By Maria Martinez BERLIN (Reuters) -German industrial orders unexpectedly jumped in December, posting their highest month-on-month increase in more than three years, driven by “an exceptionally” high number of aircraft orders, the federal statistics office said on Tuesday. Orders rose by 8.9% on the previous month on a seasonally and calendar adjusted basis, the largest …
German industrial orders post surprise rise in December Read More »
BERLIN (Reuters) – German Chancellor Olaf Scholz on Monday declined to consider corporate tax reform ideas floated by his ministers to revive the economy, saying the focus should instead on finally passing an existing draft law aiming to offer companies fiscal relief. Germany’s economy and finance ministers on Sunday floated the idea of reforming the …
Germany’s Scholz dismisses new corporate tax relief ideas Read More »
By Nell Mackenzie LONDON (Reuters) -Citadel has hired Sam Finkelstein, who previously worked at Goldman Sachs Asset Management, as a senior portfolio manager to lead a new development program for its fixed income and macro business, the hedge fund told Reuters on Monday . Finkelstein will manage risk and trade in the hedge fund’s global …
Hedge fund Citadel taps Finkelstein for senior portfolio manager role Read More »
By Krystal Hu (Reuters) – Cybersecurity startup Wiz has hired Dali Rajic, former chief operating officer and president at Zscaler, as the four-year-old startup seeks to keep growing at a fast clip and eyes an eventual public listing, the company told Reuters. Rajic, a seasoned sales executive, joined Wiz this week as its first-ever president …
Security startup Wiz adds former Zscaler COO, plans hiring spree Read More »
By Dietrich Knauth NEW YORK (Reuters) – WeWork may be forced to take on a new bankruptcy loan to make up for slower-than-expected progress on rent negotiations, an attorney for the shared office space provider said Monday. WeWork’s post-bankruptcy business plan is premised on a significant reduction in future rent costs from its landlords, and …
WeWork explores bankruptcy loan options amid landlord dispute Read More »
BRUSSELS (Reuters) – EU competition regulators opened an in-depth investigation on Monday into French airline Corsair’s revised restructuring plan and whether this can restore its long-term viability with limited distortions to competition. France last year sought EU approval to change a restructuring plan approved by the European Commission in 2020 for the pandemic-hit carrier, saying …
EU competition regulators to investigate Corsair’s revised revamp Read More »
By Maggie Fick and Patrick Wingrove (Reuters) -Novo Nordisk notched a win on Monday in its race to boost output of its popular obesity drug Wegovy, with its parent company announcing it was buying Catalent, a key manufacturing subcontractor of the product, for $16.5 billion. Kasim Kutay, CEO of Novo Holdings, told Reuters the deal …
Novo Nordisk’s parent to buy Catalent for $16.5 billion to boost Wegovy supply Read More »
By Polina Devitt and Julian Luk LONDON (Reuters) -The start of zinc concentrate production at Russia’s new Ozernoye mine will be delayed until at least the third quarter of 2024 and a ramp-up to full capacity until 2025, the mine operator said on Monday. The mine, which was originally due to start production by the …
Fire damage, sanctions delay start of new Russia zinc mine Read More »
DUBAI (Reuters) -Saudi Arabia’s investment ministry removed fiscal data from a monthly bulletin published earlier on Monday on its website that showed the kingdom would record a budget surplus in 2023. There was no fiscal data in an updated version of the report on the website. A government official told Reuters that the numbers published …
Saudi Arabia’s investment ministry withdraws budget data Read More »
WARSAW (Reuters) – Polish refiner Orlen said on Monday that its chief financial officer, Janusz Szewczak, has resigned, along with two more members of its management board, in a continued shakeup following the dismissal of its CEO last week. CEO Daniel Obajtek’s dismissal, announced on Thursday and effective Monday, came after the new Polish government …
Orlen says CFO Szewczak and two more board members resign Read More »
