PARIS (Reuters) – Gucci’s new chief in China will lay out his strategy to revive the label’s sales in the…
Canada’s No. 2 pension fund Caisse sees opportunities in battered bond market
By Divya Rajagopal TORONTO (Reuters) – Canada’s second largest pension fund Caisse de dépôt et placement du Québec sees opportunities…
Citizens likely to raise medium-term return target, CEO says
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Citizens Financial Group will probably raise its return on tangible…
Blackstone’s earnings fall 16% on sharp drop in asset sales
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc, the world’s largest alternative asset manager, said on Thursday its third-quarter distributable…
BMW tests hydrogen burner at German plant, expands battery assembly lines
LEIPZIG, Germany (Reuters) -BMW is testing a burner able to operate on both hydrogen and gas in its paint shop…
L’Oreal posts brisk sales rise despite disruptions in China
PARIS (Reuters) – Cosmetics group L’Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe…
European shares rise after UK’s Truss resigns as prime minister
By Amruta Khandekar and Devik Jain (Reuters) -European shares rose on Thursday after Liz Truss said she was resigning as…
Fed’s Harker says high inflation calls for more rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the central…
Investors file lawsuit against Volkswagen over climate-change related lobbying disclosures
BERLIN (Reuters) – Six Volkswagen investors filed a case against the carmaker this week for refusing to discuss at its…
Whirlpool opens factory in Argentina with $52 million investment
By Eliana Raszewski BUENOS AIRES (Reuters) – Appliance maker Whirlpool Corp is set to inaugurate a new factory in Buenos…