PARIS (Reuters) -French luxury group Kering aims to increase sales of its eyeglasses division to about 2 billion euros ($2.1 billion)with an earnings before interest and taxes (EBIT) margin of more than 15% in the medium term, it said Thursday. The details were in slides shown on the second day of an investor presentation. European …
Luxury group Kering focuses on doubling eyeglass revenues Read More »
By Katanga Johnson and John McCrank WASHINGTON/NEW YORK (Reuters) -The top U.S. securities regulator on Wednesday unveiled a planned overhaul of Wall Street retail stock trading rules, aiming to boost competition for handling orders by commission-free brokerages to ensure mom-and-pop investors get the best price for trades. U.S. Securities and Exchange Commission chair Gary Gensler …
U.S. SEC chief unveils plan to overhaul Wall Street stock trading Read More »
By Danilo Masoni MILAN (Reuters) -Shares in Credit Suisse turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report https://insideparadeplatz.ch/2022/06/08/state-street-will-offenbar-cs-uebernehmen that U.S-based State Street is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up 3.8% in Zurich after jumping following …
Credit Suisse shares spike on reported State Street takeover interest Read More »
PARIS (Reuters) – Airbus confirmed on Wednesday it delivered 6% fewer airplanes in May, compared to the same month last year, as the aerospace industry wrestles with tight supply chains. It delivered 47 jets, bringing the total for the year so far to 235, up 7% from the first five months of 2021. The announcement …
Airbus deliveries fell 6% in May amid supply chain pressure Read More »
By Sudip Kar-Gupta and Tassilo Hummel PARIS (Reuters) -Scandal-shaken French care home operator Orpea on Wednesday said an audit found evidence of financial wrongdoing but did not support all allegations against the company while police raided its offices in a broader probe. “Although the report demonstrates that some of these allegations cannot be substantiated, it …
Orpea says audit found evidence of some ‘failures and misconduct’ Read More »
(Reuters) – Volkswagen AG is “actively” looking to build new assembly and battery facilities in the U.S., Scott Keogh, Chief Executive Officer of the German company’s North American subsidiary, told CNBC on Wednesday. The report added that Keogh declined to disclose additional details related to potential locations for these facilities. Volkswagen’s spokesman in the U.S. …
Volkswagen ‘actively’ looking to build new EV, battery facility in U.S.- CNBC Read More »
By Humeyra Pamuk, Matt Spetalnick and Dave Graham LOS ANGELES (Reuters) -The Biden administration unveiled a new proposed U.S. economic partnership with Latin America on Wednesday as regional leaders gathered for a summit in Los Angeles whose agenda has been undermined by discord over the guest list. Seeking to counter China’s growing clout in the …
U.S. unveils new Latin America economic plan at reboot summit dogged by dissent Read More »
By Mimosa Spencer PARIS (Reuters) -French luxury group Kering aims to double sales at its smaller, fast-growing fashion brand Yves Saint Laurent to 5 billion euros ($5.36 billion) in the medium term, it said in slides after the first day of an investor presentation on Wednesday. Analysts said the target would likely prompt an increase …
Kering aims to double Saint Laurent sales in medium term Read More »
By Yoruk Bahceli (Reuters) – Euro zone interest rates rising to at least 0% by September seems like a done deal as inflation soars, but how high rates should go thereafter is dividing policymakers and economists in a bloc of 19 vastly different economies. The European Central Bank meets on Thursday and is expected to …
An ECB quandary: the hunt for a neutral euro zone interest rate Read More »
By Corina Pons MADRID (Reuters) – Fashion giant Zara’s owner Inditex reported an 80% jump in quarterly profit on the back of soaring sales as consumers revamped their wardrobes after months spent stuck at home during the pandemic lockdowns. The company said on Wednesday it made a net profit of 760 million euros ($812 million) …
Zara owner Inditex bucks retail trend as sales boom Read More »
