U.S. producer prices rise slightly; cost of goods declines

U.S. producer prices rise slightly; cost of goods declines
WASHINGTON, (Reuters) – U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services, leading to the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, California U.S., December 1, 2016.... Read More

Shares flat as investors parse economic data, dollar dips for third day

Shares flat as investors parse economic data, dollar dips for third day
LONDON (Reuters) – World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even a stronger-than-expected U.S. inflation print failed to shake bets on Federal Reserve interest rate cuts. FILE PHOTO: People walk through the lobby of the London Stock Exchange in London,... Read More

Asian shares veer between gains and losses before key China data

Asian shares veer between gains and losses before key China data
SHANGHAI (Reuters) – Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside a brokerage in Tokyo, Japan,... Read More

Asian shares dart between gains and losses before key China data

Asian shares dart between gains and losses before key China data
SHANGHAI (Reuters) – Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside a brokerage in Tokyo, Japan,... Read More

ABB’s Voser battles headwinds as pursues overhaul, new CEO

ABB’s Voser battles headwinds as pursues overhaul, new CEO
ZURICH (Reuters) – ABB (ABBN.S) is pressing ahead with a review of its underperforming businesses and expects a customer slowdown and China-U.S. trade tensions to mean a turbulent year, its Chairman and interim Chief Executive Peter Voser told Reuters. FILE PHOTO: Chairman Peter Voser of Swiss power technology and automation group ABB addresses the company’s annual shareholder meeting in Zurich,... Read More

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources
FRANKFURT/LONDON (Reuters) – Bayer (BAYGn.DE) has approached U.S. drug firm Elanco Animal Health (ELAN.N) to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters. A logo of Bayer AG is pictured at the so called ‘Chempark’, the main plant and headquarters of German pharmaceutical and chemical maker Bayer... Read More

The $280,000 lab-grown burger could be a more palatable $10 in two years

The $280,000 lab-grown burger could be a more palatable $10 in two years
MADRID/ZURICH (Reuters) – Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit supermarket shelves at $10 a patty within two years, European start-ups told Reuters. Mercedes Vila, co-founder of Biotech Foods, works in the company’s laboratory in San Sebastian, Spain, June 19, 2019. REUTERS/Vincent West Consumers concerned about climate change,... Read More

E-scooters put Swedish start-up on road to positive cashflow

E-scooters put Swedish start-up on road to positive cashflow
STOCKHOLM (Reuters) – Growing numbers of young people whizzing around Europe’s big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing start-up VOI they offer a path to positive cashflow. Electric scooters from Swedish startup VOI and Belin-based Tier sit parked side-by-side in Stockholm, Sweden July 7, 2019. Picture taken July 7,... Read More

‘Safe like China’: In Argentina, ZTE finds eager buyer for surveillance tech

‘Safe like China’: In Argentina, ZTE finds eager buyer for surveillance tech
SAN SALVADOR DE JUJUY, Argentina (Reuters) – In Argentina’s remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation’s vast surveillance state – security cameras that the local government says will help to curb street crime. FILE PHOTO: Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at... Read More

UK competition regulator puts brake on Amazon’s Deliveroo investment

UK competition regulator puts brake on Amazon’s Deliveroo investment
(Reuters) – Britain’s competition regulator has stepped in to pause Amazon’s (AMZN.O) investment in online food delivery group Deliveroo while it considers launching a full investigation. The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol Amazon led a $575 million fundraising in Deliveroo in May, making what the two parties... Read More