News
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Tesla's German car sales more than halved in October
Nov 5 (Reuters) - Tesla's TSLA.O sales volume in Germany more than halved in October from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 750 cars in Germany in October, down by 53.5% fro...Reuters
Wed, Nov 5
McDonald's beats sales estimates as value meals pull in cautious diners
By Savyata MishraNov 5 (Reuters) - McDonald's MCD.N beat estimates for third-quarter global comparable sales on Wednesday as affordable meal offers from the fast-food giant helped whet demand even as consumers remained selective with their spending. The burger chain posted global same-store sal...Reuters
Wed, Nov 5
RPT-BREAKINGVIEWS-Wall Street finds limits in Hong Kong’s comeback
By Una Galani HONG KONG, Nov 5 (Reuters Breakingviews) - A sense of relief permeated Hong Kong’s annual gathering of Global Financial Leaders this week as a truce in the Sino-American trade war and a rebound in Chinese equities set a relaxed tone for discussions. An impressive roster of executive...Reuters
Wed, Nov 5
UK consumers bracing for higher taxes from budget, warns M&S boss
Customers 'more worried' after Reeves speech, M&S survey showsConsumer sentiment dropped after last year's budgetDecember the key trading period for most British retailersBy James Davey and Sarah Young LONDON, Nov 5 (Reuters) - British consumers are bracing for higher taxes from t...Reuters
Wed, Nov 5
FACTBOX-BofA's top brass to focus on growth plans at investor day
By Manya Saini Nov 5 (Reuters) - Bank of America's BAC.N top executives will take center stage at Wednesday's investor day in Boston, with analysts expecting them to outline plans to boost performance and narrow the gap to rival JPMorgan Chase JPM.N.Investors in Bank of America will also ...Reuters
Wed, Nov 5
Specialty materials maker Avient's Q3 sales miss estimates due to weak consumer sentiment, tariff policy
OverviewAvient Q3 sales fell 1% yr/yr, missing analyst expectationsAdjusted EPS for Q3 grew 8% yr/yr, in line with company's prior guidanceCompany repaid $50 mln debt in Q3, totaling $100 mln YTDOutlookAvient maintains 2025 full-year adjusted EPS guidance of $2.77 to $2.87Company updates full-ye...Reuters
Wed, Nov 5
Honeywell Automation India's quarterly profit rises on improved demand
Nov 5 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported rise in second-quarter profit on Wednesday, driven by improved industrial activity and execution of existing orders.Profit at the Indian arm of U.S. conglomerate Honeywell International HON.O rose 3.8% year-on-year to 1.2...Reuters
Wed, Nov 5
ECB's Villeroy reaffirms ECB needs "full optionality"
PARIS, Nov 5 (Reuters) - The European Central Bank must keep its options open for interest rate moves at upcoming meetings, ECB policymaker Francois Villeroy de Galhau said during a conference on Wednesday.Speaking at that same conference in Paris, another ECB policymaker, Joachim Nagel, said the EC...Reuters
Wed, Nov 5
Steel group Kloeckner bets on defence growth amid rising demand
By Tom Käckenhoff and Bernadette Hogg Nov 5 (Reuters) - German steel processor Kloeckner & Co KCOGn.DE said it was focusing on expanding its defence footprint in its home market after it reported third-quarter results on Wednesday.Germany loosened its stringent debt rules in March to create a...Reuters
Wed, Nov 5
China bans foreign AI chips for state-funded data centres
Citing two sources familiar with the matter, Reuters reported on Wednesday that China issued a guide that would stipulate new data centre projects that have received any state funds to only use domestically developed Artificial Intelligence (AI) chips.
Fxstreet
Wed, Nov 5
Toronto home sales fall to four-month low in October
By Fergal Smith TORONTO, Nov 5 (Reuters) - Greater Toronto Area home sales fell to a four-month low in October as an uncertain economic outlook discouraged buyers, Toronto Regional Real Estate Board data showed on Wednesday.Seasonally adjusted sales declined 2.3% last month from September to 5,64...Reuters
Wed, Nov 5
China's top trade negotiator: Hope US would create favorable conditions for cooperation
Following his meeting with the agriculture delegation from the United States (US) on Wednesday, China's top trade negotiator Li Chenggang urged the US to create favorable conditions for cooperation.Fxstreet
Wed, Nov 5
CORRECTED-UK services firms report strongest outlook in a year as inflation pressures wane, PMI shows
LONDON, Nov 5 (Reuters) - Output and new orders in Britain's services industry picked up last month, according to a survey released on Wednesday that showed expectations for activity in the next 12 months were the highest since October 2024. The S&P Global UK Services Purchasing Managers'...Reuters
Wed, Nov 5
