ZURICH (Reuters) – Credit Suisse’s senior management has lost the confidence of investors after revealing cash outflows had persisted despite signalling they had stabilised, one of Germany[...]
Read more
February 10, 2023
Boeing 737 MAX plea deal withstands challenge from crash victims’ families
By David Shepardson (Reuters) -A U.S. judge in Texas on Thursday denied a legal bid by families of the victims of two Boeing 737 MAX crashes to reopen or reject a January 2021 deferred prosecution agr[...]
Read more
Walmart pushes back as major product suppliers ask for higher prices
By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) -Walmart Inc is warning major packaged goods makers that it can no longer stomach their price hikes, pitching its own private-label products[...]
Read more
Aurora Cannabis CEO says open to more M&A deals after upbeat Q2
By Ankit Kumar (Reuters) – Canada’s Aurora Cannabis Inc would be open to undertake more merger and acquisition deals in the future to expand its medical cannabis business, the company[...]
Read more
U.S. agriculture trade chief demands Canada broaden dairy quota access
By David Lawder WASHINGTON (Reuters) – Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to its import quotas to resolve a second U.S[...]
Read more
Activist investor ValueAct takes stake in Spotify
(Reuters) -ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. “We welcome ValueAct as an investor in Spot[...]
Read more
U.S. consumer sentiment improves; inflation expectations rise
WASHINGTON (Reuters) -U.S. consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday. The Unive[...]
Read more
Auto parts maker Magna warns of margin pressures on higher costs
By Kannaki Deka (Reuters) -Canada’s Magna International Inc on Friday reported an 80% fall in quarterly profit and warned of more pressure on its margins from volatile production schedules at au[...]
Read more
Japan set to pick academic Ueda as next Bank of Japan chief -sources
By Takaya Yamaguchi, Kentaro Sugiyama and Yoshifumi Takemoto Tokyo (Reuters) – Japan’s government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor, two governmen[...]
Read more