By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn’t see a major boos[...]
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February 8, 2024
British American Tobacco signals India’s ITC stake disposal, shares jump
LONDON (Reuters) -British American Tobacco is “actively working” to sell some of its shareholding in India’s ITC, it said on Thursday, sending its shares up almost 8% as investors ch[...]
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NYCB’s “outsized” CRE exposure prompts Morningstar DBRS downgrade
(Reuters) – Morningstar DBRS downgraded the credit rating of New York Community Bancorp to “BBB” from “BBB (high)” on Thursday, citing the lender’s “outsized[...]
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Fed’s Barkin says he’s cautious about accuracy of recent economic data
(Reuters) – Recent stronger-than-expected data on the U.S. economy may be partly due to the difficulty of making accurate seasonal adjustments around the beginning of a new year, Richmond Federa[...]
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Zimmer Biomet forecasts upbeat 2024 profit on steady medical devices demand
(Reuters) – Zimmer Biomet Holdings Inc forecast 2024 profit above Wall Street expectations on Thursday, betting on resilient demand for its medical devices, and said it had initiated a restructu[...]
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Spanish court suspends $209 million Apple, Amazon fines pending appeal
MADRID (Reuters) -Spain’s high court has suspended 194 million euros ($209 million) in fines imposed on Amazon and Apple by the local antitrust watchdog in July, pending an appeal by the tech gi[...]
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Siemens investors call for further unbundling of the group
By John Revill (Reuters) -Two of Siemens’s largest investors have called for the German engineering group to simplify its operations by cutting its investments at Siemens Energy and Siemens Heal[...]
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Google rebrands Bard chatbot as Gemini, rolls out paid subscription
By Jeffrey Dastin SAN FRANCISCO (Reuters) – Google on Thursday renamed its Bard chatbot after the new artificial intelligence that is powering it, called Gemini, and said consumers can pay for b[...]
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Emirates airline announces sponsorship deal with NBA
By Federico Maccioni DUBAI (Reuters) – Emirates airline has forged a multi-year sponsorship deal with America’s NBA basketball league, it said on Thursday, as the carrier seeks to raise it[...]
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