Reuters Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency exchange by the U.S. Commodity Futures Trading Commission CFTC, the company said in a court filing on Thursday. The CFTC sued Binance, Zhao and former Chief Compliance Officer Samuel Lim in March, alleging they violated the Commodity Exchange Act […]

MILAN, July 28 Reuters Kering39;s deal to acquire a 30 stake in Valentino gives the Qatari royal family a foot in the door of a much bigger luxury giant, as they consider further joint investments with the French group to expand their alliance. Kering said on Thursday it was buying the stake for 1.7 billion euros 1.87 billion […]

July 28 Reuters Biogen agreed to buy rare disease drugmaker Reata Pharmaceuticals for nearly 6.5 billion, the first large acquisition under new CEO Christopher Viehbacher as he seeks to return the drugmaker to growth. Viehbacher was hired in November to put Biogen back on a growth path after a series of missteps around the controversial Alzheimer39;s drug […]

HOUSTON, July 28 Reuters Exxon Mobil39;s secondquarter profit dropped 56 and fell short of Wall Street expectations, the company said on Friday, joining rivals hurt by the sharp decline in energy prices and lower fuel margins. Profits for global oil majors have dropped by about half from a bumper 2022, when Russia39;s invasion of Ukraine sent oil […]

MEXICO CITY, July 28 Reuters Mexican distiller Becle, the world39;s largest tequila producer, said on Friday that it maintained its guidance of annual sales in the high single digits on a constant currency basis, after a stronger peso ate into its earnings abroad. Without the FX impact, Becle39;s gross margin would have expanded over the […]

July 27 Reuters Chipmaker Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast thirdquarter earnings above Wall Street expectations, sending its shares up about 6. The market for personal computers has tumbled over the past year, with inventory piling up because consumers had already bought machines needed […]

PARIS, July 28 Reuters Sales at Birkin bag maker Hermes accelerated in the second quarter, showing the resilience of global demand for the group39;s highend leather goods despite a clouded economic backdrop. Group sales for the three months to the end of June came to 3.32 billion euros 3.65 billion, up 27.5 at constant exchange rates, […]

PRAGUE, July 28 Reuters Czech carmaker Skoda Auto, a unit of German group Volkswagen, posted a 35 yearonyear rise in firsthalf operating profit as global deliveries rose and the supply chain stabilised, the company said on Friday. We have remained focused on overcoming supply chain issues and the reward now is being able to keep […]