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Ferrari to Accept Crypto as Payment for its Cars in the US

MILAN, Reuters Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of bluechip companies have steered clear of crypto as the volatility of bitcoin and other […]
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Big Tobacco Turns to Rooibos Tea to Counter Upcoming Ban

LONDON, Oct 16 Reuters Big Tobacco firms including British American Tobacco are selling heat sticks made from nicotineinfused substances such as rooibos tea, countering an incoming European Union ban on flavoured heated tobacco products. While the sticks mark a new way to inhale the addictive drug, health experts warn that their safety is unclear. The industry […]
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Indias DMart Slides after Posting First Profit Drop in 3Y

BENGALURU, Oct 16 Reuters Shares of India39;s Avenue Supermarts posted their steepest drop in five months on Monday after the DMart store chain operator posted its first drop in quarterly profit in three years. The retailer39;s standalone profit after tax fell nearly 10 in the JulySeptember quarter, while its EBITDA margin shrank to 8.1 from 8.6 […]
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Singapore Regulator Raises Concern on Grab Plan to Buy Transcab

Feedback suggests concern on Grab39;s ownership of Transcab Grab says both companies to ensure commuter benefit Singapore39;s MA activity down 69 in first 9 months LSEG Oct 16 Reuters The Competition and Consumer Commission of Singapore CCCS on Monday raised competition concerns about a plan by Southeast Asian ridehailing company Grab to acquire Singapore39;s thirdlargest taxi […]
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Top Banker Mustier Takes over as CrisisHit Atos Chairman

Bertrand Meunier steps down as chairman Sees sale of Tech Foundations to Kretinsky completed in Q2 2024 Failure of sale to Kretinsky would lead to refinancing Oct 16 Reuters Banking bigshot JeanPierre Mustier is taking over the helm of Atos39; board of directors, the crisishit French IT consulting group said on Monday, driving the shares […]
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BioNTech Warns of WriteOff of Up to 900M Euros on COVID Vaccine

BERLIN, Oct 16 Reuters Shares in Germany39;s BioNTech fell on Monday after it flagged writedowns of up to 900 million euros 947 million reflecting similar charges its partner Pfizer announced on their COVID19 vaccine business last week. Hit by a plunge in use of pandemicrelated products, Pfizer on Friday said it would take 900 million in writeoffs and other […]
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U.S. Consumer Sentiment Fell, Gold Reaches 1930 USDoz

PREVIOUS TRADING DAY EVENTS 13 Oct 2023 According to the University of Michigans preliminary reading on the overall index of consumer sentiment, US consumers yearahead inflation expectations rose sharply. Consumer sentiment fell sharply as households anticipated higher inflation over the next year. Nearly all demographic groups posted setbacks in sentiment, reflecting the continued weight of […]
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Asian FX Reserves Slip as Central Banks Grapple with Strong Dollar

SINGAPOREMUMBAI, Oct 16 Reuters Asia39;s central banks have spent this year defending their currencies against a strong U.S. dollar, paring foreign exchange reserves to multimonth lows in the process, yet have struggled to soothe market nerves or contain capital outflows. Emerging Asia39;s currencies have been highly volatile all year, hemmed between China39;s defence of its […]
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