HELSINKI (Reuters) -Fashion retailer H&M will reopen most of its stores in Ukraine, beginning in November of this year, the Swedish company said in a statement on Thursday. The retailer temporarily closed its stores in Ukraine following Russia’s invasion of the country in February of last year. “Preparations are being made to reopen the majority …
Fashion retailer H&M to reopen most Ukraine stores Read More »
(Reuters) -Air New Zealand on Thursday signalled robust customer demand for the 2024 financial year, while recording a large annual profit helped by a sharp rebound in travel demand and lower jet fuel prices. While the airline expects strong demand across markets for 2024, it also sees international competition, volatile fuel prices, ongoing wage inflation …
Air New Zealand sees strong customer demand in 2024; swings to annual profit Read More »
By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Chip designer Nvidia on Wednesday forecast third-quarter revenue above Wall Street targets and said it will buy back $25 billion more of its shares as sales benefit from soaring demand for its chips that power nearly all the world’s major artificial-intelligence apps. Shares of the …
Nvidia forecast tops Wall Street expectations, $25 billion share buyback planned Read More »
By Chris Prentice and Michelle Price WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission, led by chair Gary Gensler, on Wednesday voted to overhaul private fund rules, one of several rule changes the agency has targeted at the country’s funds sector. Together, the changes mark the biggest industry overhaul in living memory. Here are …
Factbox-How the US SEC is overhauling the fund industry Read More »
By Carolina Mandl and Chris Prentice NEW YORK (Reuters) – The U.S. securities regulator on Wednesday adopted new rules that will shine a light on private equity and hedge fund expenses and fees, in what executives and lawyers said marks a sweeping overhaul for an industry long criticized for its opacity. But in a partial …
US SEC overhauls rules for $20 trillion private fund industry Read More »
(Reuters) -Privately held steel company Esmark said on Wednesday it would not participate in the purchase process for U.S. Steel Corp and respect the position of the United Steel Workers (USW) union, which is supporting Cleveland-Cliffs’ offer. Last week, Esmark made an offer to buy U.S. Steel for $35 per share, or an equity value …
By Juveria Tabassum (Reuters) -Shares of Foot Locker slumped as much as 36% to a 13-year low on Wednesday, and dragged down its peers as the sportswear retailer warned of frail consumer demand in the face of still-high inflation. Shares closed 28% lower at $16.69, their worst day since February 2022. The stock has lost …
Foot Locker shares plummet on forecast cut, dividend pause; drags peers Read More »
By Gwladys Fouche OSLO (Reuters) – Meta Platforms is breaking European data privacy rules in Norway, the country’s data regulator told a court on Wednesday, in a case that could have wider European implications. Meta has been fined one million crowns ($94,145) per day since Aug. 14 for breaching users’ privacy by harvesting user data …
Facebook owner Meta breaks privacy rules, Norway regulator tells court Read More »
BERLIN (Reuters) – German business activity contracted at the fastest pace for more than three years in August, a preliminary survey showed on Wednesday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 44.7 from July’s 48.5, hitting its lowest since May 2020 and confounding analysts’ expectations for a …
German business activity suffers steepest decline since May 2020-flash PMI Read More »
MOSCOW (Reuters) – Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums”, four traders said. A war risk premium was added to the common insurance costs for tankers last year after the start of Russia’s military action in Ukraine, which …
Exclusive-Insurers raise premiums for Black Sea tankers as tensions mount – traders Read More »
