Signa insolvency is credit negative for some banks, Moody’s says
(Reuters) – The credit rating agency Moody’s (NYSE:MCO) said that the insolvency of the European property and retail giant Signa…
Yum Brands’ KFC to acquire 218 restaurants from EG Group in UK, Ireland
(Reuters) – Yum Brands’ KFC on Wednesday said it will acquire 218 restaurants from its largest franchisee EG Group in…
Deka Investment: more transparency in VW’s value chain ‘desirable’
(Reuters) – Volkswagen must regularly check its operations in China to ensure its supply chains are safe and comply with…
PayPal stock falls as Bank of America downgrades on ‘too high’ 2024 estimates
Bank of America analysts downgraded the rating on PayPal (NASDAQ:PYPL) shares to Neutral from Buy with a $66 per share…
Russia’s Sberbank to invest over $4.8 billion in IT in next three years
(Reuters) – Russia’s top lender Sberbank will invest more than 450 billion roubles ($4.84 billion) in IT in the coming…
Washington Post journalists plan 24-hour strike amid prolonged contract talks
(Reuters) -Unionized journalists at The Washington Post said they would stage a 24-hour strike on Thursday to protest staff cuts…
BAT writes down $31.5 billion from value of U.S. cigarette brands
(Reuters) -British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value…
ByteDance offers investors share buyback, valued at $268 billion-sources
(Reuters) – TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a…
Nissan, Mitsubishi confirm plans to invest in Renault EV unit Ampere
(Reuters) – Renault’s long-standing alliance partners Nissan (OTC:NSANY) and Mitsubishi confirmed plans to invest in the French car maker’s electric…
Australian fund manager Perpetual rejects $2 billion bid from top investor
(Reuters) – Australian fund manager Perpetual on Wednesday rejected a A$3.1 billion ($2 billion) takeover offer from its largest shareholder,…