By Neil J Kanatt (Reuters) -General Mills cut its annual sales and profit forecasts on Wednesday, as the Pillsbury owner takes a hit from choppy demand for salty snacks and pet food in North America amid competition from private-label rivals. Shares of the Cheerios maker was down around 3% in early trading. Several packaged food …
General Mills forecasts hit to annual sales, profit as snacking demand slows Read More »
BOSTON (Reuters) – The U.S. Department of Energy said on Wednesday it approved Venture Global’s export permit request for its proposed CP2 LNG project in Cameron Parish, Louisiana. The export permit approval is the fifth LNG-related approval from the Department of Energy since President Donald Trump took office and lifted a freeze on new export …
U.S. Department of Energy approves Venture Global CP2 export permit Read More »
AMSTERDAM (Reuters) – Exor NV, the investment arm of Italy’s Agnelli family, has increased its stake in health technology company Philips to 18.7%, a filing at the U.S. Security and Exchange Commission showed. Exor previously held 17.51% of Philips’ shares, and was already the top investor in the Dutch maker of products ranging from medical …
Exor lifts stake in Philips to 18.7%, SEC filing shows Read More »
By Kylie Madry MEXICO CITY (Reuters) – U.S.-based fintech Tala, which grants small-sized loans to clients in emerging markets, has secured a $150 million debt facility to expand its business in Mexico, it said on Wednesday. WHY IT’S IMPORTANT Many of Tala’s clients in Mexico are small-business owners, chief executive and founder Shivani Siroya said, …
Microlender Tala lands $150 million debt facility to expand Mexico business Read More »
By Tommy Reggiori Wilkes LONDON (Reuters) -UniCredit’s CEO Andrea Orcel said on Wednesday he may need to wait until 2027 before deciding whether to try and take over Commerzbank, as Germany’s fiscal splurge pumped up the bank’s shares and he needed to examine any deal’s value. Orcel thrust his bank into two M&A situations last …
UniCredit CEO says Commerzbank decision could take even longer Read More »
(Reuters) -Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand AI infrastructure in the U.S., the companies said on Wednesday, as a global race to dominate the nascent technology intensifies. The group, formed last year with a goal to initially invest more than $30 billion …
Nvidia, Musk’s xAI to join Microsoft, BlackRock and MGX to develop AI infrastructure Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Like most of its central banking peers, the Federal Reserve will likely sit on its hands at this week’s meeting, blinded by the multiple crosswinds from U.S. economic policy upheaval and plans …
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has in recent weeks invited banks to pitch for an advisory role …
Axel Springer weighs sale of marketing business Awin, sources say Read More »
By Stephen Nellis SAN JOSE, California (Reuters) – A promising new chip technology that aims to cut energy usage is not yet reliable enough for use in Nvidia’s flagship graphics processing units (GPUs), Nvidia’s CEO Jensen Huang said Tuesday. Co-packaged optics, as the emerging technology is called, uses beams of laser light to send information …
Nvidia CEO says power-saving optical chip tech will need to wait for wider use Read More »
By Davide Barbuscia NEW YORK (Reuters) – Investors have been flocking to U.S. Treasuries as a safe haven due to market turmoil fueled by President Donald Trump’s trade policies, but a looming debt ceiling debate and ongoing political brinkmanship are stark reminders that even the world’s ultimate risk-free asset is not immune to cracks. The …
Analysis-US political brinkmanship undermines Treasuries’ safe-haven status Read More »
