By Nick Carey and Christina Amann LONDON (Reuters) - BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker is behind on electrification and could make its stock compete with the likes of Tesla Inc, its top executive said. "There is a perception...
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TAIPEI -Foxconn, the world's largest contract electronics maker, posted on Tuesday a lower fourth-quarter profit that lagged expectations despite strong iPhone 12 sales and pandemic-led demand for telecommuting devices. The Taiwanese firm, which counts technology giants such as Apple Inc (NASDAQ:AAPL) among its major clients, booked October-December net profit of T$45.97 billion ($1.61 billion). That represented a 4% fall from a...
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LONDON (Reuters) -The City of London financial centre, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after the pandemic, the City’s political leader said. Catherine McGuinness, policy chair at the City of London Corporation, told BBC radio she was confident that trade would return for the...
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LONDON (Reuters) -Actor and comedian Lenny Henry and other prominent figures on Tuesday urged Black Britons to take the COVID-19 vaccine after figures showed a big lag in those from Britain's Black community having the shot compared to the rest of the population. The Office for National Statistics said on Monday that while...
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(Reuters) - British shares rose on Tuesday, boosted by gains in banks and miners as investors turned their focus to vaccine-led economic recovery optimism, while Royal Mail (LON:RMG) climbed after announcing a one-off dividend payment. The blue-chip FTSE 100 index was up 0.6%, with bank and mining stocks including HSBC...
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Investing.com – Japan equities were higher at the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 added 0.16%. The biggest gainers of the session on the Nikkei 225 were J.Front Retailing Co., Ltd. (T:3086), which rose 5.24% or 54.0...
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By Peter Nurse Investing.com - European stock markets pushed higher Tuesday, helped by growing French consumer confidence while fears of a broader fallout from the U.S. hedge fund default eased. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.7% higher, the CAC 40 in France rose 0.8%, while the U.K.’s FTSE index climbed 0.7%. French consumer confidence rose unexpectedly in...
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By Alwyn Scott NEW YORK (Reuters) - Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. The firmer tone in Asia comes as Wall Street pared earlier losses driven by the banking sector on fears that...
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(Bloomberg) -- The European Central Bank must be cautious when it shifts away from its emergency stimulus even if the economy rebounds from the pandemic as predicted, according to outgoing policy maker Vitas Vasiliauskas. The Governing Council member and head of Lithuania’s central bank, who steps down from those roles next month, said in...
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By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge has dismissed a lawsuit accusing the Finnish telecommunications company Nokia (HE:NOKIA) of defrauding shareholders by concealing problems in integrating the former Alcatel-Lucent (PA:ALUA) and in its readiness to become a leader in 5G technology. In a decision on Monday night, U.S. District Judge Andrew Carter in Manhattan said Clyde Waite, the plaintiff...
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