Indian stock market boom draws more firms to IPOs SoftBankbacked company OfBusiness runs website for raw material OfBusiness eyeing a valuation of 69 billionsource Company planning an IPO for second half of 2025, exec says NEW DELHI, Sept 3 Reuters SoftBankbacked OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an […]

QUITO, Reuters General Motors39; factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country. The Cadillac and Chevrolet maker said in April it would close its production operations in Ecuador and neighboring Colombia. General Motors39; OBB plant in Quito accounts for 51 of car production in Ecuador. […]

FEFTA tag doesn39;t affect national security review, official says Prior notification needed for all foreign buyouts Companies39; own designations do not need government approval TOKYO, Sept 3 Reuters Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior finance ministry official said, pushing back at speculation Tokyo39;s foreign […]

VW considers one car plant, one component plant in Germany obsolete works council Costcutting drive at namesake brand must be extended VW Management 39;compelled39; to end job security programme Works council promises 39;fierce resistance39; to plans Shares 1.2 BERLIN, Sept 2 Reuters Volkswagen is considering closing factories in Germany for the first time, in a move […]

Sept 3 Reuters Sweden39;s Volvo will launch a longrange variant of its FH Electric truck, capable of covering up to 600 km 373 miles on a single charge, its truckmaking arm said on Tuesday. The new model, expected to hit the market in the second half of 2025, caters to customers requiring longer hauls by maximizing […]

Sept 3 Reuters Rolls Royce shares rose on Tuesday, as the UK engineer sought to recover from its biggest oneday drop this year following news of an engine component failure at Cathay Pacific Airways. The Hong Kong carrier cancelled at least 34 flights on Monday and inspected its entire Airbus A350 fleet after detecting the inflight failure of […]

Cathay Pacific inspected 48 A350s after engine part failure Engine manufacturer RollsRoyce has not issued inspection directive to airlinessource Other A350 operators are flying normallyFlightRadar24 data Sept 3 Reuters Hong Kong39;s Cathay Pacific Airways said on Tuesday it had inspected its entire Airbus A350 fleet after the inflight failure of an engine part and found 15 aircraft with components […]

Michael Pratt to retire as CFO in September 2025 Alex Pease, former Westrock CFO, named CFO designate Company reports 7 drop in Q1 adjusted pretax profit Sept 3 Reuters British equipment rental company Ashtead Group kept its annual profit forecast on Tuesday after reporting a drop in quarterly earnings, reassuring investors as it also named […]

MADRID, Sept 3 Reuters Spanish bank BBVA said on Tuesday that Britain39;s Prudential Regulation Authority has approved it taking indirect control of Sabadell39;s TSB. BBVA said the authorisation is one of the approvals BBVA has to secure for its more than 12 billion euro bid for Sabadell, since the British bank would become part of BBVA. Sabadell rejected BBVA39;s allshare offer […]