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China’s Powerlong Real Estate warns of debt default risk
(Reuters) - Powerlong Real Estate said on Wednesday its cash on hand and bank deposits would not be enough to cover existing and future debt, making it the latest Chinese property developer that could...
Syndicated Content Nov 29, 2023
Foot Locker to step into India, inks deals with Metro Brands, Nykaa
By Hritam Mukherjee BENGALURU (Reuters) -Foot Locker will enter the Indian market in 2024 in partnership with local peer Metro Brands and cosmetics-to-fashion retailer Nykaa, the U.S.-based athleisure...
Syndicated Content Nov 29, 2023
Julius Baer declines to confirm Signa exposure
ZURICH (Reuters) - Julius Baer's Chief Executive declined to confirm on Wednesday whether the private bank's 606 million Swiss franc ($693 million) exposure it disclosed earlier this week is to topple...
Syndicated Content Nov 29, 2023
Portugal extends tax breaks for foreign residents despite house price concerns
By Sergio Goncalves LISBON (Reuters) - Portugal's parliament on Wednesday extended tax breaks for foreign residents until the end of next year despite criticism that the scheme has stoked housing pric...
Syndicated Content Nov 29, 2023
Exclusive-Alter Domus owners pursue stake sale in fund administrator –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) - The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more th...
Syndicated Content Nov 29, 2023
Top US Senate Democrat Chuck Schumer warns against surge of antisemitism
By Doina Chiacu WASHINGTON (Reuters) - Senate Majority Leader Chuck Schumer warned on Wednesday against blaming Jewish Americans for the actions of Israel's government, as antisemitism swelled in the ...
Syndicated Content Nov 29, 2023
EVs struggle with reliability due to charging, battery issues – Consumer Reports survey
By Nathan Gomes (Reuters) - Electric vehicles continue to grapple with poor reliability due to charging and battery issues, a survey by an influential U.S. non-profit organization showed on Wednesday,...
Syndicated Content Nov 29, 2023
Nestle to invest $1.2 billion in Brazil by 2025
SAO PAULO (Reuters) - Nestle said on Wednesday it will invest about 6 billion reais ($1.23 billion) in Brazil by the end of 2025 as it aims to grow its business and expand manufacturing capacity in th...
Syndicated Content Nov 29, 2023
UK regulator to review supermarket loyalty scheme prices
By James Davey LONDON (Reuters) -Britain's antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco's Clubcard and Sainsbury's Nectar, to consider whether it ...
Syndicated Content Nov 29, 2023
Digital bank robberies key risk for central bank e-money, BIS report warns
By Marc Jones LONDON (Reuters) - Digital bank robberies and other cyber hacks will be a key risk for countries launching digital versions of their currencies, a new report from the Bank for Internatio...
Syndicated Content Nov 29, 2023
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