Category Archives:
Hermes eyes big price rises, says no sign of slowdown
PARIS (Reuters) - Birkin bag maker Hermes said it would likely hike prices by 5% to 10% in 2023, much more than in the past, after reporting a sharp rise in sales growth over the third quarter and see...
Oct 20, 2022
Mercedes signs deal with Rock Tech Lithium to push e-vehicle drive
BERLIN (Reuters) - Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium Inc to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the German carm...
Oct 20, 2022
Australia’s Victoria gov’t raises renewable energy goals as state election looms
SYDNEY (Reuters) - The Labor government of Australia's Victoria state said on Thursday it would raise its renewable energy targets and proposed government ownership of future power generation if it wi...
Oct 20, 2022
Philip Morris sweetens buyout offer for Swedish Match to $15.8 billion
(Reuters) -Marlboro cigarettes-maker Philip Morris International Inc on Thursday raised its buyout offer for Swedish Match AB to 116 crowns per share and said it had no plans to increase its bid furth...
Oct 20, 2022
Norway’s DNB reports rising Q3 net profit, as expected
OSLO (Reuters) - DNB, Norway's largest bank, on Thursday became the latest Nordic bank to report a jump in third-quarter profits due to rising interest rates, in line with forecasts. Net profit rose t...
Oct 20, 2022
America’s new nuclear power industry has a Russian problem
By Sarah McFarlane, Timothy Gardner and Susanna Twidale WASHINGTON/LONDON (Reuters) - U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big probl...
Oct 20, 2022
Pernod Ricard confident over FY as Q1 sales beat expectations
PARIS (Reuters) - French spirits maker Pernod Ricard said on Thursday it expected "dynamic" sales growth to continue through its 2023 fiscal year after it delivered a forecast-beating 11% sales growth...
Oct 20, 2022
China holds emergency talks with chip firms after U.S. curbs- Bloomberg News
(Reuters) - China's Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from t...
Oct 20, 2022
Truck maker AB Volvo posts third-quarter earnings slightly below forecasts
(Reuters) - Swedish truck maker AB Volvo posted third-quarter core earnings slightly below market forecasts on Thursday and forecasted 300,000 in European heavy duty registrations in 2023. The operati...
Oct 20, 2022
Voucher group Edenred raises profit outlook again as inflation drives growth
(Reuters) - French vouchers and cards provider Edenred on Thursday hiked its target for 2022 core profit for the second time this year, citing strong growth momentum driven by inflation and increased ...
Oct 20, 2022
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