Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Volkswagen signals staff reductions at union meeting – Spiegel
BERLIN (Reuters) - Representatives of Volkswagen's management announced staff reductions to IG Metall union representatives in Wolfsburg on Monday, according to a report by Spiegel magazine. "The situ...
Nov 27, 2023
Vitesco says new Schaeffler offer for EV merger ‘inadequate’
(Reuters) -German automotive supplier Schaeffler raised its offer price for shares in Vitesco Technologies on Monday, as a goodwill gesture, but Vitesco management said the new offer was "inadequate"....
Nov 27, 2023
Signa likely to make further insolvency filings – source
By Matthias Inverardi FRANKFURT (Reuters) -Further subsidiaries of Austrian property group Signa are expected to file for insolvency as soon as this week, a person with direct knowledge of the matter ...
Nov 27, 2023
Italy court postpones derivatives trial verdict on ex Monte Paschi execs
MILAN (Reuters) - An Italian appeals court on Monday postponed its verdict in the case of three former executives of Banca Monte dei Paschi di Siena over derivative deals blamed for playing a part in ...
Nov 27, 2023
Unicredit removed from list of global systemically important banks
ZURICH (Reuters) - The Financial Stability Board on Monday said it has removed Italy's UniCredit from the list of global systemically important banks and added China's Bank of Communications. The boar...
Nov 27, 2023
Japan, UK discussed global inflation, volatile FX, financial markets
TOKYO (Reuters) - Top finance officials from Japan and Britain exchanged views and analysis on current global and domestic economic challenges such as elevated inflation and volatile currency and fina...
Nov 27, 2023
Deutsche Bank sees 12% upside to S&P 500 through 2024-end
(Reuters) - Deutsche Bank said Monday it expects the S&P 500 to end next year 12% higher, as earnings growth should stay resilient even as the United States experiences a mild and short recession. Str...
Nov 27, 2023
Formerly Philip Morris-backed foundation severs ties with nicotine industry
LONDON (Reuters) - A research foundation originally set up by Philip Morris International (PMI) will no longer accept any funding from the nicotine industry as it seeks to win credibility with tobacco...
Nov 27, 2023
Price-sensitive US shoppers nab early ‘Cyber Monday’ deals
(Reuters) - As the year's biggest U.S. online shopping day got underway on Monday, discount-seekers used their phones and laptops to snap up electronics, clothing, toys, jewelry, appliances and even p...
Nov 27, 2023
Hyundai Motor to halt Asan factory in S.Korea for EV factory construction
SEOUL (Reuters) - Hyundai Motor Co plans to halt its factory in Asan, South Korea, to construct an electric vehicle plant in the period between Dec 31. 2023 to Feb. 13 2024, the South Korean automaker...
Nov 27, 2023
