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By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline on a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech niche markets get drawn into a wider downturn. In a statement, it cited “persistently high inventory levels of our Life Science customers, the further delayed recovery of the market for semiconductor materials, an increased cost level due to […]

(Corrects par 11 to US ambassador took his wife, daughter and her friends to see “Barbie”) By Rocky Swift TOKYO (Reuters) -The Japan opening of the hit film “Barbie” was dealt additional setbacks as an online petition gained steam calling on Hollywood studios to disavow a grassroots marketing movement that made light of nuclear holocaust. A Change.org petition collected more than 16,000 signatures over two days as of Thursday, demanding […]

By Aditi Shah, Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) -China’s loss in India could be Elon Musk’s gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China’s BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to […]

BERLIN (Reuters) -BMW on Thursday reported significantly higher revenues for the first half at 74 billion euros ($80.87 billion), due in part to the integration of its Chinese joint venture BMW Brilliance Automotive (BBA) as well as higher sales and pricing. Its earnings before interest and taxes (EBIT) came in at 9.7 billion euros, up 42.6%, but net profit fell to 6.6 billion euros, also due to the impact of […]

By Stella Qiu SYDNEY (Reuters) – Asian shares stumbled on Thursday as U.S. bonds yields hit nine-month peaks and pushed the dollar higher, while investors waited anxiously to see if results from Apple and Amazon justified the tech sector’s sky-high valuations. Europe looked set for a subdued opening, with EUROSTOXX 50 futures 0.1% lower and FTSE futures up 0.2%. The Bank of England is expected to raise interest rates later […]

BERLIN (Reuters) -German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09 billion euros ($4.47 billion), slightly above expectations of 4.05 billion euros in a company-provided consensus of analysts. “Semiconductor market trends continue to present a mixed picture with both light and shade,” said […]

BERLIN (Reuters) -German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09 billion euros ($4.47 billion), slightly above expectations of 4.05 billion euros in a company-provided consensus of analysts. “Semiconductor market trends continue to present a mixed picture with both light and shade,” said […]

By Liz Lee, Ryan Woo and Ethan Wang BEIJING (Reuters) – From dangerous discharge by swollen rivers to residents trapped in waterlogged cities, China’s disaster-response systems are being put to the test, with record rainfall potentially taking weeks to recede following one of the strongest storms in years. In the wake of Typhoon Doksuri, which landed in southern China on Friday, extreme rain has battered the north, breaking a 140-year […]

By Gram Slattery, Michael Martina and David Lawder ROCHESTER, New Hampshire (Reuters) – At an economic policy speech on Monday, Republican presidential candidate Ron DeSantis repeatedly blamed China for sapping the United States of its financial strength, mentioning the nation no less than 11 times in 20 minutes. It was the latest sign that China has become a dominant issue in the Republican presidential primary race at a time when […]