Glencore raises pressure on Teck Resources with promise of sweeter bid
(Reuters) – Glencore (OTC:GLNCY) has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer,…
Dow futures slide lower as investors digest earnings
U.S. stock futures pointed to a lower open on Wall Street on Wednesday as investors weighed mixed earnings reports from…
Shanghai auto show crowds flock to BYD’s Seagull
(Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow…
Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes
(Reuters) – Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by…
TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ
(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached…
Mercedes includes buyback option as Russian assets sale given official approval
(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been…
Japan’s SMFG is first global bank to sell AT1 bonds since C. Suisse wipeout
(Reuters) -Japan’s Sumitomo Mitsui Financial Group (NYSE:SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global…
Glencore raises pressure on Teck Resources with promise of higher bid
(Reuters) -Glencore has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer, raising the…
Rheinmetall and KMW to upgrade Puma armoured vehicles for German army
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry…
Heineken sees Europe resilience offseting Asia slowdown risk
(Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region…