Analysis-Nestle CEO Freixe’s turnaround plan faces challenge from weak consumer

By Richa Naidu LONDON (Reuters) – Nestle’s plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors, but executing a turnaround strategy against a backdrop of weak consumer demand will be a tough task. After replacing Mark Schneider as CEO last month, Freixe set out …

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Coca-Cola bottler CCEP to change UK listing category with eye on FTSE 100 inclusion

(Reuters) – Bottler Coca-Cola Europacific Partners said on Friday it plans to change its London stock listing category, in a move that would make the company potentially eligible for inclusion in the benchmark FTSE 100 index. In July, Britain’s Financial Conduct Authority (FCA) rolled out the biggest reform of UK listings rules in decades in …

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Interest rate cut at this stage would be ‘premature,’ India cenbank chief says

MUMBAI (Reuters) – The head of India’s central bank said on Friday that it would be “very premature” and risky to lower interest rates at this stage. While inflation is expected to moderate going forward, the central bank would only think of rate cuts when it has confidence that inflation is durably aligned to its …

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World Bank’s Banga says more bilateral, commercial debt forgiveness needed

(This Oct. 17 story has been corrected to include commercial creditors in call for debt forgiveness in the headline and in paragraph 1) By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Thursday that bilateral and Paris Club commercial creditors need to provide more debt forgiveness to poor debt-distressed countries, and …

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Voestalpine reorganizes automotive component business sites in Germany

By Ozan Ergenay (Reuters) -Voestalpine will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday. The plants in Dettingen, Schmoelln, Schwaebisch Gmuend and Boehmenkirch will form a joint production network, with each site …

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UNIFIL condemns ‘deliberate’ Israeli attacks, says destruction in Lebanese villages is shocking

By Emma Farge GENEVA (Reuters) -The U.N. peacekeeping mission in Lebanon said on Friday it had come under several “deliberate” attacks by Israeli forces in recent days and efforts to help civilians in villages in the war zone were being hampered by Israeli shelling. The U.N. mission, known as UNIFIL, is stationed in southern Lebanon …

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India’s Eruditus raises $150 million in TPG-led funding round

By Haripriya Suresh BENGALURU (Reuters) – Indian educational technology company Eruditus has raised $150 million in a new funding round led by private equity firm TPG, at a time when the funding environment for edtech companies has been subdued. Eruditus’ Series F round, which also saw the participation of existing backers SoftBank, Leeds Illuminate, Accel, …

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