WASHINGTON (Reuters) – U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September. Monthly house prices fell in July for the first time since late 2018. House prices rose 10.6% year-on-year […]

By Valentina Za and Claudia Cristoferi MILAN (Reuters) -Italian fashion group Prada is set to hire former Luxottica chief Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, a source with knowledge of the matter said. Founded in Milan in 1913 by […]

LONDON (Reuters) – Britain’s Rolls-Royce said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonizing air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal […]

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in […]

By Yimou Lee TAIPEI (Reuters) – Foxconn’s flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world’s largest Apple iPhone factory has been […]

By Jamie McGeever ORLANDO, Fla. (Reuters) -As Wall Street reopens after the Thanksgiving holiday, investors are looking for one final push to ensure 2022 ends up being merely grim rather than the bloodbath most had feared. Since hitting a two-year low in October, the S&P 500 has rebounded 15% even though interest rates, Fed tightening […]

By Dominique Vidalon PARIS (Reuters) -Shares in Remy Cointreau fell as much as 4% on Thursday after the French spirits maker said it was “cautiously optimistic” about the Chinese market where COVID-19 continues to trigger lockdowns. The maker of Remy Martin cognac and Cointreau liqueur posted a stronger-than-expected 27% jump in first-half operating profit but […]

By Bianca Flowers and Aishwarya Nair CHICAGO (Reuters) -Deere & Co on Wednesday posted a quarterly profit that easily beat Wall Street estimates with strong sales accelerated by price hikes for its agriculture and construction equipment, sending its shares to a record high. Despite supply chain challenges, the world’s largest farm equipment maker reported a […]