By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been unsurprisingly quiet in Asia on Monday with China, Japan, Singapore and several other centres on holiday. It’s also a public holiday for Lunar New Year in New York State for the first time, although …
Marketmind: US inflation looms large with Asia on holiday Read More »
(Reuters) – German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday. Ala-Pietila, a former president of Nokia Corporation who sat on SAP’s supervisory board from 2002 to 2021, will stand for …
SAP board chair designate to resign, Ala-Pietila nominated as successor Read More »
By Elisa Anzolin and Francesca Landini MILAN (Reuters) -The founding family of Italian luxury shoemaker Tod’s is trying to take the company private for the second time in less than two years, this time with the help of L Catterton, a private equity firm backed by France’s LVMH. A longstanding shareholder in Tod’s, LVMH in …
Tod’s owner gets help from L Catterton to take the company private Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -Bank of Israel Governor Amir Yaron said on Sunday the country’s economy was strong and would recover from the impact of the war, but called on the government to address issues raised by Moody’s after the agency downgraded Israel’s sovereign credit rating. To boost confidence of markets …
Israel economy will recover, Yaron says after Moody’s cut, but action needed Read More »
(Reuters) – Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year. The sale took place on Wednesday and Thursday, the filings showed. …
Jeff Bezos sells roughly $2 billion of Amazon shares Read More »
PARIS (Reuters) – Nuclear energy operator EDF has shut down two reactors at Chinon in western France after a fire in a non-nuclear sector of the plant in the early hours of Saturday, the company said. The fire has been extinguished, it said. “Production unit number 3 at the Chinon nuclear power plant has shut …
France’s EDF shuts down two nuclear reactors after fire at Chinon plant Read More »
By Utkarsh Shetti and Supantha Mukherjee (Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter. The San Jose, California-based company has a total employee count of 84,900 as of fiscal …
By Giselda Vagnoni and Valentina Za GENOA, Italy (Reuters) -The moment is “fast approaching” for the European Central Bank (ECB) to cut interest rates, and timely and gradual steps could help to reduce ensuing volatility on financial markets and in the economy, a top policymaker said on Saturday. Addressing the Assiom Forex meeting in Genoa, …
Italy’s Panetta sees time for ECB rate cuts “fast approaching” Read More »
By Blake Brittain (Reuters) – Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computer-chip technology, according to a joint court filing on Friday in California federal court. The companies told the U.S. District Court for the Northern District of California that they had “signed an …
Apple to settle trade secrets lawsuit against chip startup Rivos Read More »
By Ana Mano SAO PAULO (Reuters) – Brazilian federal prosecutors are asking a judge to unwind a 2017 deal handing control of pulp and paper company Eldorado from Brazilian firm J&F to Paper Excellence Group, citing restrictions on foreign land ownership. The prosecutors mentioned “sovereignty” and “national security” concerns as grounds to block the $3 …
Brazil prosecutors push to unwind $3 billion paper deal over foreign land ownership Read More »
