By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was[...]
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February 15, 2023
Barclays docks execs’ pay by 1 million pounds over regulatory failures
By Iain Withers LONDON (Reuters) -Barclays has docked the pay of some top executives by a combined 1 million pounds ($1.2 million) following regulatory missteps and a costly overissuance of billions o[...]
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Brent Saunders to return as Bausch + Lomb CEO
(Reuters) -Bausch + Lomb Corp on Wednesday named Brent Saunders, the former chief executive officer of Allergan, as its CEO and chairman of board, marking his return to the Canadian eye-care company a[...]
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Goldman says consumer-facing credit cards never became ‘meaningful’ part of strategy
(Reuters) -Goldman Sachs Group Inc said on Wednesday a consumer-facing proprietary credit card never became “a meaningful part” of the bank’s strategy, highlighting the Wall Street g[...]
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Tesla to halt some China production for upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloombe[...]
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Global demand for lithium batteries to leap five-fold by 2030- Li-Bridge
(Reuters) – Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles an[...]
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Deutsche Bank increases U.S. terminal rate forecast
LONDON (Reuters) – Deutsche Bank has raised its forecasts for where U.S. interest rates will end up, as latest inflation numbers suggested the Federal Reserve would need to tighten monetary poli[...]
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Barclays Shares Tumble 9% As Profit Disappoints
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays reported a 14% fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and[...]
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Marketmind: Interminable anxiety
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. inflation is not falling fast enough, the Federal Reserve is stamping its foot and the assumed ‘terminal’ interest[...]
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