, July 29 (Reuters) – India’s government blocked a popular battle-royale format game from Krafton Inc (259960.KS), a South Korean company backed by China’s Tencent (0700.HK), as it was concerned about its data sharing and mining in China, an Indian government source said. New Delhi used powers it has under India’s IT law to …

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Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – …

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Earnings and gas worries keep Europe subdued

Earnings and gas worries keep Europe subdued

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying various countries’ stock indexes including Russian Trading System (RTS) Index which is empty, outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register European stocks subdued as …

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Tesla profit tops target;  Musk sees no demand problem

Tesla profit tops target; Musk sees no demand problem

July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges caused by COVID-19 lockdowns in China. Chief Financial Officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, …

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Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake/ Register now for FREE unlimited access to Reuters.com Register July 9 (Reuters) – Elon Musk avoided discussing the collapsed Twitter deal as he addressed an audience of moguls on Saturday in Sun …

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Rogers network resuming after major outage hits millions of Canadians

Rogers network resuming after major outage hits millions of Canadians

Rogers dominates Canada’s telecom sector Banking services down, transportation disrupted Outage renews criticism over telecom sector competition TORONTO/OTTAWA, July 8 (Reuters) – Rogers Telecommunications said its network was beginning to recover late on Friday after a 19-hourservice outage at one of Canada’s biggest telecom operators shut banking, transport and government access for millions, drawing outrage …

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