Business

Dubai’s DAE and Blackstone launch $1.6 billion annual aircraft leasing programme

Thursday, April 9 by SRN News

By Hadeel Al Sayegh April 9 (Reuters) - Dubai Aerospace Enterprise and Blackstone Credit and Insurance have agreed to launch a joint aircraft leasing investment programme targeting annual deployment of approximately $1.6 billion, the companies said on Thursday. The programme, branded Equator, will build a portfolio... Read More.

EV maker Polestar’s quarterly sales rise as Europe momentum continues

Thursday, April 9 by SRN News

April 9 (Reuters) - Sweden's Polestar reported a 7% rise in first-quarter sales volume on Thursday, as the EV maker benefitted from its Europe-focused strategy to drive demand amid tariff-driven uncertainty and high costs. The company's first-quarter sales rose to 13,126 vehicles, compared with 12,263... Read More.

Uniqlo-owner Fast Retailing flags record year after strong quarter

Thursday, April 9 by SRN News

By Rocky Swift TOKYO, April 9 (Reuters) - The Japanese owner of clothing brand Uniqlo raised its full-year forecast on Thursday, flagging another record year, as international growth produced a stronger-than-expected jump in quarterly profit. Fast Retailing said its operating profit rose 29.4% to 189.8 billion... Read More.

Lucky Strike maker BAT brings back former executive to fill CFO role

Thursday, April 9 by SRN News

April 9 (Reuters) - British American Tobacco named Dragos Constantinescu as its chief financial officer on Thursday, bringing back a former executive who had spent 16 years at the tobacco giant before moving to Asahi Breweries, Japan's largest brewer. The appointment follows the abrupt departure... Read More.

UniCredit flags risk of losing key staff, clients in a Commerzbank tie-up

Thursday, April 9 by SRN News

MILAN, April 9 (Reuters) - Italian bank UniCredit said the uncertainty arising from an integration with Commerzbank could cause employees "with fundamental institutional knowledge" to leave, potentially leading to client loss for both lenders. UniCredit, which owns almost 30% of Commerzbank, last month... Read More.

Seven & i delays listing of North America business

Thursday, April 9 by SRN News

TOKYO, April 9 (Reuters) - Seven & i Holdings said on Thursday it has pushed back the timing of the listing of its North American operations to the financial year starting April 2027 or later, rather than in the second half of 2026. ... Read More.

South Korea’s Kia slashes long-term EV target by a fifth

Thursday, April 9 by SRN News

SEOUL, April 9 (Reuters) - South Korea's Kia Corp on Thursday cut its 2030 target for electric vehicle sales by about 20% to 1 million, reflecting weaker demand and the scrapping of EV subsidies in the U.S. last year. Shares in the automaker slid, trading... Read More.

Chart shows Iran may have put sea mines in Strait of Hormuz

Thursday, April 9 by SRN News

DUBAI, United Arab Emirates (AP) - Semiofficial news agencies in Iran published a chart Thursday suggesting the country's paramilitary Revolutionary Guard put sea mines into the Strait of Hormuz during the war, in a message that may be intended to pressure the U.S. as... Read More.

Morning Bid: There’s a Gulf between market hopes and reality

Thursday, April 9 by SRN News

April 9 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's the day after and reality is intruding into market hopes of peace and prosperity in the Middle East. Asian stocks and Wall St futures are off,... Read More.

China’s March bank lending seen surging on post-holiday rebound: Reuters poll

Thursday, April 9 by SRN News

By Shi Bu and Kevin Yao BEIJING, April 9 (Reuters) - Chinese banks likely extended significantly more new loans in March than in February, according to a Reuters poll on Thursday, driven by improved credit demand and a seasonal rebound. Banks in China are expected to... Read More.

Current Weather

Dubai’s DAE and Blackstone launch $1.6 billion annual aircraft leasing programme

EV maker Polestar’s quarterly sales rise as Europe momentum continues

Uniqlo-owner Fast Retailing flags record year after strong quarter

Lucky Strike maker BAT brings back former executive to fill CFO role

UniCredit flags risk of losing key staff, clients in a Commerzbank tie-up

Seven & i delays listing of North America business

South Korea’s Kia slashes long-term EV target by a fifth

Chart shows Iran may have put sea mines in Strait of Hormuz

Morning Bid: There’s a Gulf between market hopes and reality

China’s March bank lending seen surging on post-holiday rebound: Reuters poll

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