Category Archives:
Elevator maker Kone divests Russia business
COPENHAGEN (Reuters) - Finnish elevator maker Kone said on Tuesday it will sell its business in Russia to local management for an undisclosed amount. The firm had already reduced its activities after ...
Jun 28, 2022
Hedge funds turn tail as commodities crumble on recession rumble: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) - Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing its luster. C...
Jun 28, 2022
Australia’s Sayona, partner approve restart of Quebec lithium plant operation
(Reuters) - Lithium producer Sayona Mining and its U.S.-based partner Piedmont Lithium Inc approved restart of their spodumene plant in Canada at a cost of C$98 million ($76.19 million), the Australia...
Jun 28, 2022
Ericsson’s $6.2 billion Vonage takeover delayed over U.S. review
OSLO/STOCKHOLM (Reuters) - Ericsson said on Tuesday the closing of its $6.2 billion Vonage acquisition was delayed to the end of July, from the first half of the year, due to a pending investigation b...
Jun 28, 2022
Valeo strikes deal to deliver driving assistance systems to BMW’s electric vehicle platform
PARIS (Reuters) - French car parts company Valeo said on Tuesday it had won a major contract with BMW to equip the German carmaker's upcoming electric vehicle platform with its advanced driving assist...
Jun 28, 2022
Julius Baer CEO says Switzerland needs two big banks to fuel competition – report
ZURICH (Reuters) - Switzerland needs two big banks to fuel competition, the chief executive officer of Julius Baer said in a newspaper interview amid speculation about the future of Credit Suisse, the...
Jun 28, 2022
Boost for luxury London property prices as Russians locked in
By Carolyn Cohn and Kirstin Ridley LONDON (Reuters) - The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of sup...
Jun 28, 2022
Analysis: Private equity’s swoop on listed European firms runs into rising execution risks
By Joice Alves, Emma-Victoria Farr and Sinead Cruise LONDON (Reuters) - European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cas...
Jun 28, 2022
German consumer sentiment plunges to new record low – GfK
BERLIN (Reuters) - German consumer sentiment is projected to fall to another record low in July, as the Ukraine war and interrupted supply chains push up energy and food prices even further, a survey ...
Jun 28, 2022
U.S. NHC says 20% chance of cyclone over Gulf of Mexico
(Reuters) - There is a 20% chance of a cyclone forming in the next 48 hours over the north-central Gulf of Mexico, the U.S. National Hurricane Center (NHC) said on Tuesday. "While shower and thunderst...
Jun 28, 2022
Thu May 14
Peoria, IL, USA
62°F
