Oct 11 Reuters BNY beat thirdquarter profit estimates on Friday, boosted by higher investment services fees as assets under its custody and administration exceeded the 50 trillion mark for the first time. The bank39;s fees, typically calculated as a percentage of the assets under custody, benefited from a market rally that boosted their value as well […]

PARIS, Oct 14 Reuters Investors in French luxury group LVMH are eager for signs that China39;s new fiscal stimulus measures can finally pull wealthy and middleclass Chinese shoppers out of their funk, inspiring them to splash out on 4,300 designer leather handbags ahead of Singles Day, China39;s largest annual shopping spree. Global luxury bellwether LVMH, whose portfolio spans Louis Vuitton and […]

SYDNEYSEOUL, Oct 14 Reuters Hyundai India will start taking orders for its 3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country39;s largest ever share offering and world39;s second biggest IPO in 2024. The IPO shows that India39;s red hot capital markets show […]

BRUSSELS, Oct 11 Reuters The European Commission said it had sent a request for information to shopping website Temu under the Digital Services Act DSA, asking Temu for information on steps it was taking to stop illegal products being sold on its platform. Today, the Commission has sent a request for information RFI to Temu […]

CEO says company must adjust to industry changes German site with 260 staff to close Noncore areas to be discontinued BERLIN, Oct 11 Reuters Germany39;s Evonik will scale back its adhesives and health care lines to focus on core assets, it said on Friday, shedding other operations including a polyester business and a production line […]

PARIS, Oct 11 Reuters Sanofi has entered into talks to sell a controlling 50 stake in its consumer health business Opella to U.S. private equity firm Clayton Dubilier Rice, the French pharmaceutical group said on Friday. The announcement confirms an earlier Reuters report that it was closing in on a sale estimated at around 15 billion euros 16.41 […]