IBT Staff Reporter

Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.

UK PM contenders squabble over tax as campaign kicks off

Italy led a selloff in southern European bonds on Thursday, after the European Central Bank delivered its first interest rate hike since 2011 but left some disappointed with an announcement on a new tool to contain debt market stress.

Freeport-McMoRan Inc, the world's largest publicly traded copper miner, posted a lower-than-expected quarterly profit on Thursday as prices for the red metal slumped amid global recession fears and COVID-19 lockdowns in China.

Ford Motor Co said on Thursday it will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.

Ford Motor Co said on Thursday it will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.

The Biden administration is willing to discuss the existing U.S.-Colombia trade agreement with the Andean country's next president, a senior U.S.

The Biden administration is willing to discuss the existing U.S.-Colombia trade agreement with the Andean country's next president, a senior U.S.

Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade.

Ford Motor Co on Thursday announced a series of deals to accelerate its shift to electric vehicles, including sourcing battery capacity and raw materials from such companies as Chinese battery maker CATL and Australian mining giant Rio Tinto.

U.S. stocks ended higher on Thursday as electric automaker Tesla rose on its stronger-than-expected quarterly results, which helped offset a slide in telecom and energy shares.

The Nasdaq and the S&P 500 rose on Thursday as gains in electric automaker Tesla following its strong quarterly results helped offset a slide in telecom and energy shares.

The Nasdaq rose on Thursday as electric automaker Tesla topped Wall Street's profit target, while the benchmark S&P 500 edged lower due to losses in telecom stocks after AT&T cut its cash flow forecast.

The S&P 500 and the Nasdaq were set to open higher on Thursday as electric automaker Tesla topped Wall Street's profit target, while futures tracking the Dow struggled for direction.

Ukraine's central bank kept its main interest rate unchanged at a seven-year-high of 25% on Thursday and raised its 2022 inflation forecast to more than 30%.

Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices.

Blackstone Inc, the world's largest alternative asset manager, posted an 86% surge in second-quarter distributable earnings on Thursday but warned that the asset sales fueling this growth would slow down amid the economic downturn.

Blackstone Inc, the world's largest alternative asset manager, posted an 86% surge in its second-quarter distributable earnings on Thursday driven by strong asset sales despite a drop in the value of most of its funds amid a market downturn.

HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would move to block the sale of foreign banks' Russian businesses in retaliation for restrictions imposed on its own lenders.

Pope Francis on Thursday called on world leaders to heed the Earth's "chorus of cries of anguish" stemming from climate change, extreme weather and loss of biodiversity.

Fifth Wall, a Los Angeles-based venture capital firm focused on real estate technology, said on Thursday it has raised $500 million for a climate fund to help decarbonize an industry estimated to account for nearly 40% of the world's carbon emissions.

Democratic U.S. Representative Elaine Luria's stint on Thursday leading the questioning at a prime-time hearing into the assault on the Capitol by supporters of then-President Donald Trump will be the highest-profile moment of her four-year-old legislative career.

Angry Iraq buries dead from shelling blamed on Turkey

In Nova Kakhovka, a city in southern Ukraine occupied by Russian troops five months ago on the first day of its invasion, the signs of creeping annexation by Russia are mounting and some residents fear a return to Soviet times.

Malawi's struggle with deadly witchcraft violence

Ukraine grain deal expected Friday as Russian gas flows resume

Chemicals maker Dow Inc projected third-quarter sales below market estimates on Thursday, blaming a global surge in inflation for a demand slowdown and sending its shares down 3%.

Former President Luiz Inacio Lula da Silva was officially nominated by his Workers Party (PT) on Thursday to run on Oct.

Indonesia's central bank left its policy interest rate unchanged at a record low on Thursday but said it would lift yields on other short-term debt, taking the money market back towards pre-pandemic normality.