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Chinese cognac sales drive Remy Cointreau to Q4 sales beat
LONDON (Reuters) -Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday, saying "significant growth" in China helped drive performance at its cognac division well above analysts' expectations. Remy, which makes over 70% of its sales from cognac Beijing auto show: Themes and highlights
BEIJING (Reuters) - China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. Here are the main takeaways Amundi's Q1 inflows beat expectations on Asian JV contribution
PARIS (Reuters) - Amundi, Europe's biggest fund manager, posted better-than-expected first-quarter inflows on Friday thanks to its joint ventures in Asia and continued appetite for risk-averse products that underpinned 9.4% yearly growth of assets under management. Total AUM at A Analysis-Investors brace for 5% Treasury yields as US inflation worries mount
By: David Randall NEW YORK (Reuters) - As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Bond yields, which move inversely to prices, have climbed in recent weeks as signs of persistent US to announce new restrictions on firearm exports, official says
By: David Shepardson WASHINGTON (Reuters) - The Biden administration plans to impose new restrictions on firearms exports and increase scrutiny on transactions to limit diversions of guns to drug cartels, criminal groups, gangs and others, a Commerce Department official said late Morning Bid: Reading BOJ's tea leaves
A look at the day ahead in European and global markets from Rae Wee The Bank of Japan's (BOJ) decision to keep interest rates around zero didn't come as a surprise, and focus now turns to Governor Kazuo Ueda's press conference late on Friday for further clues on next steps. Markets Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
By: Abhirup Roy, Norihiko Shirouzu and Hyunjoo Jin SAN FRANCISCO/AUSTIN, Texas (Reuters) - Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit riv Former exec Baglino sells Tesla shares worth $181.5 million, SEC filing shows
(Reuters) - Former Tesla executive Drew Baglino has sold shares worth around $181.5 million in the world's top EV maker, according to a SEC filing on Thursday. Baglino, a Tesla veteran who began his career as an engineer in 2006 and was one of four members, along with Elon Musk, o BOJ keeps rates steady, projects inflation staying near 2% in coming years
TOKYO (Reuters) - The Bank of Japan kept interest rates unchanged on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year. As widely expected, the BOJ maintained Musk's X says posts of Australia bishop stabbing don't promote violence
By: Byron Kaye SYDNEY (Reuters) - Elon Musk's social media platform X defended publishing posts showing a bishop in Australia being stabbed during a sermon as "part of public discussion", rejecting a regulator's order to take down the content on grounds it is offensive and violent Analysis-The glitch in Japan's plans to bolster U.S. defence
By: Kaori Kaneko, Tim Kelly and John Geddie TOKYO (Reuters) - As the United States faces security threats across the globe, its close ally Japan has committed to stepping up as a trusted defence partner - but Tokyo's cyber and information security vulnerabilities remain a concern, China passes tariff law as tensions with trading partners simmer
BEIJING (Reuters) - China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world's No.2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity. The Tariff Law, w Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
By: Rae Wee SINGAPORE (Reuters) -The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market. The BOJ kept interest rates India votes in second election phase as Modi vs Gandhi contest heats up
By: Haripriya Suresh and Chris Thomas BENGALURU/KOTTAYAM, India (Reuters) -India began voting on Friday in the second phase of the world's biggest election, as Prime Minister Narendra Modi and his rivals raise the pitch of the campaign by focusing on hot-button issues such as reli 'Negative' factors building in U.S.-China ties, foreign minister Wang tells Blinken
By: Simon Lewis BEIJING (Reuters) -The United States is suppressing China's development, Foreign Minister Wang Yi said on Friday during talks with his U.S. counterpart Antony Blinken who is on a visit to Beijing aimed at resolving trade and policy differences between the superpowe South Korea's public finances no longer a credit rating 'strength', Fitch says
By: Jihoon Lee SEOUL (Reuters) - South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts to contain the rise in debt, global ratings agency Fitch said. "We've seen a bit of a deterioration in pu Oil prices on track to snap two-week losing streak
By: Georgina McCartney (Reuters) -Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futur Japan's yen hits fresh 34-year low after BOJ holds interest rates
By: Tom Westbrook SINGAPORE (Reuters) - The yen hit its weakest level in three decades against the U.S. dollar after the Bank of Japan left interest rates on hold on Friday, leaving traders on edge about the risk of official intervention. The yen was 0.3% weaker at 156.1 per dollar Trump compares campus Israel protests to 2017 white nationalist rally
By: Nathan Layne (Reuters) - Donald Trump on Thursday criticized the mostly peaceful protests on U.S. college campuses over Israel's war in Gaza, describing them as "tremendous hate," while saying that the violence at a white nationalist rally in Virginia when he was president was Global economy set to stay on a roll for the rest of the year - Reuters poll
By: Hari Kishan BENGALURU (Reuters) - The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown, according to a Reuters poll of economists who said stronger growth than forecast was more likely than
