Category: Business

Indian battery maker Exide’s quarterly profit rises 22% on auto demand

A customer looks at an Exide solar charge controller for purchase at a shop inside a wholesale electronics market in Kolkata, India, March 19, 2024. REUTERS May 4 (Reuters) – India’s Exide Industries reported a 22.7% rise in fourth-quarter profit, as ​buoyant automotive demand and the continued ‌tailwind from India’s tax cuts last September boosted […]

Russian court freezes assets of Rusagro founder Moshkovich, Ifx reports

Vadim Moshkovich, founder of the country’s top agriculture company Rusagro, who is charged with fraud, stands inside a defendants’ cage during a court hearing on his detention in Moscow, Russia March 27, 2025. REUTERS MOSCOW, May 4 (Reuters) – A ​Russian court ‌froze the assets ​of ​Vadim Moshkovich, the ⁠billionaire ​founder of ​leading agricultural producer […]

Euro zone firms see new inflation surge if war lasts months, ECB poll shows

European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, March 19, 2026. REUTERS FRANKFURT, May 4 (Reuters) – Euro zone firms see the risk of a new inflation surge akin to that seen after the COVID-19 pandemic if the war in Iran ​lasts months, disrupting the supply of fuel, hydrogen […]

India’s Godrej Properties posts quarterly profit rise on housing demand

May 4 (Reuters) – Indian real estate developer Godrej Properties reported a 70% rise in fourth-quarter profit on Monday as demand ​for residential apartments stayed high. Here are some ‌details: The company is one of India’s largest listed residential developers by sales, with a strong presence in key real estate ​markets including the Mumbai Metropolitan […]

UK’s left-wing Greens seek to topple Labour’s London strongholds

Green Party candidate for London mayor Zoe Garbett canvasses in London, Britain April 22, 2026. REUTERS LONDON, May 4 (Reuters) – In the Labour stronghold of Hackney in east London, human rights lawyer Nadeshda Jayakody is one of many voters switching to the Green Party, ​a trend among urban progressives that could cost British Prime […]

South African rand flat ahead of manufacturing data, car sales data

South African Rand coins are seen in this illustration picture taken October 30, 2020. REUTERS JOHANNESBURG, May 4 (Reuters) – The South African rand was flat in early trade on Monday ahead of the release ​of a local manufacturing purchasing managers’ index (PMI) ‌and vehicle sales data for April. At 0639 GMT the rand traded […]

Supply concerns lift orders for Spain’s manufacturers in April, PMI shows

Ebro Automotive’s staff work in a car assembly line at their factory in Zona Franca in Barcelona, Spain November 14, 2024. REUTERS May 4 (Reuters) – Spain’s manufacturing output and new orders rose in April as clients rushed to secure stock amid disruptions due to the ​war in Iran , a survey by S&P Global […]

Shares in German carmakers fall after Trump tariff hike

The logos of carmakers Porsche and Volkswagen are displayed, in Cologne, Germany, March 10, 2026. REUTERS FRANKFURT, May 4 (Reuters) – Shares in ​German auto and ‌truckmakers fell on Monday ​after U.S. ​President Donald Trump ⁠announced an ​increase in ​car import tariffs to 25% from ​15% previously ​agreed, dealing a ‌fresh ⁠blow to the already […]