Business
Business
STMicroelectronics Delays Long-Term Targets to 2030
Business
Exclusive-In High-Wage Germany, VW’s Labour Costs Outstrip the Competition
Business
Nokia’s US Shares Rise After T-Mobile Says No Plans to Stop Partnership
Business
Volkswagen Appoints Former Rivian Executive as Head of American Business
Nestle Open to Partnerships for Water Business -Exec
Date: November 20, 2024
By Richa Naidu VEVEY, Switzerland (Reuters) – San Pellegrino and Perrier owner Nestle will spend the coming months carving out its 3.3 billion-Swiss-franc water business and is open to deals and partnerships, a top executive told Reuters. Nestle said on Tuesday it would trim costs by at least $2.8 billion by 2027 and separate its...
Thyssenkrupp Takes $1 Billion Hit on Steel Unit as Outlook Darkens
Date: November 19, 2024
By Christoph Steitz and Tom Käckenhoff ESSEN, Germany (Reuters) -Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector’s worsening outlook as weak demand and Asian competition weigh on German industry’s ability to compete. The impairment, the second in as many years, drove the German...
Medtronic Lifts Annual Profit View on Steady Demand for Medical Devices
Date: November 19, 2024
By Sriparna Roy and Mariam Sunny (Reuters) -Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. Its shares still fell nearly 3% in early trading. “The guidance increase for the year was still relatively small …...
Allianz Trade Global Trade Outlook
Date: November 19, 2024
Following the results of the US elections, US-China relations will remain tense and continue to fragment global trade. A renewed but contained trade war could bring nominal global trade growth below 5% in 2026 (-0.6pp), with USD67bn of exports at risk in Europe and China in 2025-26 (half of the global total). Over the past...
Tobacco Firm Imperial Brands’ Fy Profit Beats Forecasts
Date: November 19, 2024
LONDON (Reuters) – Cigarette maker Imperial Brands on Tuesday reported a 4.6% rise in adjusted operating profit, surpassing analyst expectations. (Reporting by Emma Rumney, Editing by Louise Heavens)...
Vivendi Sees Steady Growth for Havas, Canal+ Ahead of Spin-Offs
Date: November 18, 2024
By Alban Kacher, Leo Marchandon and Gianluca Lo Nostro (Reuters) -Vivendi on Monday projected moderate earnings growth for Canal+ and Havas, set to be spun off as part of the French media conglomerate’s proposed break-up, ahead of their investor day events. The group led by tycoon Vincent Bollor plans to list Canal+ in London while...