Business
Business
Cruise Operators Reap Benefits of Their Own Private Islands
Business
Bp Profit Slumps to Near Four-Year Low as Oil Demand Sags
Business
Ericsson Signs 5G Oran Deal With Spain’s MasOrange
Business
More Companies Planning Price Hikes in Germany, Survey Finds
Adidas Reports Strongest China Sales Since Early 2022
Date: October 29, 2024
By Linda Pasquini and Helen Reid (Reuters) -Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up on the year thanks to improving brand image, the company said on Tuesday. Its performance in China contrasts with other companies that are struggling with weak consumer...
Poland’s Bank Millennium Net Profit Jumps on Lower Fx Loan Provisions
Date: October 29, 2024
(Reuters) -Poland’s Bank Millennium posted an 85% jump in third-quarter net profit on Tuesday, beating analysts’ estimates, as costs related to its FX mortgage loan portfolio declined. The Polish unit of Portugal’s biggest lender, Millennium bcp, posted a net profit of 189.8 million zlotys ($47.2 million), as provisions for legal risks related to its...
Chemicals Maker Clariant Cuts Fy Sales Target, Misses Q3 Core Profit View
Date: October 29, 2024
By Ozan Ergenay (Reuters) -Swiss specialty chemicals maker Clariant cut its 2024 sales target on Tuesday and reported third-quarter core profit below expectations, weighed down by lower volumes in its catalysts business and restructuring charges. The group’s earnings before interest, taxes, depreciation and amortisation fell 13% year-on-year to 139 million Swiss francs ($160.69 million)...
Thyssenkrupp Cfo: Spin-Off of Marine Division Possible in 2026
Date: October 29, 2024
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp is working on a spin-off of its warship division after private equity firm Carlyle dropped out as a bidder last week, the group’s CFO said, flagging 2026 as a realistic time frame for when such a move could happen. A spin-off in the coming calendar year would be ambitious in...
QatarEnergy Takes 50% Stake in TotalEnergies Solar Project in Iraq
Date: October 29, 2024
DUBAI (Reuters) – QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion Gas Growth...
Volkswagen’s Traton Reports Higher Sales in Weak Truck Market
Date: October 29, 2024
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. Shares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on...