Business

Paris wine show reflects surging demand for zero- and low-alcohol drinks

Thursday, February 12 by SRN News

PARIS (AP) - As a French teetotaler, Justine Bobin knows how challenging it can be to not drink in a country where wine, beer and other boozy beverages still lubricate many social interactions, even if France is less hooked on alcohol than it used... Read More.

AB InBev tops earnings forecasts, flags sports boost in 2026

Thursday, February 12 by SRN News

By Emma Rumney LONDON, Feb 12 (Reuters) - Top brewer Anheuser-Busch InBev beat forecasts for fourth-quarter profits, revenues and volumes on Thursday, saying that major sporting events like the FIFA World Cup could help it grow profits at a faster rate than its main rivals... Read More.

Hermes CEO says Epstein was financial predator, believes he was a “target”

Thursday, February 12 by SRN News

By Helen Reid PARIS, Feb 12 (Reuters) - Hermes CEO Axel Dumas said he resisted multiple attempts by Jeffrey Epstein to meet with him, saying he believed he was a target of the financier who was a "financial predator" and approached the company in the... Read More.

BOJ could hike rates as early as March, up to 3 times in 2026, Mizuho executive says

Thursday, February 12 by SRN News

By Makiko Yamazaki and Miho Uranaka TOKYO, Feb 12 (Reuters) - The Bank of Japan could raise key interest rates again as early as March and deliver up to three hikes this year in light of persistent inflation and yen weakness, Mizuho Financial Group's markets... Read More.

BAT annual profit rises as Velo gains US market share

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Lucky Strike maker British American Tobacco reported a 2.3% rise in annual profit on Thursday to 11.28 billion pounds ($15.36 billion), as its Velo nicotine pouch gained market share and sales of its newer vapes and heated tobacco products grew. The... Read More.

Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Privately-held Platinum Equity has agreed to sell Spanish waste management company Urbaser to Blackstone and EQT for $6.6 billion, the company said in a statement on Thursday. Platinum Equity will retain ownership of Urbaser's waste management business in Argentina, it said.... Read More.

Nuveen agrees to buy Schroders for $13.5 billion

Thursday, February 12 by SRN News

LONDON, Feb 12 (Reuters) - U.S. asset manager Nuveen has agreed to buy British firm Schroders for 9.9 billion pounds ($13.5 billion), the companies said on Thursday, creating a group with combined assets under management of nearly $2.5 trillion. Money manager Schroders' shareholders will receive... Read More.

China softens stance on EV makers negotiating with EU individually

Thursday, February 12 by SRN News

BEIJING, Feb 12 (Reuters) - China looks forward to more of its EV makers reaching agreements on minimum prices with the European Union, a Chinese commerce ministry spokesperson said on Thursday, softening its previous criticism of firms negotiating with the bloc individually. China is willing... Read More.

Toyota group firm extends Toyota Industries tender offer to boost buyout’s chances

Thursday, February 12 by SRN News

TOKYO, Feb 12 (Reuters) - A group company of Toyota Motor said on Thursday that the tender offer period for its buyout of forklift maker Toyota Industries will be extended until March 2 to increase the chances of the bid succeeding. ... Read More.

Exclusive-Foreign cars flow to Russia through China, skirting Ukraine war sanctions

Thursday, February 12 by SRN News

By Alessandro Parodi, Gleb Stolyarov and Alexandr Reshetnikov Feb 12 (Reuters) - Tens of thousands of cars are being exported from China to Russia under gray-market schemes that often circumvent Western and Asian government sanctions and automakers' commitments to exit the Russian market, according to... Read More.

Current Weather

Paris wine show reflects surging demand for zero- and low-alcohol drinks

AB InBev tops earnings forecasts, flags sports boost in 2026

Hermes CEO says Epstein was financial predator, believes he was a “target”

BOJ could hike rates as early as March, up to 3 times in 2026, Mizuho executive says

Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion

Nuveen agrees to buy Schroders for $13.5 billion

China softens stance on EV makers negotiating with EU individually

Exclusive-Foreign cars flow to Russia through China, skirting Ukraine war sanctions

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