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InvestingSales at moncler slip 3% in third quarter as demand weakens globally
InvestingAllianz weighs options for AllianzGI unit, sources say
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Top StoriesLME monitors tightness in aluminium market after spike in spread
Fonterra’s annual profit falls 25%; shares rise on dividend declaration
Date: September 25, 2024
By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by poor earnings from its ingredients segment and volatility in demand from key importing regions, but declared a special dividend, sending its shares higher. Improvement in earnings from its food service and consumer segments due...
Interview: Wissam khoury, finastra – embracing the future of open Treasury and capital markets solutions
Date: September 9, 2024
Wissam Khoury, EVP, Treasury and Capital markets (TCM) at Finastra is responsible for leading and driving strategy, growth and sustainability. He has over 25 years of experience working with financial institutions, leading them through digital transformation and evolutions in the industry. He is particularly passionate about growing the TCM partner ecosystem at Finastra, as well...
German property bank PBB’s profit plunges as US office loans sour
Date: August 14, 2024
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Deutsche Pfandbriefbank (PBB), one of Germany’s top property financiers, reported on Wednesday a 74% plunge in second-quarter profit and set aside more money to cover potential bad loans in a weak U.S. office market. The move follows a wave of bad news this year for the...
Computer parts maker logitech lifts full-year outlook on upbeat Q1 results
Date: July 23, 2024
ZURICH (Reuters) -Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, encouraged by strong quarterly growth. The Swiss-American company now expects its full-year sales in the range of $4.34-$4.43 billion, up from a previous projection of $4.3-$4.4 billion. It added that it expects Non-GAAP operating income to be between...
Soaring cocoa prices put spotlight on hershey, mondelez earnings
Date: April 29, 2024
Soaring cocoa prices put spotlight on Hershey, Mondelez earnings By Granth Vanaik (Reuters) – Hershey and Mondelez International investors will be eager to see how the chocolate makers plan to tackle the recent surge in cocoa and sugar prices when they report first quarter results this week. These companies have already been grappling with heightened...
Telegram secures $330 million in bond sales
Date: March 19, 2024
Telegram secures $330 million in bond sales (Reuters) – Popular messaging platform Telegram raised $330 million through bond sales last week, founder and CEO Pavel Durov said on Monday. The offering was oversubscribed and terms of the bond were favorable for the company, Durov wrote on his own Telegram channel. “The increased demand...