Business
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range
BEIJING (Reuters) - Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron phosphate (LFP) battery with a driving range of more than 1,000 kilometres (621 miles) on a single charge. The Shenxing Plus is the world's ...
South African rand little changed before producer inflation data
JOHANNESBURG (Reuters) - The South African rand was little changed in early trade on Thursday, as traders looked ahead to the release of domestic producer inflation figures. At 0615 GMT, the rand traded at 19.1950 against the dollar, not far from ...
China's version of Neuralink unveiled at tech forum
BEIJING (Reuters) - A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology, developed a brain-computer interface (BCI) ...
Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast
LONDON (Reuters) - Meta Platforms shares plunged 16% early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors. Shares in the Facebook parent were down 15.9% by 0614 GMT. Meta ...
Japan brokerage Daiwa's Q4 profit more than doubles
TOKYO (Reuters) - Daiwa Securities Group, Japan's second largest brokerage and investment bank, reported on Thursday a jump of 131% in quarterly net profit from a year earlier, as its wholesale and asset management segments posted record profits.
Pulled real estate deals highest in Europe since global financial crisis, says MSCI
By Iain Withers LONDON (Reuters) - Real estate deals in Europe fell through in their highest numbers since the global financial crisis in the first quarter of 2024, data firm MSCI Real Assets said on Thursday, as economic uncertainty in the ...
LSEG reports first quarter growth in line with plans
LONDON (Reuters) - The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans, and products from its partnership with Microsoft were due to be rolled out in the first half of 2024. LSEG said total income, ...
Unilever beats quarterly sales growth expectations
(Reuters) - Unilever's underlying first-quarter sales grew by a better than expected 4.4%, it said in a trading update on Thursday, as one of the world's biggest consumer goods companies won back consumers who had traded down to cheaper products.
Ad group WPP reports 1.6% drop in first-quarter organic growth
LONDON (Reuters) - British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it was hit by loss of business from a healthcare client and reduced spending by technology companies. WPP, which ...
Hermes Q1 sales jump 17% on growth across regions
PARIS (Reuters) - Birkin bag maker Hermes reported a 17% surge in first quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter and underlining strong demand for high end luxury. Sales for the first three months ending ...