By Ebru Tuncay and Birsen Altayli ISTANBUL (Reuters) -Turkish companies’ end-2023 balance sheets will be inflation-adjusted, with adjustments expected to […]
Renault to invest $3.2 billion in eight new models in global re-launch
By Gilles Guillaume PARIS (Reuters) – Renault said on Wednesday it will invest 3 billion euros ($3.2 billion) by 2027 […]
Porsche warns luxury not immune to economic woes as shares hit 1-year low
By Victoria Waldersee BERLIN (Reuters) -Porsche AG shares on Wednesday hit a one-year low since its listing last September as […]
Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment
(Reuters) – U.S. railroad operator Norfolk Southern’s third-quarter profit slumped 41% on Wednesday as the company took another hefty charge […]
Meta’s Instagram linked to depression, anxiety, insomnia in kids – US states’ lawsuit
By Jonathan Stempel, Diane Bartz and Nate Raymond (Reuters) – Dozens of U.S. states are suing Meta Platforms and its […]
Dulux owner Akzo sees core earnings towards low end of forecasts
By Stephanie Hamel (Reuters) -Dutch paints and coatings maker Akzo Nobel set out a plan to save costs and improve […]
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its […]
Zara-owner Inditex to buy recycled polyester from US start-up
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara-owner Inditex, the world’s biggest clothing retailer, has agreed to buy recycled […]
Moncler sales seen rising despite luxury concerns, warmer weather
By Elisa Anzolin MILAN (Reuters) – Italian luxury group Moncler is expected to post a healthy rise in quarterly sales […]
Deutsche Bank shares surge as it flags dividends and buybacks
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank on Wednesday promised more share buybacks next year and said […]