Category Archives:
Daimler to keep 35% stake in trucks spin-off as separation nears
FRANKFURT (Reuters) -Daimler will keep a 35% stake in the trucks division it plans to spin off later this year, the luxury carmaker said on Friday, unveiling more details about the landmark corporate ...
Jul 30, 2021
RCS says no risk provisions needed for Blackstone property dispute
MILAN (Reuters) - The board of RCS MediaGroup decided on Friday not to set aside provisions for legal risks related to the litigation with Blackstone over the sale of the Italian publisher's headquart...
Jul 30, 2021
Bombardier reaches agreement with Canadian union members
(Reuters) - Business jet maker Bombardier Inc said on Friday it reached an agreement with Toronto members of Canada's largest private-sector union. The parties have tentatively renewed the collective ...
Jul 30, 2021
S.Africa’s Transnet to lift force majeure at container terminals from Monday
JOHANNESBURG (Reuters) - South African state logistics firm Transnet on Friday said it would lift the force majeure it declared at its container terminals from Monday, after a cyber attack hampered op...
Jul 30, 2021
Bullard: Fed should taper this fall, go “fairly rapidly” to end early 2022
WASHINGTON (Reuters) - The Federal Reserve should start reducing its $120 billion in monthly bond purchases this fall and cut them "fairly rapidly" so the program ends in the first months of 2022 and ...
Jul 30, 2021
U.S. equity funds see big inflows on earnings optimism – Lipper
(Reuters) - U.S. equity funds saw strong inflows in the week to July 28, bolstered by optimism over earnings and hopes for a faster economic recovery from the COVID-19 pandemic. U.S. equity funds attr...
Jul 30, 2021
Russian retailer Magnit eyes expansion of new ready-to-eat project
MOSCOW (Reuters) - Magnit, one of Russia's largest food retailers, said on Friday it had launched a range of ready-to-eat products at certain stores and could develop the project further with the cons...
Jul 30, 2021
Gopuff valued at $15 billion after raising funds from global investors
(Reuters) -Delivery startup Gopuff said on Friday it raised $1 billion from global investors, including Guggenheim Investments and SoftBank Vision Fund 1, valuing the company at around $15 billion. Th...
Jul 30, 2021
U.S. labor costs increase solidly in second quarter
WASHINGTON(Reuters) - U.S. labor costs increased solidly in the second quarter as companies raised wages and benefits to attract workers, supporting views that high inflation could persist beyond this...
Jul 30, 2021
Russia’s key rate seen peaking at 7% this year before cuts return in 2022: Reuters poll
By Alexander Marrow MOSCOW (Reuters) - Russia will raise its key interest rate to 7% by the end of 2021 to rein in inflation that is hovering near a five-year peak, before returning to rate cuts in 20...
Jul 30, 2021
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