Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Volkswagen, IG Metall agree wage deal
BERLIN (Reuters) - Volkswagen has agreed a wage deal for its staff with trade union IG Metall, a spokesman told Reuters on Tuesday. IG Metall will provide more details about the deal at a news confere...
Apr 13, 2021
Grab set to announce deal with U.S. SPAC at $40 billion valuation – sources
By Anshuman Daga SINGAPORE (Reuters) -Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to v...
Apr 13, 2021
Some investors lukewarm on China’s Ant Group if revived after revamp
By Ross Kerber and John McCrank BOSTON/NEW YORK (Reuters) - China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech into a financial holding company, appears to have den...
Apr 13, 2021
Credit Suisse nominates Christian Gellerstad to board of Swiss entity
ZURICH (Reuters) - Credit Suisse Group said it nominated wealth management expert Christian Gellerstad for election to the board of directors of its Swiss entity at the annual general meeting on April...
Apr 13, 2021
‘Deeds, not words’: mining firms reshape boardrooms as investors demand sustainability
By Helen Reid JOHANNESBURG (Reuters) - Under fire after a string of high-profile disasters, mining firms are shaking up their boardrooms in response to criticism that they are failing to meet their ow...
Apr 13, 2021
Texas oil pipelines face dry months as production languishes
By Devika Krishna Kumar NEW YORK (Reuters) - Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executive...
Apr 13, 2021
Givaudan first-quarter sales rise 7.7% driven by fragrances
ZURICH (Reuters) - Swiss fragrance and flavour maker Givaudan confirmed its mid-term targets after like-for-like sales rose 7.7% in the first quarter, helped by strong demand for its fragrance and bea...
Apr 13, 2021
BOJ Kuroda preaches benefits of weak yen for Japan’s economy
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday preached the benefits of a weak yen, saying it helps manufacturers by inflating the value of profits they earn overseas. Many Japane...
Apr 12, 2021
China March exports rise 30.6% year-on-year, lag forecast, imports jump better-than-expected 38.1%
BEIJING (Reuters) - China's exports in March rose 30.6% from a year earlier, lagging expectations but still showing robust growth, while imports jumped a faster-than-expected 38.1%, customs data showe...
Apr 12, 2021
Oasis Management says CVC’s offer for Toshiba is too low
TOKYO (Reuters) - Hong Kong-based Oasis Management said on Tuesday CVC Capital's reported offer of 5,000 yen a share for Toshiba Corp was "far below fair value". The fund, an investor in Toshiba since...
Apr 12, 2021
