Coach parent Tapestry in talks to buy Michael Kors owner – WSJ
(Reuters) – Coach parent Tapestry is nearing a deal to buy Michael Kors-owner Capri Holdings (NYSE:CPRI), the Wall Street Journal…
Biotech firm Amyris files for bankruptcy in US
(Reuters) – Biotech firm Amyris (NASDAQ:AMRS) Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S.…
Zurich Insurance price hikes help it weather climate storms
(Reuters) – Zurich Insurance (SIX:ZURN) on Thursday reported a better-than-expected half-year operating profit, helped by its Life business and price…
Siemens CEO says customers looking outside China for new investments
(Reuters) – Siemens (ETR:SIEGn) is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and…
Indian banks, indices fall on RBI’s surprise move; metals shine, defy market mood
Indian market indices declined on Thursday, led largely by banking and financial stocks, which witnessed a sell-off after the Reserve…
Hapag-Lloyd net profit dives 67% in H1, maintains outlook
(Reuters) – German container shipper Hapag-Lloyd on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first…
European stocks higher; quarterly earnings, U.S. inflation in focus
European stock markets traded higher Thursday, with investors digesting more corporate earnings ahead of the release of a key U.S.…
US dollar dips as China deflation pulls investors into risk assets
(Reuters) – The U.S. dollar fell on Wednesday after data showed the Chinese economy slipped into deflation last month, which…
‘The clock is ticking’, UAW calls Stellantis contract ‘trash’
UAW union President Shawn Fain angrily discarded contract offers from Stellantis (NYSE:STLA) Tuesday as he discussed the extensive concessions that…
Honda records 2Q surge amid North American sales boost
Honda Motor (TYO:7267) (NYSE:HMC) announced Wednesday, a 78% surge in quarterly earnings, attributed to higher sales, particularly in North America.…