BRASILIA (Reuters) -Brazil’s federal public debt increased in October after three consecutive months of decline, official data showed on Friday, driven by debt interest payments. The stock of fe[...]
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Economy
Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says
MILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion euros ($2.08[...]
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SoftBank-backed Kavak laid off staff, plans ‘significant’ cuts-internal email
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican online used-car dealership Kavak plans significant spending cuts and has laid off staff as it prepares for a challenging 2023, according to a[...]
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France’s CMA CGM sees profits ebbing as shipping boom fades
PARIS (Reuters) -CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its profitabi[...]
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Shares of Nike and Adidas could score at the World Cup
By Noel Randewich (Reuters) -As 32 teams compete for the World Cup in Qatar, Adidas and Nike also hope their shares can score. With FIFA projecting at least 5 billion TV viewers, the world’s hig[...]
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Neuberger Berman gets Chinese regulatory nod to conduct mutual fund business
BEIJING (Reuters) -U.S. asset manager Neuberger Berman’s Chinese unit said on Friday it had been granted a license by the Chinese securities regulator to conduct mutual fund business. The announ[...]
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Benettons, Blackstone reach more than 95% of Atlantia after bid – Reuters calculations
MILAN (Reuters) – A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy’s Atlantia has breached the 95% threshold, Reuters calculations showed, allow[...]
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EU demands quick fix from U.S. of green subsidy law
By Philip Blenkinsop BRUSSELS (Reuters) – European Union ministers warned on Friday that time was running out to resolve differences with Washington over U.S. plans to give tax credits to consum[...]
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IKEA stores owner Ingka’s annual operating profit rises 9%
By Anna Ringstrom STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores, reported on Friday a 9% rise in annual operating profit, as price increases helped it offset higher input cost[...]
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