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Swiss exchange operator SIX posts $1.15 billion loss on impairments
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Adidas posts first loss in 30 years but sticks to dividend
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UK economy may be turning from headwind into tailwind for sterling
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Global corporate dividends hit record $1.66 trillion in 2023
Mango ada1pts as climate change makes fashion less seasonal
Date: March 13, 2024
Mango ada1pts as climate change makes fashion less seasonal By Corina Pons MADRID (Reuters) – Spanish retailer Mango is honing in on adaptable clothing to help customers adjust to wild swings in temperature as climate change makes fashion less seasonal, Chief Executive Toni Ruiz told Reuters. The clothing industry used to work according to clearly...
Arm’s shares rise as Wall Street eyes IPO lock-up expiration
Date: March 13, 2024
Arm’s shares rise as Wall Street eyes IPO lock-up expiration By Chibuike Oguh NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering...
Inverted yield curve no longer reliable recession flag, strategists say: Reuters poll
Date: March 12, 2024
Inverted yield curve no longer reliable recession flag, strategists say: Reuters poll By Sarupya Ganguly BENGALURU (Reuters) – A key indicator of an oncoming recession implied by the U.S. bond market is no longer reliable, according to nearly two-thirds of strategists polled by Reuters. A persistent negative spread between 2-year and 10-year U.S. Treasury yields...
Britain considering measures to stop foreign states from buying newspapers
Date: March 12, 2024
Britain considering measures to stop foreign states from buying newspapers LONDON (Reuters) – Britain is considering changing the law to stop a foreign state owning a news organisation, government sources said on Tuesday, as it weighs up whether to allow Abu-Dhabi-backed Redbird IMI to buy the Telegraph newspaper. The bid for the politically influential Telegraph...
EU-frozen Russian assets to generate 15-20 billion until 2027, EU official says
Date: March 12, 2024
EU-frozen Russian assets to generate 15-20 billion until 2027, EU official says By Jan Strupczewski BRUSSELS (Reuters) – Russian assets, frozen in the European Union after Moscow’s invasion of Ukraine, are likely to generate between 15 billion and 20 billion euros in after-tax profits until 2027, depending on the evolution of global interest rates, a...
Apple to let developers distribute apps directly from their sites
Date: March 12, 2024
Apple to let developers distribute apps directly from their sites By Foo Yun Chee BRUSSELS (Reuters) – Software developers who use Apple’s App Store will be able to distribute apps to EU users directly from their websites this spring, the company said on Tuesday, as part of changes required by new EU rules forcing Apple...