Category: Business

Toshiba Corp’s(6502.T)board said on Friday its strategic review committee would identify core and non-core businesses and soon make recommendations to the board on the strategy of the scandal-hit Japanese conglomerate. The statement by the Toshiba board updates a pledge it made in late June that the newly formed strategic review committee would undertake a full […]

Magnit (MGNT.MM), one of Russia’s largest food retailers, said on Friday it had launched a range of ready-to-eat products at certain stores and could develop the project further with the construction of what it called “kitchen factories”. Magnit, which on Thursday reported a drop in quarterly net profit of 6%, is trying to close the […]

Unicredit (CRDI.MI) is well placed to secure a beneficial deal with the Italian government in talks to take over Monte dei Paschi di Siena (BMPS.MI), which it sees as the best M&A option at present, its chief executive Andrea Orcel said. Orcel defended the merits of a possible MPS acquisition as UniCredit posted a higher […]

U.S. equity funds attracted a net $8.03 billion, the biggest inflow in five weeks, data from Refinitiv Lipper showed. Equity funds’ inflows were heavily focused on exchange-traded funds, whose holdings rose by $10.9 billion. On the other hand, U.S. equity mutual funds faced outflows of $943 million, underscoring investors’ preference for passive funds in recent […]

Euro zone inflation rose faster than expected this month, moving decisively past the European Central Bank’s 2% target with much of this year’s surge still to come. Inflation in the 19 countries sharing the euro accelerated to 2.2% in July from 1.9% a month ago, easily beating analysts’ expectations for 2% as energy prices continued […]

An easing of coronavirus travel restrictions is generating the first signs of recovery at Air France-KLM (AIRF.PA), the airline group said on Friday, as its unveiled a smaller loss for the second quarter coupled with positive cash from operations. “Obviously the first quarter was terrible and probably even more so for KLM due to the […]

Cryptocurrency prices continue to be on an upward trend on August 9. At the time of this article, the price of Bitcoin stood at $45,040.19 with an upwards trend of 1.16 per cent over the last 24 hours and 13.70 per cent over the last seven days. The global crypto market cap over the last […]