(Reuters) -MP Materials, which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.S. levies, sending the company’s shares down nearly 5%.The move essentially halts a major source of revenue for MP Materials, which has relied on Chinese partners for years to refin ...
By Dominique PattonPARIS (Reuters) - L’Oreal reported a rise in first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its creams and perfume in Europe helped counter challenging conditions in the United States.The French group, which makes Maybelline mascara and Kiehl’s skincare, posted like-for-like sales up 3.5%, though they were inflated 2 percentage ...
Investing.com – Russia stocks were higher after the close on Thursday, as gains in the Oil & Gas, Power and Manufacturing sectors led shares higher.At the close in Moscow, the MOEX Russia Index rose 0.10%.The best performers of the session on the MOEX Russia Index were Rosneft PJSC (MCX:ROSN), which rose 5.83% or 26.35 points to trade at 478.60 at the close. Meanwhile, AK ALROSA PJSC (MCX:AL ...
Investing.com -- Hewlett Packard Enterprise’s (NYSE:HPE) board of directors is expected to meet in the coming days to discuss a proposal from Elliott Investment Management to replace CEO Antonio Neri, according to Semafor, citing people close to the company. Neri, a company veteran who has led HPE since 2018, has come under scrutiny amid challenges in shareholder performance and strategic execut ...