By Sriram Mani and Jayshree P Upadhyay MUMBAI (Reuters) -A $2.5 billion share sale by India’s Adani Enterprises remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in the group’s shares. Bankers on the deal were considering extending …
By Silvia Aloisi and Mimosa Spencer PARIS (Reuters) – French luxury goods group Kering has appointed Sabato De Sarno, a senior fashion designer at Valentino, as creative director of its top brand Gucci, it said on Saturday. At Gucci, he will be tasked with reviving the fortunes of a brand that accounted for two-thirds of …
Gucci names De Sarno as creative director with task of reviving brand Read More »
By Mrinmay Dey and James Davey LONDON (Reuters) -British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights cancelled and 276 workers made redundant. A statement on Flybe’s website said the airline, which operated scheduled services from Belfast, Birmingham and Heathrow across the UK and to Amsterdam …
UK regional airline Flybe ceases trading, cancels all flights Read More »
FRANKFURT (Reuters) -Ford executives have indicated they are willing to hold talks with labour representatives over planned structural changes at the U.S. carmaker’s plants in Germany, the head of the worker’s council at Ford’s Cologne plant said on Saturday. Ford said on Jan. 20 that its planned shift to electric vehicle (EV) production will require unspecified structural …
German labour representative says Ford execs have offered talks on restructuring plan Read More »
By Yew Lun Tian BEIJING (Reuters) -Lunar New Year holiday trips inside China surged 74% from last year after authorities scrapped COVID-19 travel curbs, state media reported on Saturday, though the number of journeys was still only half of pre-pandemic levels. According to official data, the number of COVID deaths a showed weekly decline, however. …
Holiday trips within China surge after COVID curbs lifted Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector is up 4.2% year-to-date, slightly lagging the rise …
Recession fears pose challenge to energy shares after stellar year Read More »
By Sheila Dang (Reuters) – The stalling of a Twitter program that was critical for outside researchers studying disinformation campaigns throws into question the company’s strategy to comply with upcoming regulation in Europe, former employees and experts told Reuters. The European Union’s new Digital Services Act (DSA), one of the world’s strictest regulations on internet …
Twitter research group stall complicates compliance with new EU law Read More »
By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the Sankei newspaper reported on Saturday. Japan will decide whether to ease the curbs on shipping high-tech materials, which it imposed in 2019 over …
Japan eyes easing S.Korea export controls as Seoul seeks to improve ties -media Read More »
WASHINGTON (Reuters) -The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. The agreement would extend some export controls the United States adopted in October to companies based in …
U.S. secures deal with Netherlands, Japan on China chip export limit- Bloomberg Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street advanced on Friday, marking the end of an rocky week in which economic data and corporate earnings guidance hinted at softening demand but also economic resiliency ahead of next week’s Federal Reserve monetary policy meeting. All three major U.S. stock indexes ended the session green, with …
Wall Street ends higher, notches weekly gains as Fed meeting looms Read More »
