Analysis-Fall of the zombies? Why corporate failures could surge in 2024
(Reuters) – Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half…
Exclusive-ChatGPT-owner OpenAI is exploring making its own AI chips -sources
(Reuters) – OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far…
Nestle shares at two-year low as investors weigh Wegovy rollout
(Reuters) – Nestle shares were under pressure on Friday as investors weighed the potential impact of Novo Nordisk (NYSE:NVO)’s blockbuster…
Tesla cuts US prices of Model 3, Model Y cars
(Reuters) – Tesla has cut prices of its Model 3 compact sedan and Model Y SUV in the U.S. by…
Shell’s Q3 financial forecast shows promise despite minor oil production dip
Royal Dutch Shell (LON:SHEL)’s Q3 financial outlook, published on Friday, suggests that the energy giant is set to benefit from…
Exxon in $60 billion acquisition talks with Pioneer Natural Resources
Exxon (NYSE:XOM), the energy giant previously merged with Mobile, is currently in negotiations to acquire Pioneer Natural Resources (NYSE:PXD) for…
Morrisons ramps up hiring for the festive season with 3,500 new roles
UK supermarket chain Morrisons has announced plans to hire an additional 3,500 employees for the upcoming Christmas season. The announcement…
German govt expects economy to shrink 0.4% in 2023 – source
(Reuters) – Germany’s government expects the economy to shrink by 0.4% this year in its draft autumn projections, a source…
Citigroup raises Japan stocks to ‘neutral,’ cuts UK to ‘underweight’
(Reuters) – Citigroup (NYSE:C) on Friday upgraded its recommendation on Japanese stocks to “neutral” as the country’s economy and earnings…
European stocks climb; German factory orders rise ahead of U.S. jobs report
European stock markets edged higher Friday in cautious trading as investors awaited the release of the monthly U.S. jobs report…