Mexico’s Banorte eyes Banamex, shares surge
By Kylie Madry MEXICO CITY -Mexico’s Banorte said on Friday that “non-disclosure agreements” had been signed as a preliminary step toward a possible bid for Citigroup’s Citibanamex subsidiary even as…
By Kylie Madry MEXICO CITY -Mexico’s Banorte said on Friday that “non-disclosure agreements” had been signed as a preliminary step toward a possible bid for Citigroup’s Citibanamex subsidiary even as…
By Hilary Russ NEW YORK – Starbucks has hired a former McDonald’s executive to oversee technology as returning CEO Howard Schultz explores changes to the coffee chain’s drive-thru, mobile order-and-pay…
By Elvira Pollina and Mathieu Rosemain MILAN -Iliad is considering buying into Telecom Italia’s (TIM) domestic consumer services operations as part of the French phone group’s push to strengthen its…
By Joyce Lee and Byungwook Kim (Reuters) – South Korea’s SK Group said on Tuesday it was mulling investments in small-sized nuclear reactors and that one of the candidates was…
By Aditya Kalra, Aftab Ahmed and Anirban Sen NEW DELHI – Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion,…
ZURICH – Armed with a banking licence from the Swiss Financial Market Supervisory Authority, digital wealth manager Alpian plans to launch in Switzerland in the third quarter of 2022, the…
WASHINGTON – The U.S. Senate should wrap up debate over U.S. Supreme Court nominee Ketanji Brown Jackson by Thursday, clearing the way for a final vote on her confirmation, Senate…
By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade,…
WARSAW – Polish e-commerce platform Allegro is interested in more mergers and acquisitions in the region, its Chief Executive Francois Nuyts told journalists, as the group completed its takeover of…
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will seek to control food prices if inflation cannot be brought down. “We’ve been able to…
(Reuters) – BHP Group Ltd said on Tuesday it will invest more than $10 billion in Chile to fuel growth in the world’s largest copper producing nation for the next…
By Svea Herbst-Bayliss BOSTON – Bed Bath & Beyond and billionaire investor Ryan Cohen said on Friday that the two sides had reached a settlement where three new directors will…
By Matthias Williams, Margaryta Chornokondratenko and Stephen Farrell LONDON/LVIV, Ukraine – The props were simple, the message was clear. In a video address to the nation this week, Ukrainian President…
By Lisa Baertlein LOS ANGELES – The busiest U.S. seaport expects its robust flow of imports to continue in the near term, but is closely monitoring COVID-19 shutdowns in major…
-The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be un-tradable. Bombs rained down on…
LONDON -A Russian woman who burst into a state TV studio to denounce the Ukraine war during a live news bulletin told Reuters on Wednesday she was worried for her…
By Svea Herbst-Bayliss – US Foods Holding Corp is interviewing potential candidates for its board as the food distributor tries to fend off a challenge from activist investor Sachem Head…
By Alexander Cornwell RIYADH – Russia’s invasion of Ukraine has catapulted defence spending up the political agenda in Europe and could herald a new era of purchases led by Germany,…
By Valentine Hilaire and Kylie Madry MEXICO CITY – Mexican bottler and retailer Femsa plans to increase the number of its Oxxo convenience stores by as much as 50% across…
By Anna Ringstrom STOCKHOLM – IKEA said on Thursday it would invest £1 billion ($1.4 bln) in London over three years, as it opened the doors to its first high…
By Natalia Zinets KYIV – Ukraine wants to launch talks with the International Monetary Fund on a new programme in April to reassure markets that have been rattled by tensions…
WASHINGTON – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win back money from companies that…
PARIS – French luxury group and Gucci owner Kering is eyeing second- and third-tier cities for possible store expansion in the United States, where its sales are booming, Chairman and…
(This Feb. 16 story has been corrected to show price to be very similar to high-dose flu vaccine, not COVID vaccine, in paragraph 8) By Francesco Guarascio BRUSSELS – An…
By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising…