By Parisa Hafezi DUBAI (Reuters) -Iran has opened a direct line of communication with rebels in Syria’s new leadership since its ally Bashar al-Assad was ousted, a senior Iranian official told Reuters on Monday, in an attempt to “prevent a hostile trajectory” between the countries. The lightning advance of a militia alliance spearheaded by Hayat …
(Reuters) -The UK’s Domino’s Pizza Group (DPG) has reached a new five-year agreement with its franchise partners, it said on Monday, as the fast-food chain looks to expand its store network and increase investment in its digital platform. The new Profitability and Growth Framework, which the company said had the “unanimous support” of its franchise …
UK’s Domino’s Pizza eyes digital growth with new franchise deal Read More »
MOSCOW (Reuters) -Russia’s Federal Security Service said on Monday it had detained 11 employees of an alleged global scam network which operated in the interests of a former Georgian defence minister. An internationally organised criminal group operated call centres, which, under the guise of making investment deals, committed mass fraud against citizens of the European …
Russia detains 11 employees of alleged global scam network, FSB says Read More »
SHANGHAI/HONG KONG (Reuters) -Stocks jumped and China’s government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises. Benchmark 10-year yields fell about four basis points to 1.922%, a record low. Hong Kong’s Hang Seng index jumped 2.8% to its highest in a …
China Politburo policy shift spurs surge in stocks, bonds Read More »
WOLFSBURG, Germany (Reuters) – Volkswagen’s chief negotiator Arne Meiswinkel said on Monday that unions and management needed to find alternative pathways to a solution for its German plants after the company rejected a proposal put forward by unions as unsustainable. “We continue to need to reduce costs, reduce overcapacity,” Meiswinkel said, speaking ahead of the …
Volkswagen, unions must find new solutions for German plants, company says Read More »
TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia’s initial public offering has raised 120 billion yen ($800 million) including an overallotment after shares were priced in the middle of their marketed range, according to a securities filing on Monday. Kioxia, a major manufacturer of memory chips, set its IPO price at 1,455 yen per share, the filing …
Japan’s Kioxia prices IPO in middle of range, raising $800 million Read More »
(Corrects media packaging code; no changes to text) By Sethuraman N R (Reuters) -Shares of India’s Godrej Consumer Products slumped 9% on Monday, set for their worst day since March 2020 and dragging down its peers in the fast moving consumer goods sector after the firm warned of stress on demand and profit margins in …
India’s Godrej Consumer slumps 9% after flagging weak Q3 demand Read More »
SYDNEY (Reuters) -Tongan Prime Minister Siaosi Sovaleni has resigned “for the good of the country and moving Tonga forward”, the Pacific Island nation’s parliament said on Monday. Media reported the resignation in parliament shortly before midday came ahead of a motion for a vote of no confidence expected to be put to the assembly. “I’ll …
Tonga PM Sovaleni resigns ahead of no confidence vote, government says Read More »
A look at the day ahead in European and global markets from Wayne Cole If you are wondering how markets have reacted to the stunning fall of President Bashar al-Assad in Syria, the answer is calmly. Gold and oil prices are up around 0.4%, but that’s a modest move for such a rapid turn of …
Morning Bid: Markets keep calm as Syria falls in a rush Read More »
By Jeff Mason and Allende Miglietta WASHINGTON (Reuters) – Singer-songwriter Bonnie Raitt, filmmaker Francis Ford Coppola, jazz musician Arturo Sandoval and rock band the Grateful Dead were celebrated at the Kennedy Center Honors on Sunday. The Kennedy Center also honored Harlem’s famed Apollo theater, the first time an institution has received what is considered the …
Kennedy Center honors Bonnie Raitt, Grateful Dead in last show of Biden’s term Read More »
