[the_ad id="1125697"]
Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
U.S. labor costs increase solidly in the fourth quarter
WASHINGTON – U.S. labor costs increased strongly in the fourth quarter, pointing to a rapidly tightening jobs market and supporting the Federal Reserve’s shift towards raising interest rates. The Employment Cost Index,…
China says U.S. should stop ‘unreasonable suppression’ of Chinese companies
HONG KONG – The United States should immediately stop “unreasonable suppression” of Chinese companies and treat them fairly, China’s commerce ministry said on Friday. A U.S. regulator earlier revoked China Unicom’s authorization…
Prada appoints ESG experts Culpepper and Rugarli to board
ROME – The shareholders’ meeting of Prada appointed on Friday environmental, social and governance (ESG) experts Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors to its board, the Italian fashion…
Heydemann to be first female CEO of telecoms group Orange
By Mathieu Rosemain PARIS – Orange on Friday named Christel Heydemann its new chief executive, making her the first woman to lead France’s biggest telecoms operator amid a revamp of its governance.…
Hong Kong’s Bank of East Asia proposes $372 million share buyback
– Hong Kong’s Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot…
ECB looks into governance issues at Deutsche Bank fund business – source
By Tom Sims and Frank Siebelt FRANKFURT -The European Central Bank is looking into corporate governance issues surrounding the chief executive officer of Deutsche Bank’s fund business DWS, a person with knowledge…
India’s Ather targets 1 million electric scooters a year as demand soars
By Aditi Shah NEW DELHI – Ather Energy, India’s top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next three years…
U.S. Treasury likely to cut auction sizes, possibly for last time
By Karen Brettell – The U.S. Treasury Department is likely to keep cutting auction sizes when it gives its refunding estimates for the coming quarter next week, after ramping up issuance to…
Shell’s renewables boss steps down after less than two years
By Ron Bousso LONDON – Shell’s head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly…
COVID leaves Germany and France with contrasting economic fortunes
By Joseph Nasr and Leigh Thomas BERLIN/PARIS -The German economy contracted over the last three months of 2021 while the French economy expanded, data published on Friday showed, pointing to contrasting fortunes…
Apple makes easy escape from supply crisis, but others may have to wait
By Nivedita Balu – Apple Inc’s triumph over the global chips supply-chain shortage has signaled good news amid troubled markets around the world. Not so fast, say analysts. The iPhone maker, which…
China raises first batch of 2022 rare earth quota by 20%
SINGAPORE – China has set the first batch of its 2022 rare earth mining output quota at 100,800 tonnes, 20% higher than the same time last year, according to a government statement…
Real U.S. yields in biggest monthly jump since 2013 taper tantrum
By Yoruk Bahceli – U.S. real bond yields, borrowing costs stripping out inflation, will end January with their biggest monthly rise in almost a decade, highlighting the scale of turnaround in markets…
Toyota remains world’s biggest car seller, widens lead on VW
TOKYO – Japan’s Toyota Motor Co said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further…
Autoliv profit tops forecasts
STOCKHOLM – Sweden’s Autoliv, the world’s largest producer of airbags and seat belts, reported higher than expected fourth-quarter earnings on Friday and said it expected around 20% organic sales growth in 2022.…
Stellantis repays 6.3 billion euro Italy state-backed loan in advance
ROME – Carmaker Stellantis said on Friday its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy’s top lender Intesa Sanpaolo. The loan…
Meme stock hangover: a year after GameStop, traders face gloomier markets
By Saqib Iqbal Ahmed NEW YORK – The mood has shifted dramatically a year since a spectacular rally in shares of GameStop captivated Wall Street, launching a mania for so-called meme stocks…
Fed guidance on rates following liftoff may remain foggy
By Howard Schneider WASHINGTON – The U.S. Federal Reserve clearly telegraphed a March interest rate hike after its meeting this week but the pace of what follows may remain clouded as officials…
UniCredit says only 1 billion euros of loans still under moratorium
MILAN – UniCredit has only 1 billion euros ($1.1 billion) in loans under moratorium, all of which in Italy, and default rates on debt where payments were frozen due to COVID-19 so…
Hong Kong market watchdog fines Citi $45 million for equities misconduct
By Alun John HONG KONG – Hong Kong’s market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against…
Euro zone economic sentiment eases in Jan
BRUSSELS – Euro zone economic sentiment deteriorated in January, data showed on Friday, pulled down by a more downbeat sentiment in the two key sectors of industry and services. The European Commission’s…
IMF backs Ukraine’s monetary policy and need to lower inflation expectations
KYIV – The International Monetary Fund backs the Ukrainian central bank’s monetary policy and the need to lower inflation expectations, the IMF representative in Ukraine Vahram Stepanyan told an online forum on…
AutoStore and Ocado ‘robot war’ spills into Germany
OSLO/LONDON – Norwegian warehouse robot maker AutoStore <AUTO.OL and British rival Ocado sparred on Friday over legal proceedings in Germany in their latest patent dispute. AutoStore shares rose as much as 15%…
High inflation to stick this year, denting global growth: Reuters poll
By Shrutee Sarkar BENGALURU – Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on worries of slowing…
SoftBank COO Marcelo Claure exits; departure sparked by pay dispute -source
By Greg Roumeliotis, Anirban Sen and Sam Nussey -Japan’s SoftBank Group Corp on Friday said its chief operating officer, Marcelo Claure, is leaving the technology investor, in the latest blow after a…
Breaking News
