Business

Exclusive-Gunvor management buyout values trading group at around $5 billion, sources say

Thursday, February 19 by SRN News

By Dmitry Zhdannikov LONDON, Feb 19 (Reuters) - A management buyout of commodity trader Gunvor has valued the group at around $5 billion, according to two sources and a Reuters calculation based on deal's financing via a loan to staff. Gunvor's founder Torbjorn Tornqvist has provided... Read More.

Pernod Ricard’s sales, profits slide on demand slump in main markets

Thursday, February 19 by SRN News

By Dominique Vidalon and Emma Rumney PARIS/LONDON, Feb 19 (Reuters) - Pernod Ricard reported weaker sales across all five of its priority markets in the first half of its fiscal year on Thursday and group profits dropped as foreign exchange swings and rising costs compounded... Read More.

Bayer: glyphosate shortages not expected outside the US after executive order

Thursday, February 19 by SRN News

By Patricia Weiss FRANKFURT, Feb 19 (Reuters) - The U.S. President's executive order invoking the Defense Production Act to ensure U.S. supply of glyphosate underscores U.S. farmers' needs to have access to the herbicide, Bayer said on Thursday, adding the move would not lead to... Read More.

Frontier bets on budget travelers as other airlines focus on premium market

Thursday, February 19 by SRN News

By Doyinsola Oladipo NEW YORK, Feb 19 (Reuters) - Frontier Group Holdings, the parent of Frontier Airlines, is making a bold bet on budget travelers who have tightened their belts while much of the industry insists that premium spenders are the way to go. James Dempsey,... Read More.

Las Vegas sees sharp visitor drop as leisure spending wanes

Thursday, February 19 by SRN News

LAS VEGAS, Feb 19 (Reuters) - On Fridays, it still feels like peak Vegas - rolling suitcases, packed rideshare queues and the familiar churn at Harry Reid International. By Monday, the airport has quieted considerably. "Our peaks are still peaks, and our valleys are softer,"... Read More.

Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

Thursday, February 19 by SRN News

WASHINGTON (AP) - Tariffs paid by midsized U.S. businesses tripled over the course of last year, new research tied to one of America's leading banks showed on Thursday - more evidence that President Donald Trump 's push to charge higher taxes on imports is... Read More.

Analysis-Hims & Hers GLP-1 pill gambit backfires, accelerating crackdown on drug compounders

Thursday, February 19 by SRN News

By Michael Erman NEW YORK, Feb 19 (Reuters) - Online telehealth company Hims & Hers Health, seeking growth drivers as its original sexual-health franchises matured, may have overstepped with a risky launch of weight-loss pills that drew swift blowback from Danish drugmaker Novo Nordisk and... Read More.

How China plans to dominate global trade long after Trump

Thursday, February 19 by SRN News

BEIJING, Feb 19 (Reuters) - China sees an opening to turn President Donald Trump's tariffs to its advantage by reshaping global trade in ways that would insulate its $19 trillion economy from U.S. pressure far into the future. Beijing is exploiting the uncertainty created by... Read More.

Exclusive-ECB President Lagarde tells colleagues she is still focused on her post

Thursday, February 19 by SRN News

FRANKFURT, Feb 19 (Reuters) - European Central Bank President Christine Lagarde has told colleagues she remains focussed on her job and she would tell them first if she was about to step down, four sources told Reuters, in a private message the recipients took... Read More.

Nissan to recall about 643,000 SUVs in US over engine, gear issues, NHTSA says

Thursday, February 19 by SRN News

Feb 19 (Reuters) - Nissan is recalling 642,698 Rogue SUVs in the U.S. as part of two separate recalls, over issues that could cause loss of drive power, the U.S. National Highway Traffic Safety Administration said on Thursday. Nissan is recalling 318,781 Rogue SUVs... Read More.

Current Weather

Pernod Ricard’s sales, profits slide on demand slump in main markets

Bayer: glyphosate shortages not expected outside the US after executive order

Frontier bets on budget travelers as other airlines focus on premium market

Las Vegas sees sharp visitor drop as leisure spending wanes

Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

Analysis-Hims & Hers GLP-1 pill gambit backfires, accelerating crackdown on drug compounders

How China plans to dominate global trade long after Trump

Exclusive-ECB President Lagarde tells colleagues she is still focused on her post

Nissan to recall about 643,000 SUVs in US over engine, gear issues, NHTSA says

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