Stocks News

By Benjamin Mallet PARIS (Reuters) – French utility EDF has warned drawn-out strikes at its nuclear reactors and hydro-electricity plants have cost it 1 billion euros ($1.10 billion) in lost output and that it is reviewing hiring plans for the year, three sources said.

MILAN (Reuters) – Stellantis has managed to preserve a strong pricing power in North America, its CEO Carlos Tavares told shareholders on Thursday, in contrast with signs of pricing power declining for global automakers, with possible impacts on margins.

A look at the day ahead in U.S. and global markets from Mike Dolan

By Allison Lampert and Abhijith Ganapavaram

By Timothy Aeppel, Ben Klayman and Nichola Groom

HONG KONG (Reuters) – Chinese ride-hailing giant Didi Global showed off a robotaxi concept car it called “Didi Neuron” during a company event broadcast online on Thursday, which has robotic arms that can help passengers pick up bottles of water or carry their luggage.

HONG KONG (Reuters) – Shares of embattled Chinese property developer Sunac China fell 38% on Thursday morning after the stock resumed trade following a suspension of more than a year.

MILAN (Reuters) – Former Italian Prime Minister Berlusconi is continuing to show an improvement in his health but he remains in intensive care, the Milan hospital treating him for leukaemia and a lung infection said on Thursday.

PARIS (Reuters) – Renault on Thursday announced a long-term commercial partnership with French start-up Verkor for the supply of electric batteries with an overall capacity of 12 GWh per year, including for Renault’s future compact Alpine model.

SINGAPORE (Reuters) – Zurich-based Julius Baer has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday.

HOUSTON (Reuters) – Chevron Corp (CVX.N) paid Chief Executive Michael Wirth $23.6 million last year, a 4% increase from a year before, according to securities filings released on Wednesday.

(Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, reported on Thursday a 16.4% rise in first-half operating profit.

By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounting watchdog said on Thursday.

ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday.

(Reuters) – Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level.

By Nick Carey LONDON (Reuters) – Legacy automakers got off to a late start with their commercial electric vans, opening the door for other electric commercial vehicle (ECV) makers to gain a foothold, as the Maxus brand from China’s SAIC Motor Corp has done in Europe.

TOKYO (Reuters) – A casino resort project in Osaka, western Japan, is in the final stages of the government’s approval process, Prime Minister Fumio Kishida told reporters on Thursday.

(Reuters) – Apple Inc has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021, Bloomberg News reported on Thursday.

A look at the day ahead in European and global markets from Tom Westbrook

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.