Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
EU needs to study rise of SPACs, says ESMA exec candidate
By Huw Jones LONDON (Reuters) - The European Union needs to study the rise of special purpose acquisition companies (SPACs) but it is too early to say if they are a "bubble", the executive director de...
Apr 22, 2021
Strong Asia growth powers Hermes sales in Q1
MILAN (Reuters) - Sales at Birkin bag maker Hermes soared 44% in the first quarter, powered by strong growth in Asia, where revenues nearly doubled from a year earlier as COVID-19 restrictions eased a...
Apr 22, 2021
Gulf economies seen rebounding this year but some forecasts scaled back: Reuters poll
By Yousef Saba DUBAI (Reuters) - The economies of the six-member Gulf Cooperation Council are expected to return to growth this year, a quarterly Reuters survey showed on Thursday, but half are seen e...
Apr 22, 2021
Analysis-BOJ faces communication dilemma as weak inflation leaves Kuroda with complex policy
By Leika Kihara TOKYO (Reuters) - Eight years of stimulus attempts to spur weak inflation have left the Bank of Japan with one of the most complex monetary policy frameworks in the world, heightening ...
Apr 22, 2021
Renault posts falling revenue amid turnaround effort
PARIS (Reuters) - French carmaker Renault reported a fall of 1.1% in first-quarter revenue on Thursday, despite a boost from rising vehicle prices as the group looks to focus on more profitable models...
Apr 22, 2021
Coffee and dairy help Nestle beat expectations in Q1
ZURICH (Reuters) - Food giant Nestle confirmed organic sales should grow more than 3.6% this year after strong demand for coffee, dairy and pet care products boosted growth in the first quarter. Organ...
Apr 22, 2021
SAP says new cloud package a hit, confirms outlook
BERLIN (Reuters) - Software group SAP said on Thursday its new all-in cloud package was proving to be a hit with its customers, as it confirmed its first-quarter results and recently raised guidance. ...
Apr 22, 2021
Hyundai Motor Q1 profit nearly triples, in line with expectations
SEOUL (Reuters) - South Korea's Hyundai Motor Co reported on Thursday a 187% rise in first-quarter net profit on demand for high-margin sports-utility vehicles and its premium Genesis cars, but a chip...
Apr 22, 2021
Credit Suisse posts 252 million Sfr Q1 loss as Archegos wipes trading gains
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Thursday posted a slightly smaller-than-flagged 757 million Swiss franc first-quarter pre-tax loss, as a multi-billion dollar hit from the ...
Apr 22, 2021
Credit Suisse says to raise capital through new placement
ZURICH (Reuters) - Credit Suisse said it was raising capital on Thursday by issuing notes convertible into 203 million shares. "Our capital position remained solid with a CET1 ratio of 12.2% and a CET...
Apr 22, 2021
