Category Archives:
Audi will not cut EV prices to follow Tesla’s lead – Audi Europe chief
BERLIN (Reuters) - Audi has no plans to cut prices for its electric vehicles, German industry magazine Automobilwoche cited Audi Europe chief Jens Puttfarcken as saying, despite a similar move by mark...
Feb 28, 2023
Spain’s Santander raises three-year profitability target to 15%-17%
MADRID (Reuters) - Spain's Santander said on Tuesday it intends to raise its return on tangible equity ratio (ROTE) for the period 2023-2025 to between 15%-17% from a current 13.37% thanks to higher l...
Feb 28, 2023
SABIC’s quarterly net profit slumps 94% on lower sales prices
By Hadeel Al Sayegh DUBAI (Reuters) -Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net...
Feb 28, 2023
Bayer sees lower 2023 operating profit on cost inflation
By Ludwig Burger FRANKFURT (Reuters) - Agriculture and pharmaceuticals company Bayer said operating earnings would likely decline in 2023, hurt by higher costs and by the reversal of last year's price...
Feb 28, 2023
Oaktree Capital seeks to raise $10 billion for new fund- FT
(Reuters) - Oaktree Capital plans to raise $10 billion for a new fund that will help finance large private equity takeovers, the Financial Times reported on Tuesday, citing a letter sent to the U.S. a...
Feb 28, 2023
Cryptoverse: Bitcoin moves towards Satoshi’s payment dream
By Medha Singh and Lisa Pauline Mattackal (Reuters) - Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator's faith. The 15-year-old cryptocurrency has filled many ro...
Feb 28, 2023
ECB has started to win inflation fight, Lane says
By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) - Euro zone inflation pressures have begun to ease, including for all-important core prices, but the European Central Bank will not end rate hik...
Feb 28, 2023
At the home of Zara, fast and slow fashion collide
By Corina Pons and Virginia Furness A CORUNA, Spain/LONDON (Reuters) - In Spain's A Coruna, two contrasting fashion business models collide - pitching the growing demands for the clothing industry to ...
Feb 28, 2023
Banks pile into euro zone bond sales as rates shoot up
By Yoruk Bahceli (Reuters) - Banks are becoming the leading buyers of some euro zone governments' bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce it...
Feb 28, 2023
Tennessee meat plant workers reach $1.2 million settlement over 2018 raid
(Reuters) - Latino workers at a Tennessee meat processing plant have reached a $1.2 million settlement in a lawsuit over a 2018 immigration raid in which they were "targeted by federal agents" because...
Feb 28, 2023
Peoria, IL, USA
63 °F Overcast
