Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Julius Baer declines to confirm Signa exposure
ZURICH (Reuters) - Julius Baer's Chief Executive declined to confirm on Wednesday whether the private bank's 606 million Swiss franc ($693 million) exposure it disclosed earlier this week is to topple...
Nov 29, 2023
Portugal extends tax breaks for foreign residents despite house price concerns
By Sergio Goncalves LISBON (Reuters) - Portugal's parliament on Wednesday extended tax breaks for foreign residents until the end of next year despite criticism that the scheme has stoked housing pric...
Nov 29, 2023
Exclusive-Alter Domus owners pursue stake sale in fund administrator –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) - The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more th...
Nov 29, 2023
EVs struggle with reliability due to charging, battery issues – Consumer Reports survey
By Nathan Gomes (Reuters) - Electric vehicles continue to grapple with poor reliability due to charging and battery issues, a survey by an influential U.S. non-profit organization showed on Wednesday,...
Nov 29, 2023
Nestle to invest $1.2 billion in Brazil by 2025
SAO PAULO (Reuters) - Nestle said on Wednesday it will invest about 6 billion reais ($1.23 billion) in Brazil by the end of 2025 as it aims to grow its business and expand manufacturing capacity in th...
Nov 29, 2023
UK regulator to review supermarket loyalty scheme prices
By James Davey LONDON (Reuters) -Britain's antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco's Clubcard and Sainsbury's Nectar, to consider whether it ...
Nov 29, 2023
Digital bank robberies key risk for central bank e-money, BIS report warns
By Marc Jones LONDON (Reuters) - Digital bank robberies and other cyber hacks will be a key risk for countries launching digital versions of their currencies, a new report from the Bank for Internatio...
Nov 29, 2023
KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
(Reuters) - KKR & Co said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal. Private equity firm KKR ...
Nov 29, 2023
Foot Locker tops quarterly comparable sales estimate
(Reuters) - Foot Locker on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores. The company'...
Nov 29, 2023
Hormel Foods forecasts full year 2024 profit below estimates as consumers cut back
(Reuters) - Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as we...
Nov 29, 2023
