Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Insurers, financial cos weigh on European shares
(Reuters) - European shares dropped on Wednesday, with insurance and financial stocks taking the biggest hit, as investors assessed economic data and corporate earnings ahead of the remarks from major...
Nov 08, 2023
Monte dei Paschi beats profit forecast, strengthens capital
MILAN (Reuters) - State-owned Monte dei Paschi di Siena on Wednesday became the latest Italian bank to surprise markets with stronger-than-expected third-quarter earnings thanks to a boost from higher...
Nov 08, 2023
Renault cuts Nissan stake to 15% after transferring shares to trust
TOKYO (Reuters) -France's Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting t...
Nov 08, 2023
Column-October suddenly looks like a bad bond dream: Mike Dolan
By Mike Dolan LONDON (Reuters) - If the notorious 'term premium' is evaporating again, then last month's bond rout may just have been a nightmare. But it may require monitoring Treasury and Congress a...
Nov 08, 2023
CEO says Bayer is looking into break-up, will cut management jobs
By Ludwig Burger FRANKFURT (Reuters) - Bayer said on Wednesday it was looking into splitting off either the diversified group's Consumer Health or Crop Science division, but ruled out a three-way spli...
Nov 08, 2023
Continental boosts earnings on higher pricing, lower inventories
By Victoria Waldersee BERLIN (Reuters) -Continental reported earnings in line with consensus on Wednesday as successful price negotiations, lower inventory and stabilised supply chains enabled it to b...
Nov 08, 2023
Adidas third-quarter profit margin grows as inventories shrink
By Helen Reid LONDON (Reuters) -Adidas struck an optimistic note on Wednesday as it reported a drop in inventory levels, saying retailers are "visibly" more interested in its fall/winter 2024 range as...
Nov 08, 2023
Global fashion factories in Bangladesh resigned to slimmer margins ahead of wage hike
By Ruma Paul and Krishna N. Das DHAKA/NEW DELHI (Reuters) - Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients that include H&M to help them pay for an a...
Nov 08, 2023
Exclusive-China authorities ask Ping An to take controlling stake in Country Garden, sources say
(Reuters) - Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with t...
Nov 08, 2023
Commerzbank Q3 net profit more than triples, beats expectations
FRANKFURT (Reuters) - Germany's Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates. Net profit of 684 millio...
Nov 08, 2023
