By John McCrank NEW YORK (Reuters) – Sterling rallied to a six-week high on Tuesday on improved risk sentiment as…
S&P 500 adds to mid-October rebound from bear market low
By Noel Randewich (Reuters) – The S&P 500’s over 1% surge on Tuesday adds to two weeks of strong gains…
France’s Michelin cuts cash flow outlook on soaring cost inflation
(Reuters) -French tyre maker Michelin on Tuesday cut its full-year free cash flow guidance citing an uncertain demand outlook, soaring…
U.S. business equipment borrowings grew 11% in September – ELFA
(Reuters) – U.S. companies borrowed 11% more in September to finance their equipment investments compared with a year earlier, industry…
Fresenius CEO signals realignment, confirms call with Elliott – FAZ newspaper
FRANKFURT (Reuters) – Newly appointed Fresenius CEO Michael Sen said that the company’s debt-financed growth strategy cannot continue, in an…
Retailers Tesco and Lidl fight over logo’s trademark in UK court
By Sam Tobin LONDON (Reuters) -Britain’s biggest retailer Tesco tried to revive part of its lawsuit against discount supermarket Lidl…
U.S. consumer agency to move ahead with ‘open banking’ rule this week
By Hannah Lang (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) will move forward this week with an “open banking”…
Philip Morris gains conditional EU okay for Swedish Match deal
BRUSSELS (Reuters) – Marlboro maker Philip Morris secured EU antitrust approval for its $16 billion bid for Swedish Match after…
Inditex sells Russian business to Middle Eastern Daher Group
MADRID (Reuters) -Zara owner Inditex has agreed to sell its stores in Russia to UAE-based Daher Group, though it did…
Belarus to continue paying foreign debt in roubles in 2023
(Reuters) – Belarus will continue using Belarusian roubles to pay off its debt to Western countries next year, state news…