US stock markets closed last Friday with a substantial and widespread gain. Do we see a dead cat bounce or the beginning of a recovery? So far, there are more reasons to suspect the former. The CNN Fear Greed Index was down to 7 last week, rebounding to 12 by Monday. Current levels are still […]

PARIS, May 16 Reuters French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end of the year. On Friday, French financial daily Les Echos reported that French energy giant TotalEnergies and power company Engie are eyeing the acquisition of […]

TOKYO, May 13 Reuters Japan39;s Toshiba Corp said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, worth some 545 million, in an apparent effort to placate activist shareholders it has long been at odds with. The industrial conglomerate […]

May 13 Reuters Deutsche Telekom reported quarterly core profit and revenue above market estimates on Friday, boosted by its U.S. unit, TMobile, along with growth in its European business, and lifted its fullyear outlook. Adjusted earnings before interest, tax, depreciation and amortisation after leases EBITDA AL stood at 9.87 billion euros 10.26 billion, beating consensus estimates […]

SINGAPORE, May 12 Reuters HSBC Holdings said on Thursday it was launching a 1 billion lending fund to invest in femaleowned businesses over the next 12 months. The level of funding received over time by femaleled businesses is significantly lower than male counterparts, while the recent impacts of the pandemic have seen these same businesses disproportionately […]

LONDON, May 12 Reuters RollsRoyce traded in line with expectations in the first four months of the year, the engine manufacturer said on Thursday, helped by a gradual return to flying and increased government investment in defence. The British company reiterated its forecasts and set a mediumterm outlook for its civil aerospace division, saying it expected […]

Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yrago Q4 operating profit down 33 on year; shares slip 5 FY oper pft target, Q4 result both well below analyst estimates 39;Unprecedented increases39; in materials, logistics costs 39;We need to work with suppliers to cut costs39; CFO TOKYO, May 11 Reuters Toyota […]

HAMBURGWASHINGTON, May 11 Reuters Volkswagen plans to expand its electric in vehicle range the United States with a fully electric pickup and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday. The carmaker would invest around 100 million euros 105.52 million in the new brand, the people said, […]

Sees 202223 operating profit 360 bln yen, below consensus JanMar op profit 83.3 bln yen vs forecast 85.5 bln Says Tesla wants it to accelerate battery production plans To list supply chain management software unit TOKYO, May 11 Reuters Panasonic Corp on Wednesday forecast flat operating profits this business year as component shortages caused by COVID19 […]

Reuters Gay dating app Grindr said on Monday it would go public through a merger with a blankcheck acquisition firm a deal that values it at 2.1 billion and features Tiga Investments CEO Raymond Zage on both sides of the transaction. Grindr said its existing shareholders would own 78 of the company after the merger, […]