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(Reuters) – PJM Interconnection, the biggest U.S. electric grid operator, issued a level one emergency alert for Thursday as people crank up air conditioners to stave off the heat wave. The operator issued an Energy Emergency Alert Level 1 late on Wednesday for July 27, signaling that it had available resources to meet firm load and reserve commitments, and was concerned about sustaining its required Contingency Reserves. PJM oversees supply […]

By Andres Gonzalez and Jesús Aguado LONDON/MADRID (Reuters) -Spain’s Santander is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said. Santander’s global corporate and investment banking chief, Jose M. Linares, discussed the plans in a town hall held in New York last week, the sources said. The […]

(Reuters) – PJM Interconnection, the biggest U.S. electric grid operator, issued a level one emergency alert for Thursday as people crank up air conditioners to stave off the heat wave. The operator issued an Energy Emergency Alert Level 1 late on Wednesday for July 27, signaling that it had available resources to meet firm load and reserve commitments, and was concerned about sustaining its required Contingency Reserves. PJM oversees supply […]

BERLIN (Reuters) -Volkswagen will concentrate on improving net cash flow in the second half as logistics bottlenecks ease, the German carmaker said on Thursday, even as it slightly lowered its 2023 outlook for deliveries. “In the first half of the year, we achieved solid financial results and took major steps to improve our competitiveness. The focus for the second half is now on strengthening net cash flow,” said Chief Financial […]

By Yimou Lee and Ann Wang TAIPEI (Reuters) – Southern Taiwan on Thursday shut businesses and schools while airlines cancelled hundreds of flights amid warnings of landslides and floods as Typhoon Doksuri churned past the island en route to China where it will make landfall later this week. As of 10:15 a.m. (0215 GMT) Typhoon Doksuri, categorised at the second-strongest typhoon level by Taiwan’s weather bureau, headed towards the southern […]

PARIS (Reuters) – Vacation rentals company Airbnb said on Wednesday that it had noted an “exceptional level” of demand for properties in the greater Paris region, known as Ile-de-France, just a year ahead of next year’s Olympics in the city. Airbnb said searches for properties in the greater Paris region were up by 30% in the second quarter versus the first quarter. (Reporting by Sudip Kar-Gupta; editing by Jason Neely) […]

(Reuters) – French car maker Renault on Thursday posted an operating margin of 7.6% for the first half year, it’s highest ever, helped by cost reductions and new products. The company, whose brands include Alpine sports-cars and Dacia, also returned to a net profit in the six months through June, recording a net income of 2.12 billion euros ($2.35 billion) after posting a 1.68 billion loss in the first half […]

By Davide Barbuscia and David Randall NEW YORK (Reuters) – U.S. bond investors were gauging how to navigate a prolonged period of higher interest rates that some expect to weigh on U.S. growth, after the Federal Reserve on Wednesday left open the possibility of more rate increases and excluded easing financial conditions anytime soon. With its latest 25 basis point interest rate increase now in the books, the Fed has […]

By Joyce Lee and Ju-min Park SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained to high-end chips used in artificial intelligence. The move underscores the unprecedented semiconductor downturn that led the South Korean firm to incur a record 8.9 trillion won ($7 billion) operating loss from its […]