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Signify dims sales forecast as soft US demand hits professional lighting unit

By Leo Marchandon and Jerome Terroy (Reuters) -Signify, the world’s biggest lights maker, reported a steeper than expected 8.4% drop in third-quarter sales and lowered its full-year guidance on Friday, hit by falling demand from commercial and public sector clients in the United States. The Dutch ...
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Gold funds saw record weekly inflow as prices surged

LONDON (Reuters) -Gold funds received their largest weekly inflow on record in the week to Wednesday, Bank of America Global Research said in a note citing EPFR data, a week in which the precious metal’s price surged to a new record, before retreating sharply. Gold funds ...
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Greece names Chevron, Helleniq Energy consortium as preferred bidder for offshore gas search

ATHENS (Reuters) -Greece has named a consortium of U.S. oil major Chevron and Helleniq Energy, the country’s biggest oil refiner, as preferred bidder for gas exploration in southern offshore blocks, the Greek energy ministry said on Friday. The move comes after Chevron and Helleniq submitted ...
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Asian shares rise after White House confirms plans for Trump to meet with Chinese leader Xi

MANILA, Philippines (AP) — Asian shares were mostly higher Friday after the White House confirmed plans for President Donald Trump to meet with Chinese leader Xi Jinping next week. The confirmation reduced some of the uncertainty surrounding trade tensions between the two biggest economies, though ...
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German business activity surges to two-year-plus high in October, PMI shows

BERLIN (Reuters) -Germany’s private sector recorded its strongest growth in nearly two-and-a-half years in October, buoyed by a robust rise in services activity, a survey showed on Friday. The HCOB preliminary German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 53.8 in ...
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Alaska Airlines says an information technology outage is grounding its flights

SEATTLE (AP) — An information technology outage has prompted Alaska Airlines to ground its planes, the airline said Thursday. The company said in a post on the social platform X that it imposed a “temporary ground stop.” It recommended that passengers check their flight ...
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Writers Guild plans to oppose Paramount-Warner Bros merger, Bloomberg News reports

(Reuters) -The Writers Guild of America, which represents screenwriters and newsroom staffers, said it will oppose a deal combining Paramount Skydance and Warner Bros Discovery, Bloomberg News reported on Thursday. “Merger after merger in the media industry has harmed workers, diminished competition and free speech, ...
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South Korea’s economy grew modestly in Q3 as exports, consumption stay resilient: Reuters poll

By Rahul Trivedi BENGALURU (Reuters) -South Korea’s economy grew at a modest pace last quarter, supported by strong exports and a pickup in household consumption as government measures helped stimulate demand, a Reuters poll suggested. Asia’s fourth-largest economy was projected to have expanded a seasonally adjusted ...
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Japan’s factory activity hits 19-month-low in October, PMI shows

TOKYO (Reuters) -Japan’s manufacturing sector contracted in October at the fastest pace in 19 months due to a sharper decline in new orders, a private-sector survey showed on Friday. The S&P Global flash Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 48.3 in October from ...
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Oil prices dip after surge, remain on track for weekly gain amid supply fears

By Yuka Obayashi TOKYO (Reuters) -U.S. crude futures eased in early trade on Friday, trimming part of the previous day’s surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia’s two biggest oil companies over the war in Ukraine fuelled ...
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Canada caps how many US-made vehicles Stellantis and GM can import tariff-free, CBC reports

(Reuters) -General Motors and Stellantis will no longer be exempt from paying Canada’s retaliatory tariffs on as many U.S.-assembled vehicles as before, CBC News reported on Thursday. The federal government of Canada is limiting the number of tariff-free vehicles the automakers can import from the ...
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Australia’s Sunrise Energy signs five-year scandium option with Lockheed Martin, shares jump

(Reuters) -Australia’s Sunrise Energy Metals said on Friday it has granted U.S. defence contractor Lockheed Martin an option to purchase up to 15 tonnes of scandium oxide produced over five years from its onshore Syerston Scandium Project. Shares of Sunrise were up as much as ...
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