Business

Nestle sheds water stake as it eyes faster growth

Thursday, July 23 by SRN News

By Richa Naidu LONDON, July 23 (Reuters) - Nestle on Thursday said it expects to raise around €3 billion ($3.43 billion) from a joint venture with investment firm Platinum Equity for its water and premium beverages business, a long-awaited deal it has been courting since... Read More.

Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches

Thursday, July 23 by SRN News

By Heekyong Yang and Heejin Kim SEOUL, July 23 (Reuters) - Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts' estimates, as weaker vehicle sales, production disruptions, and higher costs offset support from a weaker won. The weaker results highlight mounting... Read More.

Nestle to raise €3 billion from spin off of its water business

Thursday, July 23 by SRN News

ZURICH, July 23 (Reuters) - Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity. The new company, to be called Peranel, will include the... Read More.

Renault first-half sales volumes slip on Chinese competition

Thursday, July 23 by SRN News

PARIS, July 23 (Reuters) - Renault reported a slight drop in sales volumes for the first half of the year on Thursday, as rising competition in its key European market from new Chinese rivals curbed growth at some of its brands. The French automaker, whose... Read More.

Asian shares are mostly higher and Mideast tensions push Brent crude past $97

Thursday, July 23 by SRN News

BANGKOK (AP) - Asian shares were mostly higher on Thursday, while the intensifying war with Iran pushed Brent crude past $97 a barrel. U.S. futures declined. South Korea's Kospi rose 4.4% to 7,096.89 as investors' appetite for stocks related to artificial intelligence revived despite... Read More.

Poultry firm recalls nearly 1.6 million dozen eggs over potential salmonella, US FDA says

Thursday, July 23 by SRN News

July 23 (Reuters) - The U.S. Food and Drug Administration said on Wednesday that Midwest Poultry Services is recalling nearly 1.6 million dozen white shell eggs and brown cage-free shell eggs produced in Texas, as they have the potential to be contaminated with Salmonella... Read More.

BMW to recall over 318,000 US vehicles over starter motor overheating risk

Thursday, July 23 by SRN News

July 23 (Reuters) - BMW is recalling 318,495 U.S. vehicles as an engine starter may overheat and catch fire, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. The recall affects certain models including Toyota Supra, 4 Series Convertible, 4 Series Coupe, 3 Series,... Read More.

Switzerland’s Galderma lifts full-year guidance after H1 sales jump

Thursday, July 23 by SRN News

ZURICH, July 23 (Reuters) - Swiss skincare firm Galderma on Thursday reported a 24.6% jump in sales in the first half of the year and nudged up its full-year net sales growth guidance, citing double-digit growth in international markets and the U.S. First-half sales rose... Read More.

BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll

Thursday, July 23 by SRN News

By Satoshi Sugiyama TOKYO, July 23 (Reuters) - The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a Reuters poll, keeping further rate rises in view through next year. That... Read More.

Ambition and caution as Macquarie turns to a safe pair of hands

Thursday, July 23 by SRN News

By Byron Kaye SYDNEY, July 23 (Reuters) - While Greg Ward was building Macquarie Group's mortgage book to the fifth-biggest in Australia, he was also cutting a figure as a respectable Porsche racer, with few wins but - more importantly, say motoring experts - few... Read More.

Current Weather

Nestle sheds water stake as it eyes faster growth

Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches

Nestle to raise €3 billion from spin off of its water business

Renault first-half sales volumes slip on Chinese competition

Asian shares are mostly higher and Mideast tensions push Brent crude past $97

Poultry firm recalls nearly 1.6 million dozen eggs over potential salmonella, US FDA says

BMW to recall over 318,000 US vehicles over starter motor overheating risk

Switzerland’s Galderma lifts full-year guidance after H1 sales jump

BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll

Ambition and caution as Macquarie turns to a safe pair of hands

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