Business

Goldman Sachs Alternatives buys control of Italian medtech firm Numantec

Monday, July 27 by SRN News

MILAN, July 27 (Reuters) - The private equity arm of Goldman Sachs has agreed to acquire control of Italian medical equipment maker Numantec from White Bridge Investment, the companies said, betting on a business with steady revenues amid macroeconomic uncertainty. Based near the northern Italian... Read More.

Saab wins $1 billion order for surveillance aircraft in Middle East

Monday, July 27 by SRN News

OSLO, July 27 (Reuters) - Saab has received an order for two GlobalEye surveillance aircraft from a country in the Middle East region worth 10.1 billion Swedish crowns ($1.04 billion), with deliveries in 2030, the Swedish company said on Monday. GlobalEye aircraft have active and... Read More.

US firms in Europe broadly see stable transatlantic ties a year on from trade deal

Monday, July 27 by SRN News

By Philip Blenkinsop BRUSSELS, July 27 (Reuters) - A majority of U.S. companies operating in Europe now expect stable transatlantic trade and investment relations, a marked improvement from their views in 2025, according to a survey published on Monday. The American Chamber of Commerce to the... Read More.

Porsche to cut another 5,000 jobs

Monday, July 27 by SRN News

BERLIN, July 27 (Reuters) - German carmaker Porsche will cut another 5,000 jobs by 2035 under a second package of restructuring measures agreed between management and labour representatives, both sides said in a joint statement on Monday. The measures at Porsche, a Volkswagen subsidiary that... Read More.

US core capital goods orders increase strongly in June

Monday, July 27 by SRN News

WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged, pointing to a fairly solid pace of economic growth in the second quarter. Non-defense capital goods orders excluding aircraft, a closely watched... Read More.

LVMH’s Arnault dismisses reports of family rift

Monday, July 27 by SRN News

By Dominique Patton PARIS, July 27 (Reuters) - Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united. Investors have long... Read More.

Analysis-Why El Niño’s promise of a quieter hurricane season may not guarantee good news for insurers

Monday, July 27 by SRN News

By Niket Nishant, Ashitha Shivaprasad and Manya Saini July 27 (Reuters) - For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them... Read More.

Elusive founder Sky Xu faces spotlight as Shein seeks Hong Kong listing

Monday, July 27 by SRN News

By Kane Wu, Helen Reid and Julie Zhu HONG KONG/LONDON, July 27 (Reuters) - Shein's draft prospectus for a Hong Kong listing, published on Sunday, offers rare details about the role of its reclusive founder and CEO, Sky Xu. According to the prospectus, Xu, 42, has... Read More.

Morning Bid: China chip champ

Monday, July 27 by SRN News

By Mike Dolan July 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the... Read More.

Shein will struggle to justify $40-50 billion Hong Kong IPO valuation

Monday, July 27 by SRN News

By Yantoultra Ngui and Selena Li SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday... Read More.

Current Weather

Goldman Sachs Alternatives buys control of Italian medtech firm Numantec

Saab wins $1 billion order for surveillance aircraft in Middle East

US firms in Europe broadly see stable transatlantic ties a year on from trade deal

Porsche to cut another 5,000 jobs

US core capital goods orders increase strongly in June

LVMH’s Arnault dismisses reports of family rift

Analysis-Why El Niño’s promise of a quieter hurricane season may not guarantee good news for insurers

Elusive founder Sky Xu faces spotlight as Shein seeks Hong Kong listing

Morning Bid: China chip champ

Shein will struggle to justify $40-50 billion Hong Kong IPO valuation

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