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German economic institutes see 2023 contraction as gas crisis hits
BERLIN (Reuters) - Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 projection to -0.4% fr...
Syndicated Content Sep 29, 2022
China’s central bank to step up efforts to support economic recovery
BEIJING (Reuters) - China's central bank said on Thursday it will step up efforts to consolidate economic recovery, which still faces some downward pressures. China's economy continues to recover, but...
Syndicated Content Sep 29, 2022
KKR’s tender offer for Hitachi Transport to be delayed -statement
TOKYO (Reuters) - Japan's Hitachi Transport System Ltd said on Thursday it had been informed by KKR & Co that the private equity firm's tender offer for it would be delayed from the initially planned ...
Syndicated Content Sep 29, 2022
CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
FRANKFURT (Reuters) - Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the "historic moment" of the luxury car brand listing on Thursday after Germany's bi...
Syndicated Content Sep 29, 2022
UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course
LONDON (Reuters) -British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on Thursday she was willing to take "controversial" steps to reignite growth and...
Syndicated Content Sep 29, 2022
Europe’s STOXX 600 drops 1% ahead of German inflation data
(Reuters) - Europe's STOXX 600 index fell on Thursday, led by declines in shares of Swedish group H&M after dismal earnings, with investors awaiting a reading on German inflation data for clues on int...
Syndicated Content Sep 29, 2022
Porsche AG shares debut at 84 euros
BERLIN (Reuters) - Porsche AG shares debuted at 84 euros ($81.15) on the stock market on Thursday in Germany's biggest initial public offering (IPO) in more than 25 years. Books closed on Wednesday wi...
Syndicated Content Sep 29, 2022
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) - The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in financing the transformation towards ...
Syndicated Content Sep 29, 2022
JP Morgan Swiss head Bossart moves to Rothschild & Co
By Oliver Hirt ZURICH (Reuters) - U.S. investment bank JP Morgan's head of Switzerland, Nick Bossart, is moving to Rothschild & Co to lead its Swiss advisory business for mergers and capital market tr...
Syndicated Content Sep 29, 2022
Spain’s 12-month inflation slows down to 9.0% in September from 10.5%
(Reuters) - Spain's consumer prices rose 9.0% year-on-year in September, down from 10.5% in the previous month, preliminary data from the National Statistics Institute (INE) showed on Thursday. The re...
Syndicated Content Sep 29, 2022
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