By Corina Pons and Helen Reid MADRID (Reuters) – A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image[...]
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March 31, 2023
Analysis-Alibaba overhaul leaves fate of prized cloud unit up in the air
By Josh Horwitz SHANGHAI (Reuters) – Alibaba’s six-way breakup plan has raised questions about the long-term shape of its profitable cloud unit, given that it will have to tackle heavy reg[...]
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Global IPOs marred by banks and recession enjoy few bright spots
By Pablo Mayo Cerqueiro, Echo Wang and Elisa Anzolin LONDON/NEW YORK (Reuters) – A banking crisis and worries of a recession have dampened the outlook for initial public offerings (IPOs) this ye[...]
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UK economy avoids recession but businesses still wary
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy avoided a recession as it grew in the final months of 2022, according to official data which showed a boost to hous[...]
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BMW bets on design and recycling, not mining, to lower battery costs
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines, its finance chief[...]
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Chinese companies rush for U.S. listings ahead of new rules
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The number of U.S. IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules take effec[...]
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Factbox-The Japanese chipmaking equipment manufacturers navigating export curbs
TOKYO (Reuters) – Japan has seen its share of the semiconductor market fall from 50% in the late 1980s to about 10% but still hosts some of the most advanced chipmaking equipment manufacturers,[...]
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Citigroup sees global profits shrinking 5% in aftermath of banking turmoil
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have had a[...]
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German import prices show smallest annual increase in two years
BERLIN (Reuters) – German import prices in February registered their smallest increase in two years as energy prices eased. February import prices were up 2.8% year on year, the statistics offic[...]
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