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Porsche’s Blume: No plans to reconsider dual CEO rule after ‘very positive’ IPO
By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) -Porsche AG Chief Executive Oliver Blume said there was no timeframe planned to re-evaluate his dual role as head of the newly independ...
Syndicated Content Sep 29, 2022
Euro zone bond yields rise, focus on UK gilts, inflation data
By Stefano Rebaudo (Reuters) - Euro zone government bond yields rose on Thursday as German data shifted the market focus to surging inflation, while gilt investors resumed selling after the Bank of En...
Syndicated Content Sep 29, 2022
Volkswagen faces Israeli emissions class action suit after court ruling
JERUSALEM (Reuters) - Volkswagen faces a class action suit in Israel after a court ruled in favour of petitioners seeking compensation from the German carmaker over diesel emissions cheating. A Tel Av...
Syndicated Content Sep 29, 2022
SoftBank cuts about 150 staff globally -source
By Anirban Sen, Sam Nussey and Julie Zhu NEW YORK/TOKYO (Reuters) - Japan's SoftBank Group Corp is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person ...
Syndicated Content Sep 29, 2022
Google to build its first cloud region in Greece
ATHENS (Reuters) - Alphabet Inc's Google will set up its first cloud region in Greece, the company said on Thursday, giving a boost to the country's efforts to become a world cloud computing hub. The ...
Syndicated Content Sep 29, 2022
China’s smaller banks cut deposit rates to ease margin pressure
BEIJING/SHANGHAI (Reuters) - A string of small and mid-sized Chinese banks are following their larger peers and cutting deposit interest rates in the first broad-based move since 2015 to ease pressure...
Syndicated Content Sep 29, 2022
Lindt wins chocolate bunny battle in Swiss court
ZURICH (Reuters) - Lindt & Spruengli's foil-wrapped chocolate bunnies deserve protection from copycat products, Switzerland's highest court ruled on Thursday, and ordered German discounter Lidl to sto...
Syndicated Content Sep 29, 2022
Return of pet projects in U.S. Congress crowds out funding for others
By Andy Sullivan (Reuters) - Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring. The reason: Congress is yet ...
Syndicated Content Sep 29, 2022
Leapmotor and Onewo shares tumble in Hong Kong debut
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) - Hong Kong's two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts on Thursday, dampening ...
Syndicated Content Sep 29, 2022
Marketmind: Dysfunction and intervention
A look at the day ahead in U.S. and global markets from Mike Dolan. Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a c...
Syndicated Content Sep 29, 2022
Peoria, IL, USA
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