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European shares rise on China reopening cheer, slow pace of rate hikes
(Reuters) - European shares edged up on Wednesday, lifted by Bayer and LVMH, while optimism over reopening in China and hopes of less aggressive U.S. interest rate hikes aided the sentiment. The pan-r...
Syndicated Content Jan 11, 2023
Upcoming Chinese holiday, high coal stocks keeping lid on Australian trade
By Muyu Xu and Melanie Burton SINGAPORE/MELBOURNE (Reuters) - Chinese interest in Australian coal has been limited by the upcoming Lunar New Year holiday and high domestic inventories, meaning few dea...
Syndicated Content Jan 11, 2023
Bayer shares up 2.2% after report activist bluebell pushing for break-up
FRANKFURT (Reuters) - Bayer shares gained 2.2% at the open on Wednesday on a report that activist investor Bluebell Capital Partners has built an equity stake and is pushing for a break-up of the Germ...
Syndicated Content Jan 11, 2023
Congo beer factory a beacon in region rocked by rebels
By Erikas Mwisi Kambale BENI, Democratic Republic of Congo (Reuters) - Bottles of beer zip along a conveyor belt in a Brasimba factory which has weathered two deadly Ebola outbreaks and waves of fight...
Syndicated Content Jan 11, 2023
Spain’s November industrial output falls 1.1% year-on-year
(Reuters) - Spain's seasonally and calendar-adjusted industrial output fell 1.1% year-on-year in November, official data from the country's National Statistics Institute (INE) showed on Wednesday. Ind...
Syndicated Content Jan 11, 2023
Standard Chartered scouts for alternate options for aviation finance unit
(Reuters) - Standard Chartered said on Wednesday it intends to explore alternate options, including a sale, for its aviation finance unit. "We believe that a new owner can drive the next phase of grow...
Syndicated Content Jan 11, 2023
Low use of shortened work hours points to mild German recession – Ifo
BERLIN (Reuters) - Low take up of a government-backed 'Kurzarbeit' shortened hours facility points to a "very mild" recession in Germany this winter, the Ifo economic institute said on Wednesday. In D...
Syndicated Content Jan 11, 2023
Arnault tightens family grip on LVMH as daughter becomes Dior CEO
By Mimosa Spencer PARIS (Reuters) - Luxury goods giant LVMH announced on Wednesday a top management reshuffle, putting Delphine Arnault, the daughter of chairman and CEO Bernard Arnault, in charge of ...
Syndicated Content Jan 11, 2023
Darktrace cuts revenue outlook as customers turn cautious
LONDON (Reuters) - British cybersecurity company Darktrace cut its full-year revenue forecast on Wednesday, saying prospective customers were more reluctant to run product trials due to the worsening ...
Syndicated Content Jan 11, 2023
Sainsbury’s sees profit at upper end of range after Christmas sales rise
LONDON (Reuters) - Sainsbury's, Britain's second biggest supermarket group, forecast full year profit towards the upper end of its previously guided range as it reported a 5.9% rise in underlying sale...
Syndicated Content Jan 11, 2023
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