Fitch cuts Swedish SBB rating over tight liquidity, weak market
(Reuters) – Fitch on Wednesday downgraded Swedish property company SBB’s long-term issuer default rating to CCC+ from B-, and its…
Earnings call: American Eagle Outfitters reports record Q3 revenue, raises full-year operating income guidance
American Eagle Outfitters (NYSE:AEO) reported strong performance for the third quarter of 2023, achieving record revenue of $1.3 billion, a…
Rockingdeals Circular Economy IPO aims to raise ₹21 crore on NSE Emerge
Rockingdeals Circular Economy Limited (RDCEL), a company specializing in the circular economy and headquartered in Faridabad, India, has launched its…
Alibaba exec moves to quell staff concern over Jack Ma share sale with internal post
(Reuters) – A top Alibaba (NYSE:BABA) executive told staff on Wednesday that it was a “coincidence” that a plan by…
Sam Altman restored as OpenAI CEO after his tumultuous ouster
(Reuters) – ChatGPT-maker OpenAI has reached an agreement for Sam Altman to return as CEO days after his ouster, capping…
Bharti Airtel gears up for Bharti Hexacom IPO early next year
As Bharti Airtel prepares for the anticipated initial public offering (IPO) of its subsidiary Bharti Hexacom, the telecom giant holds…
Morgan Stanley forecasts 14% rise in BSE Sensex by December 2024
India’s stock market is poised for a significant upturn, with Morgan Stanley projecting a 14% increase in the BSE Sensex…
European shares near 5-1/2 week high before Fed minutes, dollar pressured
(Reuters) – European shares were holding near a 5-1/2 week high on Tuesday while the dollar languished near its lowest…
Stellantis, CATL plan factory in Europe to make cheaper EV batteries
(Reuters) – Stellantis said on Tuesday it plans to build an electric vehicle battery plant with China’s CATL in Europe,…
Citigroup boosts Middle East focus, appoints new Saudi leadership
Citigroup Inc (NYSE:C). has made strategic leadership changes to bolster its operations in the Middle East, particularly in Saudi Arabia,…